FINANCIAL ADVICE 

Managing Debt

Tackle debt before it tackles your credit


Try Consolidating Your Payments

Nobody ever intends to get in over their head with debt, but it happens. And when it does happen, the best strategy is to be as proactive as possible and protect your credit score. So talk to your lenders before you miss any payments. Determine what options are available to you, such as consolidation loans.

Loan Debt Consolidation Options

Consolidate Debt in a Home Equity Loan

If you have enough available equity in your home and are looking to consolidate more than $25,000, you might want to consider a home equity loan. You borrow against the available home equity you have and receive cash to pay off your debt, at interest rates well below credit cards’.

Consolidate Debt With a Vehicle Title Loan

Vehicle Title Loans work like Home Equity Loans, except with your car. You borrow back a percentage of your car's value, and then use the money to pay off other debt. Your car has to be a newer model and you must owe less than its value. But our interest rates often beat credit cards’ by a lot!

Rebuild Your Credit With a Secured Loan

If you allow your debt to get the better of you, it can wreak havoc on your credit score. Rebuild that score with a secured loan from CUTX. Use your savings account or CD as collateral. The accounts are frozen while you use the funds, but released when you repay the loan.

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