Consolidate your debts into one, easy payment.

Debt Consolidation LOANS AT YOUR FRIENDLY NEIGHBORHOOD CREDIT UNION IN ROANOKE, VA AND LYNCHBURG, VA AREAS

Rope tied in a knot

Getting out of debt can be hard, especially if you're trapped in a tangle of payments every month. Consider consolidating your payments into one easy-to-manage, low-interest loan so that you can get out of debt faster!

Often a debt consolidation loan can help you pay off debt quicker and save you money. We’ll help you determine the best solution for your personal situation, and show you how you may be able to start saving. Apply today!

 

See an example of how a debt consolidation loan works!

Debt Amount Owed Monthly Payment Interest Rate (APR*) Monthly Interest Paid
Without a Debt Consolidation Loan
Credit Card $3,500 $95.63 13.99% $40.80
Personal Loan $4,200 $139.24 24.99% $87.47
2nd Credit Card $2,100 $53.25 9.99% $17.48
Total $9,800 $288.12 --- $145.75
With a Debt Consolidation Loan
Amount Owed $9,800
Monthly Payment $251
Interest Rate 8.00% APR*
Monthly Interest Paid $65.33
* APR=Annual Percentage Rate. Membership eligibility and qualification requirements, as well as our approval process, apply. Illustration shown assumes loan of $9,800 for term of 48 months at 8.0% Annual Percentage Rate which results in a monthly payment of $251 including single death and disability debt protection and savings of $1,820.27 when compared to examples shown and interest paid over same term of 48 months. Monthly payment and savings will vary dependent on amount borrowed, term, and qualifying rate. Not all applicants will qualify. Other restrictions may apply. All offers are subject to change and may be withdrawn without notice. This credit union is federally insured by the National Credit Union Administration.
 

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