Making debt manageable

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. So tell us:

Eliminating the balance on high interest cards is a good goal to set.

Paying off debt often means paying less interest over time. Lowering your payment can free up money to pay for other bills.

Used carefully, a Home Equity Line of Credit (or HELOC) can be a great debt consolidation tool.

More ways to manage debt effectively

Explore Debt & Loan Protection Options3

Visit our BALANCE Services Center

BALANCE Financial Counseling

Get a free credit report

1A $25 fee will be added to the loan balance when Skip-A-Pay is used.

2The minimum credit line amount is $10,000 and the maximum is $500,000. Patelco Credit Union will pay customary closing costs on lines up to $250,000 in second lien position. Borrower is responsible for closing costs on lines in first lien position or over $250,000 and any escrow fees resulting from changes to title. Closing costs range from $0 to $2,500. Borrower may be required to pay a notary fee varying from $1 to $40 to execute the loan documents. No cost product uses Automated Value Model (AVM) to determine property value. Full Appraisals requested by the applicant will be at their expense. Read the HELOC Program Disclosure.

3This product is optional. Your purchase of Debt Protection is optional. Whether or not you purchase this product will not affect your application for credit or the terms of any existing credit agreement you have with us. Additional disclosures: We will give you additional information before you are required to pay for Debt Protection. This information will include a copy of the contract containing the terms and conditions of Debt Protection. Eligibility requirements, conditions and exclusions: There are eligibility requirements, conditions, and exclusions that could prevent you from receiving Debt Protection benefits. You should carefully read your Debt Protection contract for a full explanation of the terms and conditions of the Debt Protection program.