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Debt Consolidation

Don't break the bank- consolidate your debt into one easy, low payment. LAFCU's Debt Consolidation Loan has a rate as low as 6.99% APR*, making it much easier to take care of your finances.

Industry Standard LAFCU's Debt Consolidation Loan
$15,000 in balances $15,000 in balances
Estimated payoff of 30+ years** Estimated payoff of 5 years
Averaging 25.74% APR^ Low fixed rate of 6.99% APR*
Finance charge: $35,950 Finance charge (5 year consolidation loan): $2,814
$450 per month** Pay just $311 per month for 60 months

* Annual Percentage Rate. Rate accurate as of 03/01/21. Programs, rates, terms and conditions are subject to change without notice. Subject to credit qualification and approval. Additional restrictions may apply.

** Estimated payoff of 30+ years is based on a minimum payment assuming a 3% minimum payment requirement is $450.

^Average percentage rate is based on cited article: McCann, Adam. "What Is the Average Credit Card Interest Rate?', https://wallethub.com/edu/average-credit-card-interest-rate/50841/". "Evolution Finance, 9 January, 2019

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