Debt Consolidation

Take Control of Your Finances

360FCU’s Debt Consolidation Loan 

Feeling overwhelmed by multiple debt payments? You’re not alone. A Debt Consolidation Loan from 360 Federal Credit Union can simplify your finances by combining your existing debts into a single, manageable monthly payment. Enjoy the benefits of predictable payments, potentially lower interest rates, and a clearer path to financial freedom.

• 37-60 Months
• Starting at 9.99% APR1
• with $500 Minimum Loan Amount
• Rate as of 08/16/2023

View Rates

Why Choose Debt Consolidation Loans from 360FCU?

• Borrow Between $500–$30,000: We offer loan amounts to fit a variety of financial needs.
• Competitive Fixed Rates: Lock in a low, fixed interest rate for predictable monthly payments and no surprises.
• Flexible Terms Up to 5 Years: Choose a repayment term that works best for your budget.
• Potential Credit Score Improvement: Responsible debt consolidation can positively impact your credit score over time.
• Direct Creditor Payoff: We’ll handle paying off your existing creditors directly, making the process seamless and hassle-free.

How Does It Work?

1. Apply In Person or Online: Our application is quick, easy, and secure.
2. Calculate Your Potential Savings: Use our free Debt Consolidation Calculator to see how much you could save.
3. Enjoy One Simple Payment: Say goodbye to multiple due dates and hello to simplified budgeting.

Who Can Benefit from Debt Consolidation?

We understand that everyone’s financial situation is unique. Here are a few examples  of how 360FCU’s Debt Consolidation Loan can help different people:

For Gen Z: Launch Your Financial Future

• The Challenge: Managing student loans, early credit card debt, or other initial expenses can be stressful.
• How We Can Help: Consolidate high-interest debt into one manageable fixed-rate loan. This simplifies your payments, potentially lowers your overall interest costs, and helps you build a positive credit history. Imagine having one due date to remember and potentially savings money on interest each month.

Millennials: Achieve Your Life Goals

• The Challenge: Balancing multiple debts while pursuing major milestones like buying a home, starting a family, or planning a wedding can be difficult.
• How We Can Help: Free up cash flow by consolidating your debts into a single, lower monthly payment. This can give you the financial breathing room you need to achieve your goals without feeling constantly overwhelmed by debt.

For Families: Simplify Your Household Budget

• The Challenge: Juggling various financial obligations, such as car loans, medical bills, and credit card balances, can make budgeting complex and stressful.
• How We Can Help: Streamline your finances with one predictable monthly payment. This makes budgeting easier, reduces the risk of missed payments, and helps you create a more stable financial foundation for your family.

For Empty Nesters: Secure Your Retirement 

• The Challenge: As you approach retirement, simplifying your finances and eliminating debt becomes a priority.
• How We Can Help: Consolidate your debts into one manageable loan wiht a clear payoff plan. This provides peace of mind knowing you have a structured approach to debt repayment as you transition into retirement.

Ready to take control of your debt? Apply now and simplify your finances with 360FCU today!

Apply Via Our Virtual Branch Now

Disclosures:

1) APR = Annual Percentage Rate. Rates & terms are effective as of the date shown and are subject to change without notice. Except for lines of credit, education refinance and savings secured loans the Annual Percentage Rate includes a 0.25% rate discount with Auto-Pay from a 360 Federal Credit Union Account. If the Auto-Pay is not set-up or removed from the account your rate will increase by 0.25%. Rates listed are based on our credit grade “A”. Your actual rate may differ depending on your individual credit score and term.

2) 7 year term line of credit. Minimum line amount of $3,000 and max line amount of $30,000. Initial draw period is the first 2 years from closing date followed by a 5 year repayment period. No other withdrawals will be permitted after the draw period ends. During the draw period interest only payments are required. Your payments during the repayment period will increase as your payment will now include principal and interest. Your principal and interest payments will be based on the remaining balance withdrawn. The minimum credit advance you may obtain with any withdrawal from your term line of credit is $100.00.

All loans and credit lines are subject to credit approval, except the savings secured loan.  Membership eligibility required. Ask for details.