Debt Consolidation

Debt Consolidation

Save Time and Money With Debt Consolidation

Have you lost all hope of being debt free?

Do you have debt and need a plan to get out of debt faster?

There is HOPE and we can show you a SIMPLE process on how to achieve your goal. We can help you lower your monthly payments and save you money on interest by consolidating your loans with Schools Financial’s Personal Loan. Our Personal Loan rates start as low as 8.24% APR* for up to 60 months. Click here to apply for a Personal Loan now.

A Personal Loan allows you to:

  • Lower your monthly payments
  • Lower your interest rates
  • Protect your credit score
  • Get out of debt faster
 

How does debt consolidation work?
When you obtain a Personal Loan, you receive a lump sum to pay off your existing debts. Then, instead of managing multiple monthly payments, you can focus on making the one new loan monthly payment for a specified length of time. Most people typically choose debt consolidation to simplify their finances and to save money on interest payments, hence, it makes it easier to pay off debt faster.


What type of debt can you consolidate?
Debt consolidation can be a strong tool to simplify many types of unsecured consumer debt. This includes:

  • Medical bills
  • Credit cards
  • Student loans
  • Payday loans
  • Auto loans
  • Department store cards
  • And more!
 

Personal Loan
 Historically, credit unions offer very low loan interest rates. Credit unions can offer lower rates because they do not have shareholders. Instead, credit unions are owned by their members. Earnings are returned to members in the form of higher savings rates, lower loan rates and lower fees for services. The more you take advantage of what a credit union has to offer, the more you save!
 
The Schools Personal Loan offers a low, fixed rate with a one-time lump sum at funding that is repaid over a predetermined time. Fixed payments help you easily budget all of your finances for the month and can help you get on the right track to pay off your debt quicker. Our Personal Loan gives you the freedom to borrow for just about anything at a low, fixed rate starting at 8.24% APR.* 
 
 
Debt consolidation can end up saving you tons of money in the end. It’s a no brainer!

  • It’s a good idea to pay off high interest rate accounts first. You may also want to obtain a Schools Personal Loan to ease the pressure of your debt.
  • Cut costs where you can by looking online for the best deals for food, activities, lodging, transportation, etc. Buying things at a discounted rate rather than full price is a good habit have and continue.
  • Ultimately, a good rule of thumb is to live on less than you make. If you need to get an extra job to pay off the debt, then try that. Sometimes, it can be an emotional struggle when debt weighs heavily on your mind. Follow through with your game plan, and it will lead to success! 

*APR = Annual Percentage Rate. Representative Payment Example: A $10,000, 60-month loan at 8.24% APR would require 59 payments of $203.96 and one final payment of $203.26

How Does Debt Consolidation Work?

When you obtain a Personal Loan, you receive a lump sum to pay off your existing debts. Then, instead of managing multiple monthly payments, you can focus on making the one new loan monthly payment for a specified length of time. Most people typically choose debt consolidation to simplify their finances and to save money on interest payments, hence, it makes it easier to pay off debt faster.


What type of debt can you consolidate?
Debt consolidation can be a strong tool to simplify many types of unsecured consumer debt. This includes:

  • Medical bills
  • Credit cards
  • Student loans
  • Payday loans
  • Auto loans
  • Department store cards
  • And more!
 

Debt consolidation can end up saving you tons of money in the end. It's a no-brainer!

  • It's a good idea to pay off high interest rate accounts first. You may also want to obtain a Schools Personal Loan to ease the pressure of your debt.
  • Cut costs where you can by looking online for the best deals for food, activities, lodging, transportation, etc. Buying things at a discounted rate rather than full price is a good habit to have and continue.
  • Ultimately, a good rule of thumb is to live on less than you make. If you need to get an extra job to pay off the debt, then try that. Sometimes, it can be an emotional struggle when debt weighs heavily on your mind. Follow through with your game plan, and it will lead to success! 



Apply Now