Heritage Family Credit Union- Debt Consolidation Loans

What You Owe Doesn’t Need to Own You

Debt Consolidation Loans

Stop Letting Debt Define You

Sometimes debt feels like a weight you can’t drop. It can make you wake up every day thinking you’ll always be buried by bills and go to bed at night worried that you’ll never get ahead.

But it doesn’t have to be that way:

If you’re ready to kick debt out of the driver’s seat and take back control of your finances, talk with a local lender about a debt consolidation loan. It can lower monthly payments and make debt feel doable.

HERE'S HOW:

Lower Rate

The average credit card rate is over 20.00% APR. ¹ Your debt consolidation loan rate can be half that.

Single Payment

Stop worrying about missing a payment. Budget for a single loan payment each month, making cash flow easier to manage.

Defined Term

With your debt consolidation loan, you’ll have a definite payoff date. Never wonder about when your debt will be paid off.

I'm Ready to Apply

How Does Debt Consolidation Work?

Wondering how taking on more debt helps get you out of debt? With a debt consolidation loan, you pay off your higher-rate credit cards – leaving you with a simpler single payment at a lower rate.

Your money gets easier to manage. And your financial future looks a little brighter without the weight of never-ending debt.

Step 1

Add up your credit card debt.

Step 2

Apply for a debt consolidation personal loan in an amount equal to your total credit card debt.

Step 3

Use your loan proceeds to pay off your credit cards.

Step 4

Curb your card use – don't build those balances back up again.

I'm Ready to Apply

Table data for Consumer Loan Rates
Effective 01-10-2026
Account Type ²	APR as low as ³	Term	Payment Per $1,000 ⁴
Unsecured	9.99%	60 Months	$21.24

Please click on footnotes within the table or visit the bottom of the page to review important disclosures.

I'm Ready to Apply

Unsecured personal loan terms range from 1 to 60 months. There is no penalty for early repayment. There is a minimum amount of $500.00 per loan request. Total cost of a $500.00 loan at a term of 12 months with an Annual Percentage Rate (APR) of 10.70% would be $531.34, with a monthly payment of $44.28. Maximum APR for unsecured personal loans is 18.00%. Total cost of a $10,000.00 loan at a term of 60 months with an APR of 18.00% would be $15,329.37, with a monthly payment of $255.50. A member may opt to add debt protection coverage to protect their loan which would incur additional charges not included in these examples.

Here's How to Apply

Gather Your Documents

You’ll need your valid, government-issued ID, your credit card account information, and your payoff amounts.

Become a Member

HFCU is a member-owned credit union. We operate just like a bank, but we’re owned by our members. Part of your loan approval will include becoming a member.

Get Your Decision

Our lending team is local, which means you’ll have a fast decision and local support if you need it.

Pay Off Your Cards

You’ll get checks to mail directly to your credit card issuer to pay off your balances. Monitor your cards after you pay them off to ensure no lingering interest charges show up.

Disclosures

¹ https://www.bankrate.com/credit-cards/advice/current-interest-rates/

² APR = Annual Percentage Rate. Advertised rates are “as low as” and are available to credit union members in good standing. Actual rate will vary and is dependent on a review of your credit qualifications. Rate subject to change without notice. Initial $25.00 deposit for membership required.

³ APR = Annual Percentage Rate.

⁴ All rates subject to change without notice. Initial $25.00 deposit for membership required. Additional restrictions apply.