|
|
|
|
Home
> Tips
and Tools > Debt
Consolidation
 |
 |
Debt Consolidation
Debt consolidation is a great
way to take charge of your financial affairs. We offer
a variety of loan programs that allow you to completely
pay off high-interest rate credit cards and other unsecured
debt with tax-deductible loans. The table below illustrates
an example of a “typical” debt consolidation
loan. Contact us (9) to learn more about a custom loan
package to consolidate your debts.
| Example
of a Typical Debt Consolidation Loan |
| Example |
Balance |
Monthly Payment |
| Credit Card #1 |
$7,030 |
$118 |
| Credit Card #2 |
$6,960 |
$121 |
| Revolving Charge |
$4,563 |
$125 |
| Personal Loan |
$2,500 |
$53 |
| Line of Credit |
$3,500 |
$105 |
| |
|
|
| Balance |
$24,553 |
$522 |
| New Loan Payment |
|
$163 |
| A Savings of $359 per month! |
| *Based on rates as of 4/10/06 and
credit qualifications. |
|
| |
|
|
