How to reduce debt - strategies & tips to pay off your debt | ASB

How to reduce debt - ASB has tips on how to get on top of your debt. Find out more at asb.co.nz/debtconsolidation. Watch more ASB money tips at asb.co/asbmoneytips.

Our tips include ways to reduce debt such as; making a plan, tackling high interest debt first and considering a debt consolidation loan.

Having a plan for tackling your debts helps to prioritise what debts need to be paid off first and makes the process seem more achievable. Tackling high interest debt first can be a good idea as it reduces the interest you pay in the long term.

A debt consolidation loan combines your debts into one loan with a fixed term and just one fortnightly or monthly bill – less ongoing admin and a date when you know these debts will all be repaid by.

Watch our video to find out more and check out our debt consolidation calculator asb.co.nz/debtconsolidation to find out how you might be able to make life simpler with an ASB Debt Consolidation Loan.

ASB lending criteria and terms apply. Fees may apply. Loans for business purposes excluded.


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