Get the cash you need (up to $30,000**) at a rate you’ll love and pay No Fees.
MECU wants to make it easy to get the cash you need to pay off high-interest debt like credit cards and personal loans. Consolidating your bills with MECU could lower your monthly payments, save you money on interest and pay down your debt faster!
To learn more call: 800-373-2914
With a Personal and Home Equity Loan, you can consolidate most any debt from high-interest credit and store cards to medical bills, personal loans, payday loans, and more..
With a Credit Card Balance Transfer, MECU will pay off the balances due on your credit cards and transfer the balance to your MECU Credit Card.
*APR = Annual Percentage Rate. Certain conditions apply. Ask for more details
** The minimum loan amount may be higher and the maximum loan amount may be lower than stated above depending on the loan type and your credit score, income, debit-to-income and total unsecured debt with MECU. Other terms and conditions may apply. Subject to credit approval and membership eligibility.
1 “Your High-Interest Debt” Example: includes one major credit card, two store cards and a personal line of credit. Major credit card - $5,000 balance at 18.00% APR and a minimum monthly payment of $200. Store card #1 - $3,000 balance at 21.00% APR and a minimum monthly payment of $120. Store card #2 - $3,500 balance at 22.00% APR with a minimum monthly payment of $140. Personal line of credit - $8,500 balance at 9.40% APR with a minimum monthly payment of $340.
2 “MECU Personal Loan” Example: based on a $20,000 loan amount at 12.24% APR with a 60-month repayment term and a $446.91 monthly payment.
3 “MECU Home Equity Loan” Example: based on a $20,000 loan amount at 4.49% APR (maximum loan-to-value ratio of 80%) with a 60-month repayment term and a $372.86 monthly payment.