Debt Consolidation

Be Careful Who You Trust

Members beware! While some companies really are non-profit debt counselors, consumer advocates say many more are looking to turn your debt into their profit.

Many debt consolidation companies and programs build in a fee as part of the monthly payment you make to them. It usually about 10% of the payment (i.e. about $40 on a $400 monthly payment). They pass along your payments to the creditor some debit directly from your checking account and get back a 10% to 15% slice that the relieved creditor is only too happy to rebate to the consolidator. Is it worth paying someone else to do what you can do on your own, i.e. negotiate lower interest rates and stretch out your repayment schedule and pay off the highest-interest debts first?

Consolidating your debt in a single low-interest loan can save on interest payments and speed the process of paying off debts. A debt consolidation loan combines your credit card monthly payments and other monthly payments into one single monthly payment. To avoid the stress of a serious financial situation, contact Neighborhood Credit Union. We offer a Debt Consolidation Loan that puts you back at the controls, managing your debt, lowering interest rates, reducing your monthly payments and giving you the ease of one monthly payment.

We are currently offering competitive rates with a maximum term of 36 months on unsecured debt consolidation loans. Or, try one of our Home Equity Loans. You may be eligible for a longer term and a competitve low Home Equilty loan rate.

We'll help you find your way back to financial security.

Apply today for one of our low interest loans by calling 214.748.9393 or toll-free 800.321.3728 during our extended loan hours of 8am to 6pm weekdays.

*APR= annual Percentage Yield. Rate subject to change. With approved credit.