Thank you for visiting JSC Federal Credit Union (JSC FCU), where we treat our members with the utmost respect and professionalism. We embrace the idea that people should have control over their finances, whether that means depositing money, creating savings, borrowing for personal or business reasons, using consolidation loans or anything else. We offer a variety of financial options so that you can have the control you need and the power to stay ahead of the game.
Understanding Loan Consolidation Options
One of the top ways to deal with outstanding debt is to take multiple outstanding debt and consolidate them into one focal point. For example, four small loans could become one larger consolidation loan, with the total balance of all of the smaller ones. Those smaller loans are then paid off with your consolidation loan here at the Credit Union.
There are a ton of advantages to consolidation loans, and many of them just relate to convenience. You only have to remember to make one payment per month. You can make the payment with just a few clicks online. You can view the balances of your loan, checking and savings accounts, and have the ability to make a payment all online. Everything is transparent and easy to understand.
There are also some advantages that are a bit more specific to loan consolidation. When you consolidate debt, you can often get a new rate, for example. You may have one loan with a good rate, but the other three have very high rates and you're paying too much. To save money, our bill consolidation loans could come with a lower overall rate. You still pay off what you owe, but you don't pay as much in interest each time.
On top of that, consolidation loans are often for longer time periods, making the payments manageable. For instance, your loans may be due every month until they are paid off at the end of the year. Your monthly income may not be able to keep up with your current monthly loan payments. But with the new loan, you may end up with one payment that is smaller than the total of the four previous payments. Once again, this is a great way to take care of all of the original debt—it's not being washed away, damaging your credit score—in a way that reduces the burden on you. Many people in Houston and the surrounding areas turn to our debt consolidation loans for just this purpose.
Contact Us Now
We would love to hear from you to find out more about your financial situation. We can give you specific rate quotes, tell you about our terms and options, explain why our members love working with JSC Federal Credit Union, or answer your specific questions about consolidation loans. If you'd like to get this process started, we encourage you to call or visit one of our branches around Houston today!