Right now it’s more important than ever to be savvy about your money. Saving costly interest can create big benefits for you today, and put you in a better financial position in the future. If you’re finding yourself managing multiple loan and credit card payments, that task might be better served with a smarter financial instrument – consider our debt consolidation loan.
Edwards has rates as low as 6.99% APR for 36 months and 7.99% APR for 48 months.
Taking out a single lower-interest loan to pay off multiple higher-interest loans and credit cards could allow you to put more of your hard-earned money toward principal payments rather than costly interest. It’s a way that you can streamline your bills. Consolidating can also make it easier to keep track of multiple payments since you would be making less payments each month for your debt. This should make it easier to manage your finances, avoid missed payments or late fees, and could even help your credit rating.
Top Reasons for Using a Debt Consolidation Loan:
• Replace high-interest credit card balances with a simple, monthly loan payment
• May reduce the cost of your overall monthly payments
• Could help your Credit Score
• May expedite your payoff
Call us at 661-952-5945 or stop by a branch today to discuss how this strategy might work for you!
* APR = Annual Percentage Rate. 6.99% APR is the preferred rate for loan amounts of $500 to $25,000 for up to 36 months, at this rate and term, your monthly payment would be $30.88 for each $1,000 borrowed. 7.99% APR is the preferred rate for loan amounts of $5,000 to $25,000 for up to 48 months, at this rate and term, your monthly payment would be $24.32 for each $1,000 borrowed. Not all members may qualify for the preferred rates; other rates and terms may apply. All loans subject to credit approval. Loan offer valid January 1, 2023 through March 31, 2023. Loan proceeds may not be used to refinance existing Edwards Federal Credit Union loans.