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Credit Card Calculators

Manage your credit card debt responsibly to build better credit

Debt Consolidation Calculator

Are you struggling with high-interest credit cards and wondering about debt consolidation?

Use this calculator to see how much you could save by consolidating your debt into a personal loan. Enter information about the credit cards and loans you want to consolidate, and the interest rate and term for the loan you plan to use to consolidate your debts.1
Consolidated Loan Information
Credit Card 1
Credit Card 2
Credit Card 3
Credit Card 4
Auto Loan 1
Auto Loan 2
Boat/RV Loan
Other Loan 1
Other Loan 2
Other Loan 3
Results
 
1Our financial calculators are provided as a free service to our Members. The information supplied by these calculators 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 are for illustrative purposes only, and are not intended 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 that you find a qualified professional for advice regarding your personal finance issues.

Are you considering debt consolidation?

Wondering if debt consolidation is right for you? With debt consolidation, all of your applicable debts are rolled into a single loan with a manageable interest rate. Most debts can be consolidated, including credit cards, medical bills, and other unsecured debts. By consolidating your debts, you can typically save on interest and get out of debt faster.
How does a debt consolidation loan work?

How does a debt consolidation loan work?

Debt consolidation is just one way to reduce your debt and it can be a very effective way to manage the debt repayment process. To qualify for a debt consolidation loan, you need to have a steady, verifiable income that can support the monthly payment, and you can’t be in bankruptcy or foreclosure. Your interest rate and the loan amount will depend on your credit rating and your debt-to-income ratio. If you have a strong credit score, you will often qualify for a bigger loan, however, those with fair credit can often qualify for smaller loans with higher interest rates.
Debt consolidation loan considerations

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 is, the more likely it is that you’ll 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?
Why choose a Balance Transfer?

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 rate
  • Avoid paying higher interest charges
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