Debt Consolidation Loans
A debt consolidation loan is a personal loan used to simplify your payments, reduce interest rates, and regain control of your finances.
Advantages of Debt Consolidation Loans
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Borrow up to $15k
Borrow up to $15,000 and access the funds you need for consolidating high-interest debts.
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No Prepayment Penalties
Enjoy the freedom of paying off your loan ahead of schedule without any additional costs.
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Skip-A-Pay Program
You have the option to skip one monthly payment if you need some extra cash for other expenses.
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No Application Fees
Take advantage of no application fees or other hidden fees when applying for a debt consolidation loan.
Our Debt Consolidation Loan Rates
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Term |
APR as low as* |
Payment per $1,000 borrowed |
|---|---|---|
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Stated rates are 0.50% higher without automatic payment of loan. * APR = Annual Percentage Rate. APR is determined by Credit Score and actual rates may vary. All rates/APRs listed are accurate as of the effective date and are subject to change without notice. Please contact a Jeanne D’Arc Credit Union Member Service Representative for more information about applicable fees and terms. |
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Term 1 Year |
APR as low as* 9.99% |
Payment per $1,000 borrowed $87.91 |
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Term 2 Years |
APR as low as* 10.99% |
Payment per $1,000 borrowed $46.60 |
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Term 3 Years |
APR as low as* 11.99% |
Payment per $1,000 borrowed $33.21 |
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Term 4 Years |
APR as low as* 12.99% |
Payment per $1,000 borrowed $26.82 |
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Everything You Need to Know about Debt Consolidation Loans
A debt consolidation loan is simply a personal loan used to consolidate debt. You’ll get similar terms and conditions as with any other Jeanne D’arc personal loan, which makes everything much easier!
- Receive a specified amount of money to be repaid back in installments.
- Enjoy a set monthly payment that includes interest and principal.
- Rates as low as 9.00%.
- Fixed rate.
- Up to $15,000 loan amount.
- Automatic payments required for MoneyStrong and for 0.50% Rate Discount.
- 1-4 year terms.
- We’ll deposit the funds into your preferred Checking or Savings Account, or generate a check.
Take advantage of the many benefits you’ll get from getting a personal loan from Jeanne D’Arc Credit Union to consolidate your debt. Click below to apply!
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Take Advantage of These Debt Consolidation Loan Features
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Flexible Loan Amounts
Borrow the specific amount you need (up to $15k) to consolidate your debts.
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Competitive Interest Rates
Enjoy competitive interest rates that help you save money and pay off your debt more efficiently.
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Repayment Terms
We offer a range of repayment terms so you can find the option that’s right for your finances.
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Easy Application Process
Applying online is easy. Simply follow the instructions in our secured application form.
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Secured or Unsecured Loans
Take advantage of a secured or unsecured loan that best suits your current financial situation and credit history.
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Personalized Customer Service
We’ll guide you throughout your debt consolidation journey and answer any questions you may have.
Applying for a Debt Consolidation Loan Is Easy as 1-2-3!
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Step 1
Gather Your Details Collect your personal info and documents.
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Step 2
Apply Online Complete a quick online application or visit your local branch.
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Step 3
Receive Your Funds If approved, we’ll deposit the funds into your account or give you a check.
Lola A.Jeanne D’Arc gets customer service right. I do all of my banking with Jeanne D’Arc and I have one of their credit cards. I’m also applying for a car loan and they’re great because they approve within the same business day. The staff are friendly and happy to answer any of your questions.
FAQs about Debt Consolidation Loans
A debt consolidation loan is a personal loan used to combine multiple debts into a single loan, simplifying repayments and potentially lowering interest rates.
A debt consolidation loan from Jeanne D’Arc Credit Union can benefit you by simplifying your finances, reducing interest rates, and providing a clear repayment plan to help you regain control of your debts.
Other benefits are:
- Credit Unions normally offer lower loan rates than other financial institutions. A lower rate means more money goes toward your loan principal to help you repay your loan faster.
- You’re more likely to enjoy personalized customer service at a credit union than anywhere else. We strive to see you accomplish all your financial goals, and we’ll guide you throughout your debt consolidation journey.
Applying for a debt consolidation loan may result in a slight, temporary decrease in your credit score. However, after you start making on-time monthly payments your credit score may go back up over time.
You can typically use a debt consolidation loan to consolidate various types of debt, such as credit card debt, personal loans, medical bills, or other unsecured debts. However, it’s essential to check for specific requirements.
While debt consolidation loans offer benefits, there are potential risks. It’s important to ensure that the new loan’s terms, including interest rates and fees, will help you get back on track with your finances. Also, you should avoid taking on additional debt while repaying the consolidation loan to avoid ending up with too much debt.