Debt consolidation

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Becoming debt free: consolidate your debt

Consolidating debt is not for everyone, but if you are someone who can benefit from unifying some or all of your debt into one loan, learn more with our calculator, “Should I consolidate my loans?”

Should you consolidate your loans?

  • Use it to compute the actual cost of consolidating debt. It will also help you figure out which debt to consolidate.

Avoid debt consolidation pitfalls

Debt consolidation can be a life preserver or an anchor, depending on how you go about it. The following are some pitfalls to avoid.

  • Consolidate the right debt
    Scrutinize the interest rates you are paying on your debt. High-rate loans – like many credit cards – are obvious choices for consolidation, but loans with low interest rates – like some types of student loans – should not be consolidated.
  • Address your debt demons
    Debt consolidation is a tool, not a cure-all. If your spending habits are out of control, you need to address that before you take out a consolidation loan. If you don’t, you could end up even deeper in debt. Use the links on this page to access free tools to help you understand and manage your money wisely.
  • Research your options
    Understand the risks and benefits of all your options before you choose the loan that is best for you. If you need help, credit union representatives can help you figure out which loan type will most benefit you.

Consider these loans to consolidate your debt:

Consolidate debt today
| Call 800-732-0173 | Visit a branch |

Oregon State Credit Union ©2017 Oregon State Credit Union

  • PO Box 306
  • Corvallis, OR 97339
  • Phone: 800-732-0173

Routing number : 323274270