Debt Consolidation
Simplify Your Finances and Your Life
Life can get stressful. Managing your debt shouldn’t be. First Florida Credit Union offers money-saving options that let you focus on what matters most.
Debt consolidation is a strategy in which a single loan is used to pay off multiple debts. The proceeds from one loan cover several different balances. That way, it’s only necessary to pay back a single source.
Use the calculator below to see how debt consolidation might help you:
Why Choose Debt Consolidation?
Fewer Payments
Manage one loan instead of multiple balances, simplifying your finances.
Lower Interest
A new interest rate can lower your monthly payments, total interest paid, or both.
Fixed Terms
Reach financial goals steadily by repaying in predictable, budget-friendly installments.
Consider one of these three ways to consolidate debt:
- Using a personal loan
- Taking out a personal line of credit
- Transferring an existing card balance to a lower interest credit card
You also have the option to meet with a financial counselor for free to discuss your needs and create a plan to achieve your goals. Check out GreenPath Financial to get assistance with financial counseling, debt management, and other valuable resources.
Apply for a Loan Today
- Apply Online
- Stop by a branch or schedule an appointment
- By phone — call (800) 766-4328