Debt consolidation can help you get ahead.
If you’re like many of us, too many financial obligations can leave your head spinning and your mind wondering if there’s any way you can ever get ahead of it all. Reorganizing your debts can help you get a handle on your finances and simplify the way you pay off your obligations.
"So how does it work?"
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.
Canopy Credit Union offers a variety of great loan options to help you get your debts under control. Our advocates 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 crafted specifically to your personal circumstances and needs.
"How will I benefit from debt consolidation?"
Consolidating your various loans and credit cards into one monthly payment may help you:
- Improve your monthly cash flow
- Lower the total amount you have to repay on your debt
- Reduce your interest rate
- Reduce stress by offering you one easy to manage monthly payment