Could Debt Consolidation Work for You?

Juggling multiple bills, credit cards payments and loan repayments each month can feel overwhelming. If you’re finding it hard to keep track of different due dates and interest rates, you’re not alone.

Here at First Tech Credit Union, we believe in helping our members find financial peace of mind. One way we can do that is by simplifying your finances with a Debt Consolidation Loan.

What is a Debt Consolidation Loan?

It’s a simple concept: you take out one new loan with us to pay off your other existing debts. This means you replace multiple payments from different lenders with one single, manageable monthly payment from First Tech.

How could it help you?

• One Single Monthly Payment: No more missing due dates. Just one straightforward, often smaller monthly payment, than you’re currently paying.

This is the most immediate benefit. Instead of tracking multiple due dates for different payments and juggling different minimum payments, you now have one fixed payment, on one fixed date, to one lender.

This greatly reduces the mental load and the risk of missing a payment, which can result in costly late fees and damage to your credit score.

• Potentially Save Money: This is often the primary goal. By consolidating multiple higher-interest debts (like credit cards) into a single loan with our competitive rate, you could reduce the total amount of interest you pay each month.
• Easier Budgeting: Knowing exactly what you need to pay each month makes it simpler to plan your finances and get back on track.
• A Clear Path to Becoming Debt-Free: Consolidation creates a clear, predictable path out of debt. Knowing you have a single, manageable payment and a fixed end date provides a sense of control and you can see the light at the end of the tunnel.

Our Debt Consolidation Loan* comes with easy repayment options and loan protection insurance at no extra cost.

Call us today on 01 642 7900 to find out more.

*Lending Criteria Terms & Conditions Apply. Performing Debts only.