Enjoy life on your terms!
You can use the funds received from a fixed rate, unsecured loan with Alpena Alcona Area Credit Union anyway you choose. Take your dream vacation, go back to school or refurnish your home – it’s up to you! There are no restrictions on how you use the money – we’re simply happy to help with the financing!
| Loan Type | Rate | APR* | Term | Monthly Payment Amount* |
|---|---|---|---|---|
| Debt Consolidation Loan | 9.200% | 9.202% | up to 54 months | $113.48 |
| Signature Loan | 9.200% | 9.202% | up to 54 months | $113.48 |
| *APR = Annual Percentage Rate. Published rate on date stated is subject to change without notice. Rate stated is “as low as” and not all borrowers may qualify. Rate and APR advertised assumes a FICO Credit Score of 680 or better and an example My $ Loan amount financed of $5,000. The payment examples shown above do not include optional insurance premium amounts, which will increase your monthly payment obligation. Your payment may vary based on the term, credit score and amount financed. | ||||
Will consolidating my debt into a new loan be beneficial?
With interest rates at historical lows, it may make sense to consolidate some of your credit card and other personal debt into a new consolidated loan - perhaps a home-equity loan. Consolidation loans can significantly reduce your required monthly payment because they are generally amortized over 10 or 15 years. Use this debt consolidation calculator to determine how quickly you could get out of debt and how much interest you might save.