How Westpac can help
Click on the below link for more information on each
Westpac personal loans - what's on offer?
When cashflow is tight, what are my options?
What if I can't make the repayments?
Calculate how much you'll save with a credit card balance transfer
The Westpac Debitplus Visa card - like a credit card without the debt
Westpac personal loans - what's on offer? top
Westpac's competitive personal loans can help you consolidate your outstanding debts. Click here for more information on debt consolidation.
These personal loans can help you borrow to buy items (such as furniture and cars) with a lower interest rate than a credit card. There are fixed repayment amounts so you have a finite end date and know the full cost up front.
Also, there is no maximum repayment, so you can pay off lump sums or repay early without incurring extra costs.
Click here to check out Westpac's checklist for what you need to get a loan.
When cashflow is tight, what are my options? top
An arranged overdraft can tide you over when you're a bit short on cash. It's particularly helpful if you receive an irregular income - you won't have to dip into your savings when a bill is due, instead you can repay the overdraft from your next pay cheque.
As you'll be charged interest on the amount that is overdrawn, it's best to pay off your overdraft as soon as you can.
Click here to find out how Rae uses her overdraft to her advantage (see step four).
By applying and signing up for an overdraft, you'll have access to an agreed amount of credit from the bank. This overdraft is a debt to be paid back to the bank, however there are no minimum monthly repayments, but you will be charged interest on the amount overdrawn.
Click here to find out how to apply for a Westpac overdraft.
Using your credit card can help you manage your cashflow, too. You can pay your bills, earn credit card loyalty points - just ensure you repay your credit card balance in full within the interest-free period.
Click here to find out more about Westpac's credit cards.
What if I can't make the repayments? top
It's worthwhile considering loan protection or credit card repayment insurance, just in case you find yourself strapped for cash and can't make repayments.
Click here for more information on Westpac's loan repayment insurance* or here for Westpac's credit card repayment insurance*
* Terms, conditions, limits and exclusions apply. For more details including underwriter's details, see the relevant policy document.
Calculate how much you could save with a credit card balance transfer top
A balance transfer is when you transfer the outstanding balance on one bank's credit card to another bank's credit card. Often you can get a lower interest rate from the bank you're transferring your balance to. This could be a lower cost option for consolidating debt or reducing your credit card interest costs. Click here to calculate how much you could save.
The Westpac Debitplus Visa card - like a credit card without the debt top
The Debitplus Visa card allows you to buy items online, over the phone and when you're travelling overseas without going into debt. As the money comes out of your everyday bank account, you're spending your own money - not using credit and borrowing from the bank. If you have an overdraft on your Everyday Account you can access this using a Debitplus Visa.
Click here to find out more about Westpac's Debitplus Visa card.
Watch the video
Click here to watch Rae, Marina and Nicci discuss ways to use debt to your advantage.
Talking Money Sense: How can I better manage my debt?
Marina and Nicci share their stories
There's good debt and questionable debt and Marina and Nicci have experienced both. Click here to read their stories.
Rae's guide to managing debt
Click here for Rae's guide to using debt to manage your budget and lifestyle.
The questions you need to ask
Are you ready to take on debt? Click here to find out the questions you must ask before signing on.
Get yourself out of the red !
Check out our top tips for getting back in the black. Could debt consolidation work for you?
Other ways to help you manage your debt
The content of Talking Money Sense is general in nature, is designed for information purposes only and is not intended to constitute financial or other advice. Information is subject to change. Other fees/charges may apply. For full details refer to our latest price list which is available from any Westpac branch free of charge. You can get a copy of the current disclosure statement for Westpac New Zealand Limited from any Westpac branch in New Zealand free of charge. Westpac's current credit card lending criteria apply to all applications and transfers. Westpac's current Personal Loan lending criteria apply. Westpac New Zealand Ltd.