Debt Shed Loans
Debt comes in many forms, such as a mortgage, auto loan, or even credit cards! CFCU is here to help you get relief from the debt that could be weighing you down.
Our Debt Shed Loan is a low rate debt consolidation loan that allows you to bundle higher-costing debt such as:
- Credit Cards
- Medical Bills
- Personal Loans
- And More!
By making consistent, on-time payments, our low rate loan could even help you increase your credit score! Don’t let yourself become a victim of high interest credit cards, and the endless amount of bills every month. Let CFCU help you feel financial freedom!
Check out how much you could save with a $7,000 Debt Shed Loan!
| STORE CREDIT CARD |
CFCU DEBT SHED LOAN |
| Balance = $7,000 |
Balance = $7,000 |
| Interest Rate = 24.99%APR* |
Interest Rate = 7.99%APR |
| Months to payoff = 36 months |
Months to Payoff = 36 months |
| |
|
Monthly payment = $278
Total Interest Paid = $3,018 |
Monthly Payment = $219
Total Interest Paid = $895 |
THAT'S A TOTAL SAVINGS OF $2,123.00**
|
Debt Shed
*APR = Annual Percentage Rate. Rates shown are the best available, are based on credit history, and subject to change without notice. Please see a CFCU Financial Service Representative for full details.
**Max to Lend = $7,000. No additional discounts for Auto Transfer/Electronic Payment. Refinancing of existing CFCU debt not available with Debt Shed.
*Average credit card rate from www.creditcards.com.
**Savings comparison based on $7,000.00 credit card debt at 24.99% APR with an estimated term of 36 months. Monthly payment and total amount of savings not guaranteed. Contact us for more information.