Pay off high cost debt with low cost alternatives from TCU
Did you charge it up during the holiday season? Are your credit cards and store accounts maxed out? Are you going to have to dip into savings to make payments?
If holiday bills have you feeling blue, give us a call. Seriously! We can help you cut those monthly payments down to size by trading them in for a lower rate, fewer fees, and a pay off schedule that works for you.
This is the easiest way to retire high cost debt. Just use your TCU MasterCard to pay off higher rate cards. With no annual fee, a 25-day grace period, and a rate as low as 9.99% APR for both purchases and cash advances, this is the hard working credit card you should switch to and stick with!*
*Annual Percentage Rate as of 1-1-15. Actual rate is determined by your credit qualifications. Grace period is 25 days when you pay off your balance in full in both current and previous billing periods. There is no grace period for cash advances.
Signature Loan or Personal Line of Credit
Your good credit can secure the low cost loan you need to pay off high cost debt. A Signature Loan can give you the lump sum of cash you need, while a Personal Line of Credit provides you with an ongoing source of low cost funds.
Home Equity Loan or Line of Credit
If you’re a homeowner, you can get a lower rate and longer repayment schedule—which gives you a smaller payment—when the equity in your home secures the loan you need. Furthermore, the interest you pay is usually tax deductible, which cuts costs even more. (Check with your tax advisor.)
Refinanced Home Loan
If you haven’t already refinanced at today’s low rates, doing so now can not only cut your monthly payments, it can be used to pay off your other debt. Just think of owning your home free and clear years sooner than you imagined…and being free of debt, too! You might be amazed at what’s possible!
It can be a challenge to sort out your options and choose the best one. That’s why we encourage you to give us a call at 503-251-2390 or toll free 800-547-7657 and ask us to run the numbers for you. You’ll always get a straight answer at your credit union!