New Year, new wallet: Saying goodbye to high interest debt

The start of the new year brings the perfect opportunity for a fresh start, not just for your mindset but for your financial habits, too. Many Americans make personal finance a key focus of their New Year's resolutions. According to Motley Fool, debt repayment is one of the top financial goals for 2026, with 25% of adults making this their top priority¹.

Paying down debt can feel overwhelming, especially when high-interest balances are involved. But don't worry, at Abound we offer several options to help you reset your finances and take control of your debt. 

1. Consolidation - Consolidating your debt can help you secure a lower interest rate, reduce monthly payments, and pay down balances faster. With our Home Equity Line of Credit (HELOC), you can borow up to 100% of your home's equity² and use your line of credit to pay off medical debt, credit card debt and more. The best part? Payments can be interest-only for the first ten years and you only pay on what you use. If you prefer a fixed rate option, a Personal Loan might be the right fit. Borrow up to $35,000 and combine multiple debts into one simple, manageable monthly payment. No collateral is needed, just your signature. Both choices offer a great way to simplify your finances and give your wallet some breathing room. 
2. Balance Transfers - If you're carrying high-interest credit card debt but want to keep using a credit card, our Abound Classic Visa offers lower rates, no annual fees and no balance transfer fees. Transferring your balance can help reduce interest charges and make monthly payments more manageable. 
3. Refinancing - Replacing an existing loan with one that carries a lower interest rate means less of your monthly payment goes toward interest and more goes towards your principal balance. Whether you're refinancing a Home, Auto, Boat or RV Loan, moving your loan to Abound could lower your rate, reduce your montly payments and free up room in your budget to tackle other high-interest debts. Try our Refinance Your Home Loan and Compare Two Vehicle Loans calculators to see how much you could start saving today. 

By utilizing smart financial strategies, you can reset your timeline, ease financial stress and take charge of your financial future. 

Not sure which option is right for you? Visit your local branch today. Our team is here to help you find the best fit for your needs!