Debt can come from many sources including student loans, healthcare expenses, car payments and credit card purchases.
If you want to reduce the amount you pay in interest or reduce your total monthly payment, consider consolidating your debt in a way that works for you.
Consolidating your debt can have several benefits including: a lower monthly payment, the ease of having only one bill, and the possibility to owe less over time. By paying less interest over time, you can ensure that your money is spent on the things that matter most to you.
Here are 3 ways Community Financial can help you get financially fit this year:
Debt Consolidation Loans are used to pay off multiple loans and/or credit card debts. The advantage is the loan may have lower interest rates than the original debt, and it allows you to make only one payment per month instead of several.
Transfer Your High Rate Credit Card Balance to a Community Financial Platinum VISA®. With rates lower than most department store cards, a our Platinum VISA card can make it easier for you to pay your balance off sooner.
Home Equity Line of Credit loans let you tap your available home equity to pay for large purchases or home improvements.
Don’t let debt overwhelm you. 2015 can be the year you make a plan to get out of debt. Visit cfcu.org/bills to see how Community Financial can help.
