If you have multiple loans and credit cards with balances, debt consolidation may be a good option for you. At Canopy Credit Union, we have great loan options to help you get control of your debt and Loan Advocates to walk you through the process.
What is debt consolidation?
Debt consolidation is the process of refinancing multiple loans and/or credit cards into one monthly payment to hopefully lower your interest rate and the total amount you have to repay.
How will I benefit from debt consolidation?
Consolidating your various loans and credit cards into one monthly payment may help you:
Bonus tip: Once you consolidate your debt, talk to a member advocate about setting up automatic payments! You can set up your account so every time you get paid, a certain amount automatically goes towards your loan payment.
Want more advice?
Meet with one of our certified financial coaches FOR FREE. They can give you expert advice about what strategy would be best for consolidating your debt. Your situation is unique and your consolidation strategy will be catered to your needs.
*Annual percentage rate, fixed rate ranges from 7.99% APR to 18% APR, based on approved credit.
Jon Maroni - Certified Financial Coach
"Ready to help you crush your financial future!"
Contact us to get your questions answered and to start the debt consolidation process today!
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