Debt Consolidation Loans
Not Your Dreams.
Debt Consolidation LoanS
Get Back On Track
You don’t have to give up. Sure, credit card debt feels insurmountable. The rates. The multiple payments. The balances that never seem to go down.
But your dreams matter. And a debt consolidation loan can bring them back into focus. Soon, you’ll be downsizing that debt with manageable payments.
Here's How:
Lower Rate
The average credit card rate is over 20.00% APR. 1 Your debt consolidation loan rate can be half that.
Single Payment
Stop worrying about missing a payment. Budget for a single loan payment each month, making cash flow easier to manage.
Defined Term
With your debt consolidation loan, you’ll have a definite payoff date. Never wonder about when your debt will be paid off.
How Does Debt Consolidation Work?
Wondering how taking on more debt helps get you out of debt? With a debt consolidation loan, you pay off your higher-rate credit cards – leaving you with a simpler single payment at a lower rate.
Your money gets easier to manage. And your financial future looks a little brighter without the weight of never-ending debt.
Step 1
Add up your credit card debt.
Step 2
Apply for a debt consolidation personal loan in an amount equal to your total credit card debt.
Step 3
Use your loan proceeds to pay off your credit cards.
Step 4
Curb your card use – don't build those balances back up again.
| Account Type 2 | APR as low as 3 | Term | Payment Per $1,000 4 | Alert Me |
|---|---|---|---|---|
| Unsecured | 10.70% | 60 Months | $21.61 | |
| Please click on footnotes within the table or visit the bottom of the page to review important disclosures. | ||||
Here's How to Apply
Gather Your Documents
You’ll need your valid, government-issued ID, your credit card account information, and your payoff amounts.
Apply
Apply online in a few simple steps.
Become a Member
HFCU is a member-owned credit union. We operate just like a bank, but we’re owned by our members. Part of your loan approval will include becoming a member.
Get Your Decision
Our lending team is local, which means you’ll have a fast decision and local support if you need it.
Pay Off Your Cards
You’ll get checks to mail directly to your credit card issuer to pay off your balances. Monitor your cards after you pay them off to ensure no lingering interest charges show up.