Consolidate Personal Debt.
Blue Eagle Credit Union offers debt consolidation loans so you could get out of debt faster, save money, or possibly both.
Looking to Get Out of Debt?
Blue Eagle Credit Union may be able to help! We offer easy personal debt consolidation services that combine your loan payments so they're simpler to manage and potentially allow you to pay off debt quicker. Our Virginia debt consolidation loans may be able to lower your current loan payment, rate, or term, so connect with us today to see what we can do to help you Pay Less. Earn More. Have Fun.®
What is Debt Consolidation?
Debt consolidation is when you pay off all your different loans by taking out one bigger loan. The new loan enables you to combine your debt into one convenient place. Loans for debt consolidation often have lower interest rates and monthly payments than your other individual loans, making them an ideal way to simplify your financial life and potentially save some money.
When to Consolidate Your Debt
You should consolidate your debt only if it makes the most sense for your financial situation. You could consider debt consolidation if you have:
Several high-interest loans.
A large amount of debt that will take longer than a year to pay off.
A credit score that has rebounded from the last time you took out a loan.
Plans to practice healthy financial habits
The Benefits of Debt Consolidation Lending
Low-interest debt consolidation loans could offer several advantages depending on your situation and the type of loan you receive. A few benefits you could experience include:
Smaller monthly payments.
Faster debt repayment.
Higher credit score.
Simpler financial life.
Fewer payments and due dates to remember.
Here’s How It Works
Without a Debt Consolidation Loan
Credit Card
$3,500 owed
$95.63 monthly payment
13.99% APR
$40.80 monthly interest paid
Personal Loan
$4,200 owed
$139.24 monthly payment
24.99% APR
$87.47 monthly interest paid
Second Credit Card
$2,100 owed
$53.25 monthly payment
9.99% APR
$17.48 monthly interest paid
Total
$9,800 owed
$288.12 monthly payment
—
$145.75 monthly interest paid
With a Debt Consolidation Loan
Total
$9,800 owed
$257 monthly payment
9.00% APR
$74.93 monthly interest paid
APR=Annual Percentage Rate. Membership eligibility and qualification requirements, as well as our approval process, apply. Illustration shown assumes loan of $9,800 for term of 48 months at 9.00% Annual Percentage Rate which results in a monthly payment of $257 including single death and disability debt protection and savings of $1,493.76 when compared to examples shown and interest paid over same term of 48 months. Monthly payment and savings will vary depending on amount borrowed, term, and qualifying rate. Not all applicants will qualify. Other restrictions may apply. All offers are subject to change and may be withdrawn without notice. This credit union is federally insured by the National Credit Union Administration.
Choose Blue Eagle Credit Union to See Banking Differently®
When you come to Blue Eagle Credit Union, you can trust us to work with you to deliver the best solution for your situation. Our member advisors (loan experts) will learn about your current loans and listen to your story. We'll help you find the right loan consolidation amount and monthly payments for you so that you can pay off your debts faster and save more money.
We have a proven history of helping our members Pay Less. Earn More. Have Fun. At Blue Eagle Credit Union, we're dedicated to helping you create positive financial goals and a sound financial future. It's time to See Banking Differently! We're the best friend that has your back.
Apply for a Debt Consolidation Loan Today
Blue Eagle has the credit union debt consolidation loans you need to pay off your debt sooner in a way that is better, easier, faster, and more affordable. Apply for a loan today! You can also connect with us online or give us a call at 540-342-3429 to learn more about how we could help you take charge of your financial future.