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Managing debt

Get a wrangle on all things debt: from repayments to consolidation, and even how you can use debt to improve your financial wellbeing. It’s all about getting in control. Ready to jump in the driver’s seat?

Types of debt

In the world of debt, there are two main types to remember: the good and the not so good. Let’s look at what these two types of debt really mean and what you can do to understand the types of debt you might have.

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Debt reduction strategies

Where to begin? Strategising your way out of debt can feel complicated. That’s why we’ve got three simple strategies to get you started.

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Tactics for handling debt

Contrary to popular belief, you don’t need to be completely debt free to keep growing your finances. Paying down your debt faster can help you to get out of the bad habit cycle.

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Your credit score

Your credit score is a number based on your financial history that helps banks and other lending institutions determine how much (or if) they can lend to you.

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Take the quiz to find out your financial wellbeing score and get tips to master your money. It’s like a little health check for your finances! Get your score

Why is managing debt important?

When it comes to your financial wellbeing, managing debt can be the aspect that often adds the most stress. Whether you’re planning a big purchase or wanting to add some space in your budget, developing a strategy to manage your debt will help you to feel more confident about the future. Explore different strategies and tools from ANZ to help you track your repayments and manage your debt.

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VIDEO

How to manage your debt

Understand the truth about debt, and how to manage it so that it works for you.

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ARTICLE

Why I focused on my debt when times got tough

Fitness expert and celebrity trainer, Libby Babet, paused her home loan repayments when times got tough. But as soon as she could, she prioritised repaying her debt, knowing it would save her money in the long run.

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VIDEO

Should I take out a personal loan?

Personal loans can be a helpful tool to allow you to achieve your goals. Learn what to factor in when considering a personal loan.

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The information set out above is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information, you should consider whether the information is appropriate for you having regard to your objectives, financial situation and needs. By providing this information ANZ does not intend to provide any financial advice or other advice or recommendations. You should seek independent financial, legal, tax and other relevant advice having regard to your particular circumstances.

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