Get Debt-Free With Bragg Mutual FCU
How Debt Consolidation Works
When you have multiple outstanding debts, paying them off can be a long, challenging process. An effective way to get out of this situation is to consolidate your debt into one easy-to-manage payment with lower monthly payments.
Let’s assume you have balances on multiple credit cards. It would be easier to consolidate your credit card balances into a single monthly payment that offers a lower interest rate than what you’re currently paying. Many consumers have used this approach to get enough money to pay off all the scattering bills all at once which has further allowed them to clear their debts quicker.
Available Debt Consolidation Alternatives
Consolidating debt offers some serious relief. Bragg Mutual FCU provides a number of tools to cover your debt consolidation needs. These include personal loans, Visa Cards and Home equity line of credit (HELOC). With a Bragg Mutual HELOC, you can borrow against the equity in your home and use the loan to pay off your outstanding debts.
You can use an unsecured personal loan as well to consolidate your credit cards or other types of debt. Ideally, all these options are designed to give our members a monthly payment they can afford while limiting the amount of interest they need to pay.
Are you tired of seeing your credit card balance rise every month? Are your debt levels so high, it’s starting to overwhelm you? Consider having a debt consolidation plan. We encourage you to speak to any of our knowledgeable loan specialists to discuss your situation and determine if you should consolidate your debt. Contact us today!
*Subject to credit approval. Rates disclosed reflect our best rates and may be different based on credit underwriting or services used. All loan or deposit rates are subject to change without prior notice. The information posted here is a service to our members. Although BMFCU strives for information accuracy, we do not guarantee or warrant information posted here.