January is a great time to review your finances as many people resolve to save more, pay off debt, and set other financial goals. If you have multiple lines of debt – such as credit cards, retail store cards, medical debt, student loans, and other high-interest personal loans – consolidating into one monthly payment may be the best option for you. Rather than paying on each individual item, simplify your finances with one low payment.
Pay Down Debt Quicker
Debt consolidation is a great way to get on top of your payments and bills. By combining all your debts into one payment, it’s easier to focus on the lump sum payment amount versus the individual amounts. This can help you focus on your end-goal and get you one step closer to becoming debt-free. Multiples streams of debt can feel defeating and difficult to accomplish progress. One monthly payment could be the ideal solution.
Lower Your Interest Rate
Credit cards can sometimes have higher interest rates than personal loans. If you’re paying too much on credit card monthly payments, debt consolidation may be right for you. A lower interest rate through a personal loan may benefit your payoff process and save you money over the course of the loan.
Eastex Credit Union currently offers rates from as low as 10.00% APR. By consolidating your high-interest debts into one low rate over the course of the loan, you could end up saving hundreds of dollars in interest.
Have One Easy & Affordable Monthly Payment
Streamlining your finances can make a huge difference in your day-to-day life. With one monthly payment for your credit cards, medical bills, and other high-interest debts, you can more easily access the debt-free goals and lifestyle you’re resolving to obtain. Save time and money with one easy and affordable monthly payment.
Contact Us Today!
Eastex Credit Union can you help you simplify your finances this year. Call us to talk to about ways we can help you accomplish your goals in the new year. You can also apply online to get started on the process of simplifying your finances.
Resolve to simplify your finances in 2023! Let go off feeling overwhelmed and stressed when you simplify the repayment process, reduce your interest costs, and get out debt sooner. At Eastex Credit Union, we believe in you and your financial goals!