Debt Consolidation
Consolidation: Your Debt Solution
Having many different credit cards is very often the norm these days. It can easily become overwhelming. With bills piling up and interest and finance charges mounting, you may feel like you will never get out of debt.
One way to avoid credit card debt is to pay off your balances each month, but we know that’s easier said than done. So, what else can you do? Consolidating all your credit card debt onto one reliable, low-interest payment is a good way to get your debt under control.
VyStar offers several different programs to help our members improve their financial well-being and eliminate high-interest credit card debt, including our Money Makeover program and free financial counseling.
We also have lending solutions that could assist you in consolidating your debt:
| Signature Loan |
A signature loan offers a fixed rate, payment and term to eliminate your revolving debt.
At VyStar, a personal signature loan is just that: personal. Once approved, you may use the money for almost anything you wish. It’s quick and easy to apply, with no collateral required.
VyStar members can enjoy:
- Low, competitive fixed rate
- Flexible repayment terms
- Quick approval
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| Auto Loan |
An auto loan offers a fixed rate, payment and term using equity in your auto to consolidate your unsecured debt. Often offers a lower interest rate than unsecured debt consolidation options.
At VyStar, we believe that your auto loan, like your car itself, should be dependable, within your budget and take you exactly where you want to go.
VyStar offers several different auto loan options to qualified members to fit every lifestyle, each with low rates and affordable payments, easy application and approval, flexible terms to fit your budget and more.
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| Home Equity Loan or Second Mortgage |
A home equity loan or second mortgage offers the option to utilize equity in your home for consolidating unsecured debt into one manageable payment. It often offers a lower interest rate than unsecured debt consolidation options.
VyStar offers fixed rate home equity loan programs based on the percentage of the home’s value you are borrowing or loan-to-value ratio. Enjoy a low rate and affordable payments. |
| VyStar Credit Card |
Consolidating your debt by transferring your credit card balances to one lower-rate credit card can help you save money on interest. Plus, it makes it easier to keep track of what you owe, since you receive only one monthly bill versus multiple statements.
Compared with our competitors, VyStar credit card rates remain consistently low. There are no fees on many of our services and no fine-print surprises.
Our credit card holders also enjoy:
- No annual fee
- No balance transfer fee
- No minimum finance charge
- No transaction fee
- No rate increase penalties
- No cash advance fee
- Free electronic payment service
- Free security monitoring
- Free travel accident insurance
- Worldwide acceptance
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With VyStar, you’ll enjoy the added benefit of working with your credit union representatives, who are focused on your financial well-being. As a not-for-profit, we’re here to serve you.
To apply for a consolidation loan or limit increase to your credit card, contact us at (904) 777-6000, option 3, 1 (800) 445-6289, option 3, or stop by any VyStar branch. Existing VyStar members may also apply via Internet Banking.
All loans are subject to credit approval. All rates are based on an evaluation of the member’s individual credit history. Terms are subject to conditions and verification restrictions may apply. All credit union programs, rates, terms and conditions are subject to change at any time without prior notice.
Please note: The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.