Debt Consolidation

Get a fresh start on your financial life now. Envision this:

  • Money for any purpose
  • Improved rates to help you pay off debt faster
  • Simplify finances with one manageable payment
  • Alleviate stress and look to the future
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Financing to move you forward

When you feel lost in high-interest debt and unable to see the light at the end of the tunnel, simplifying your life with debt consolidation might be the answer.

  • Combines all your debts into one manageable payment
  • Could lower your interest rate to help you pay off your debts faster
  • Streamlines your financial obligations and may improve your credit score

Advantages of debt consolidation:

One simple payment you can count on
Consider consolidation when you are overwhelmed with multiple payments
Lower interest rates
Save money by lowering that interest rate depending on the loan or line of credit you may qualify for
Pay debt faster
Pave the way for a brighter financial future by paying debt off faster
Boost your credit
Improve and repair your credit score by making payments on time with faster payoffs

Debt consolidation might not be right for you if:

Debt to income is too high
If your debt amount is more than half your income or the amount you owe is overwhelming, it might be better to explore debt relief options
Debt due to overspending
When you pay off your credit card debt with a debt consolidation loan, you free up available credit on your cards. That can be risky if you are prone to using your cards for frivolous purchases. Committing to avoiding new debt is vital if you choose a debt consolidation measure
Current payments and rates are better
If your current debt payments and rates are better, you might be better off staying put. If a consolidation loan doesn’t offer significant savings, it might not be worth pursuing

What are your debt consolidation options?


Debt consolidation starts by looking at your financial picture using our rate tools. Then, consider a loan or line of credit. You can use the money to pay off your debts faster. Loan protection is available too.
 

Home equity loan

By tapping into your home equity—the difference between your home's value and your outstanding mortgage balance—you can pay off debt and gain financial flexibility

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Home equity line of credit

Streamline your payment, get more flexibility, and possibly lower your interest rate with a HELOC to make it easier to manage and minimize your existing debt

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Personal loan

One time funding you can use to cover your outstanding debts with a fixed monthly payment

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Discover all the ways debt consolidation can help you!

 

Disclosures:
All 7 17 Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice. Normal lending criteria apply. All loans subject to credit approval. Non-members of 7 17 must join 7 17 Credit Union (open a savings account) to receive this offer. A $5 minimum opening deposit into a new share (savings) account establishes membership. While not common to this offer, membership eligibility restrictions may apply. Contact us for details.

Please consult your 7 17 Credit Union Home Equity Line of Credit Agreement, Truth-in-Lending Disclosures, Addendums and Modifications for your loan and repayment terms. Call 800-775-7741 or visit www.717cu.com for more details on this or any 7 17 Credit Union product or service.