Swap High-Interest Debts for Low-Cost CU Loans
Consumers have spent the Great Recession paying down debts. Evidence shows that savings have risen as debt has fallen, and that’s a good thing.
Still, many people continue to struggle with high debt levels. If you’re in that situation, maybe it’s time to look at your debts in a new way.
If you qualify, you’ll make better progress retiring those old debts by swapping them in for lower rate credit union loans. For example, nationally, credit union credit card rates are more than two percentage points less than other cards. For new auto loans, the rate difference averages just shy of two percentage points.
Bring your high-interest debts to a Coosa Pines FCU loan officer, or apply online through Virtual Branch. There’s a very good chance you’ll be able to reduce your interest rate, and that will make your payments go further and reduce your bills faster.
You can do better at your credit union! Swap out your high-interest rate loans for fair-rate credit union loans.