We get it. Sometimes debt can feel overwhelming. But taking control of debt and paying it down can improve your financial situation and boost your credit score for when you do need to borrow. Finding ways to lower your interest and combine debt into one manageable payment is a worthy goal. And we’re here to help.
With a lower credit card rate, you can save on interest and pay down balances faster with no transfer fee
Build a personalized financial plan with a Certified Financial Specialist
Get guidance on a variety of topics with our free webinars to help you live a better financial life
We’ve partnered with Banzai to provide additional support — their coaches can help you gain insight into your financial life and plan wisely
BALANCE provides you with access to financial education and resources, and they can also assist with no-cost financial counseling to help you manage spending and debt
Should I consolidate my personal debt into a new loan?
Calculations provided are for demonstration purposes only and do not guarantee credit approval for the rate and terms displayed.
To determine how quickly you could get out of debt and how much interest you might save, check out the calculator above. By bringing your debt together into one low-rate loan, you could save thousands and benefit from a fixed, manageable payment.
Simple interest is generally calculated based on your principal balance. Compound interest is calculated based on your principal balance, plus any accumulated interest from previous periods. Put simply, compound interest may make the amount you owe grow at a much faster pace than simple interest.
Patelco is committed to helping our members on their road to financial wellbeing. Please reach out to one of our Certified Financial Specialists to have a confidential conversation about your finances today.
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