Debt Consolidation Calculator
Are you struggling with high‑interest credit cards and wondering about debt consolidation?
How does a debt consolidation loan work?
Debt consolidation loan considerations
- Rates can vary from lender to lender, so compare the terms and payment amounts of different offers.
- Debt consolidation is not an effective option for those whose debts are too high and those who may have underlying financial issues.
- The better your credit, the more likely you will get a larger loan amount with a lower interest rate.
Learn more about consolidating your credit card and other debts into a TDECU personal loan.
Why choose a Balance Transfer?
Take control of your finances with a TDECU Balance Transfer
- Consolidate debt
- Simplify your payments
- Pay down balances at a lower interest rate2
- Avoid paying higher interest charges
1Our financial calculators are provided as a free service to our Members. The information these calculators supply is from various sources based on calculations we believe to be reliable (but are not guaranteed, explicit, or implied) regarding their accuracy or applicability to your specific circumstances. All examples are hypothetical and illustrative and do not intend to provide investment advice. TDECU does not accept any liability for loss or damage whatsoever, which may be attributable to the reliance on and use of the calculators. Use of any calculator constitutes acceptance of the terms of this agreement. TDECU recommends finding a qualified professional for advice about your personal finance issues.
2One of the benefits of transferring an existing balance to a TDECU credit card is our 0% APR introductory offer for 12 months if the balance transfer is applied for within 30 days of account opening. After the introductory offer term, you will have to pay interest on the remaining balance. Read your card’s terms and conditions carefully to understand the change to your APR after the 12-month period. Members that apply for a new TDECU credit card will be granted the APR disclosed at the time of credit card account approval for future purchases. Rewards and/or rebates are not eligible with this offer. Payments made to your account will be applied first to any finance charges/interest and other fees due and then to the unpaid principal balance with the highest APRs. Balance transfers cannot be used for paying on existing TDECU credit card or loan balances.