Debt Consolidation

Simplified Monthly Obligation

Decreased Monthly Payments

Huge Savings from Lowered Interest

 

Details

   Up to $20,000.00

   Up to an 84 Month Term

   As low as 9.99% APR

   Paid Directly to existing Debt

What can YOU save?

Take a look at the average household:

Average National Debt

0
Per Household
Average Credit Card Rate

0
% APR
Initial Monthly Payment 

0
Calculated by Interest + 1% Principle
Total Interest Paid 

0
Over 337 months
LIRFCU Rate

0
% APR | as low as

 

Monthly Payment

0
Scheduled Payment

 

Total Interest

0
Over 84 months

 

Saved Interest Payments

0
Difference In Total Interest

 

*
Average Rates

The above example is based on the National Average of Credit Card Debt , and the Average Credit Card Rate provided by the linked ourside agencies. LIRFCU's debt consolidation is up to $20,000.00, for up to 84 months, as low as 9.99% APR (Annual Percentage Rate). Final interest costs may vary if a borrower chooses to pay more than the calculated minimum payment, or if the borrower chooses to pay more than scheduled towards their debt consolidation loan. Please contact us with any questions. 

What are you waiting for?

Current Debt Consolidation Rates

60 Months

9.99 %

APR∗

$21.25

Price per Thousand

72 Months

9.99 %

APR∗

$18.53

Price per Thousand

84 Months

9.99 %

APR∗

$16.60

Price per Thousand
More Terms Avaliable

12 Months

9.99 %

APR∗

$87.90

Price per Thousand

24 Months

9.99 %

APR∗

$46.14

Price per Thousand

36 Months

9.99 %

APR∗

$32.26

Price per Thousand

48 Months

9.99 %

APR∗

$25.36

Price per Thousand

Frequently Asked Questions:

Is this loan only for people with perfect credit?
Is this loan only for people with perfect credit?

Our loans, like with any institution, go through an approval process that looks at a persons credit history. You do not need perfect credit to get approved for our Loans. Our loans can be made available to people with average or even below-average credit. Of course, credit score and history is not the only thing we at for when our members apply for a loan. Income and existing obligations are also taken into consideration. That being said the offered interest rate may vary slightly from one approved loan to another because of the higher risk associated with having a lower credit score.

It is our hope that this Debt Consolidation Program can help you more easily manage your debts, leading to improved credit.

How do my debts get paid after I complete the Loan?
How do my debts get paid after I complete the Loan?

After completing the loan paperwork, the credit union will forward payment to your current lenders, based on the information you've provided, on your behalf. 

Are there Prepayment Penalties?
Are there Prepayment Penalties?

No. We have no prepayment penalties on any of our Personal, Auto, Debt or Share-Secured loans. For example, if you pay the entire loan off after one month, you will only pay the interest that accrued over that period of time. 

 

Other Questions?

Click to Learn More:

Auto Loans

LIRFCU offers a range of Automobile Loans:

  1. New & Used Purchase
  2. Private or Dealer Sales
  3. Lease Buyout & Refinances
  4. Equity Cash-Outs

 

Learn More

Auto Loans

Personal Loans

LIRFCU Whether for Vacation, Home Improvement, or Bills, our flexible personal loan program is perfect to get you the funds you need.  

Learn More

Personal Loans

Debt Consolidation

Save yourself the hassle and interest, consolidate your high interest cards and debts into one lower-interest easy-to-manage debt consolidation loan.

 

Learn More

Debt Consolidation

Mortgages

Our In-House mortgage programs provide you with a diverse options of home lending, from 1st Mortgages of up to 50 year terms, home equity loans, and short term investor mortgages.

Learn More

Mortgages

Share-Secured Loans

A Share-Secured Loan is a way to borrow against your own funds. Many choose this option to take advantage of a lower interest rate while still earning our high savings interest, or, to make sure they repay themselves. 

 

Learn More

Share-Secured Loans

Boat Loans

We are happy to offer Boat Loans to our members, and help them enjoy that aspect of being an Islander!

Learn More

Boat Loans