Consolidating Your Loans
Types of debt consolidation and when to consider it

There are two primary ways to consolidate your debt:
- Get a low interest balance-transfer credit card. Transfer all your high-interest debts onto this card and pay the balance in full during the promotional period.
- Get a low fixed-rate loan. Use the money from the loan to pay off your debt, then pay back the loan in installments over a set term. Your credit score will be a major qualifying factor in approval and interest rate.
When is debt consolidation a good idea?
- Your credit score is high enough to qualify for a low-interest rate.
- Your cash flow can consistently cover payments toward your debts.
- You can pay it off within the terms of the agreement or promotional dates.
For those of us who feel trapped by debt, consolidation can feel like the light at the end of the tunnel. At Credit Human we’re committed to helping our members build financial slack and stress less. Find more information about Credit Human’s credit cards and personal loans available to help consolidate your debt or visit your neighborhood Financial Health Center for personalized guidance on all your financial needs.

Changing Our Behaviors to Save
Using a tried-and-true model to create sustainable change in our financial habits.
Read More
Essential ATM and ITM Safety Tips
Understand their differences and learn best safety practices
Read More
Sensible Spend: A Safe and Affordable Product
Giving members mainstream access to manage their money safely
Read More