Debt Consolidation

Breathing room in your budget

How many loans, including credit cards, are you paying right now? Do those monthly payments fit comfortably into your monthly budget or are they starting to stretch the seams a bit? No matter which situation describes you, consolidating your debt can be a powerful tool for freeing up extra money each month and paying your debt off sooner.

There are different tools for consolidating different kinds of debt. The following three options are typically the best:

Unsecured Loans

Unsecured Loans are best for consolidating credit cards, department store charge cards, loans with finance companies and anything where the balances are low and the interest rates are fairly high.

Apply For An Unsecured Loan

Credit Card Balance Transfers

By transferring high-interest debt to a lower-rate credit card, you can end up saving hundreds or even thousands of dollars. At Seattle Credit Union, we offer a Visa^® Rewards Credit Card with rates as low as 11.99% APR. Compare that to your other debt and see how much you could save.

Home Equity Loans

Home Equity Loans work well for larger balances with longer payment terms, such as high-rate auto loans and student debt. This may also be a good answer if you have a significant amount of outstanding unsecured debt. The longer terms and rates of most home equity loans mean a significantly lower payment. Also, the interest paid on home equity loans may be tax deductible¹, which can save even more money.

Talk to a Seattle Credit Union representative today to see if a consolidation loan makes sense for you. Call us at 855.575.9352, or you can apply by clicking one of the apply buttons for the product that you're interested in.

Apply For An Equity Loan