Break free from debt, simplify your finances, and reclaim your peace of mind!
A Members Trust debt consolidation personal loan offers many advantages, especially for members juggling multiple debts.
Streamline Finances –
- Combine multiple debts into one loan, for one monthly payment.
- Reduce the hassle of keeping track of various bills and due dates.
Lower Rate –
- Replace high-interest rate debts such as credit cards, with a single loan that often has a lower, fixed interest rate.
- Save money over time on interest.
Improve Credit Score –
- Paying off multiple high-interest debts can lower your credit utilization ratio.
- On-time payments for the consolidated loan can positively impact your credit score.
Faster Payoff –
- With a lower interest rate and structured payments, you can focus on paying off the principal rather than accruing more interest. Plus, at MTFCU, there’s never a penalty for paying it off early!
- May include a shorter term for a faster payoff.
Reduce Stress –
- A clear repayment plan and fewer financial obligations can alleviate anxiety and financial stress.
- It simplifies communication by dealing with just one lender instead of several.
NO PAYMENTS FOR 90 DAYS1
¹No payments for 90 days for eligible members. First payment will be due 90 days from the closing of the loan. Interest and credit insurance premiums (if applicable) will continue to accrue during the deferred payment period.