Is your debt weighing you down? Combine your credit cards, line of credit or other loans into one low payment, and help take the weight off your shoulders. Lower your monthly payment with 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 05/07/21. 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, 2019Go to main navigation