Your credit score plays a major role in your financial life — from the interest rates you receive on loans and credit cards to your insurance premiums.
If credit scores feel intimidating or confusing, you’re not alone. We’re here to help explain the basics, so you can move forward with confidence.
Debt is a part of life, but sometimes it can start to feel out of control. Don't worry, it can happen to anyone. The most important thing is finding a way to move forward. Our debt consolidation loan lets you roll multiple balances into a single, manageable payment so you can get your finances under control and pay down your debt.
Debt consolidation is great for members who:
We'll take a look at all of your debt: how much you owe, to who, at what interest rates, and over what terms.
We'll take all of your existing debt and roll it into one manageable combined loan, often at a lower monthly rate.
Make consistent payments and you're on your way. You may also see your credit score improve.
Explore answers to common questions from members like you, so you can move forward with confidence.
It’s not guaranteed but that’s pretty much the goal, and is often the case—especially if you’re dealing with high-interest credit cards.
Not necessarily. In many cases, it can actually help by reducing your debt balances and improving your payment history.
If you’re in debt, we can usually help you consolidate it. Credit cards, personal loans, medical bills, and other unsecured debts are all very common. It’s tough out there, but we’re here to help.
If only life were that easy, eh? Cutting up your credit cards doesn’t get you out of debt. And in fact, when you’re using it well, debt can be a powerful tool. We’ll typically combine debt consolidation with some form of financial counseling too, to make sure you’re building better long-term habits.
If you’ve struggled with debt, your credit score may have been negatively impacted. Luckily, there are ways to build it back up again. If you’ve gone through debt consolidation and are now looking to build your score back up, our credit builder loans may help.
