Too Much Debt? We Can Help [image-long]

Too Much Debt = STRESS!!

CONGRATULATIONS!! If you are here it means that you are taking the first step to managing your debt and bringing some order back to your finances.

To discuss our debt consolidation options, complete our contact form to have one of our Relationship Officers reach out to you, or contact our loans team as follows:

Hire purchase bills; Multiple Credit Cards; death of a family member, divorce, illness or job loss may cause anyone to rack up considerable debt.

If you’re feeling overwhelmed and STRESSED, you can take control of your finances and get on the path to debt-free living.

We can help make payments more manageable by consolidating your debt into one lower-rate loan. It’s easier to budget for just one monthly payment. And with a lower interest rate, you will pay off the loan faster.

Fix the Rate

Consider consolidating with a personal loan or a home equity loan or line of credit if your credit card debt has become unmanageable or you have loans from a number of sources. Personal loans have fixed rates, which allows you to better plan and manage your loan repayments.

If you own a home, consider a home equity loan or line of credit.

Before taking out any loan, consider your ability to meet the payments. If you default, you could put your home at risk.

Next Steps?

To determine if loan consolidation makes sense for you, be honest about your debt and expenses.

  1. Calculate your total debt and how much you pay each month.

  2. Figure how long it will take to pay off the debt under the current terms.

  3. Compare this to the payment and term length of the consolidation loan.

  4. Consider how this new payment will affect your budget and keep more money in your savings account for emergencies.

Be ready to make some much-needed adjustments to your spending. Consider where you are today financially, and where you’d like to be by the end of a year.

Application Requirements

To apply for a Debt Consolidation Loan you will need to submit the following.

  • Letters/Statements from creditors

  • Bank Statement (employed Persons)

  • Proof of Address

  • One form of photo identification

  • Job Letter (employed persons)

  • Last two (2) months, or last eight (8) weeks’ pay slips (employed persons)

  • Proof of income and statement of affairs (Self-employed persons)

  • Two (2) years Financial Statements (Self-employed persons)

  • Projections for two (2) years (Self-employed persons)

  • Proof of Income Tax Declaration

AffinityPlus Credit Union may request additional information as required before approval of the debt consolidation loan.

LOAN FUNDS WILL BE GIVEN DIRECTLY TO CREDITORS.

Contact Us

To discuss our debt consolidation options, complete our contact form to have one of our Relationship Officers reach out to you, or contact our loans team as follows:

Our team will advise on what is possible after a review of your debts. They will propose an affordable solution that puts you back in control of your finances.