Sort out your finances with debt management today...


What is Debt Management?

Debt management is offered by a number of independent debt companies in New Zealand, as well as non-profit and government organisations.

Once debt starts to pile up, it can be hard to admit the problem and even less to seek help quickly. Many people start by ignoring mounting debts and hope that somehow they will go away of their own accord. However more often than not debts only increase and the problem becomes bigger until it threatens to take over normal life.

Taking that first step to help and guidance can be a matter of embarrassment, shame or even lost pride to some people. However, you can get the help you need just by clicking online - and many debt management companies offer their initial consultation for free.

Debt management services go through your debts with you slowly and can offer their expertise to find you an effective solution.

What Debt Solutions are Offered?

Most debt management services will offer you a variety of solutions based on your individual case. These usually include:

  • An informal debt agreement
  • Consolidation loan
  • An individual debt plan

Most debt services will offer their guidance, by negotiating with your creditors, for instance. They can mediate between you and those who want their money back, can ask for interest to be frozen and in most instances you will be left with one affordable monthly payment in place of multiple debts.

What are the Benefits and Disadvantages?

By actively seeking help to improve your financial situation, you are giving yourself the chance to solve your money worries.

Rather than ignoring the problem you can get rid of debts for good! Debt management services are ideal because you can apply for them from the comfort of your own home and are unlikely to be obligated to take their advice so you can shop around to find the perfect help.

Of course, by taking debt advice and receiving a debt plan or other solution you are not instantly ridding your life of debt.

You will still be left with the same overall debt amount but may simply be dealing with one small regular payment in place of several. It can be easy to be fooled into the idea that now your debts are suddenly gone, but in truth you will still need to pay them off in full before you can fully move on.


Please note that Which Way To Pay New Zealand ( is not authorized to give personal financial advice under New Zealand's financial services regulations, including the Financial Advisers Act (Securities Commission New Zealand).

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