When Times Get Tough
When Times Get Tough When emergencies and unexpected situations strike,...
WHAT IS DEBT CONSOLIDATION?
High-interest
Credit Card Balances
Multiple Credit Cards
or Loans
Medical or
Personal Debt
Several Monthly
Payments
Debt You’re Ready
to Pay Down
EVERY SITUATION IS DIFFERENT
The best option depends on how much you owe, your current interest rates, your credit, whether you own a home, and your overall financial situation.
Personal or
Signature Loan
One loan. One Payment. A clear path forward.
If you’re ready to pay down your debt, a Solidarity Signature Loan may give you a straightforward way to combine multiple balances without putting up collateral.
- Credit limits up to $15,000
- Repayment terms up to 60 months depending on the amount borrowed
- No collateral required
- A defined path toward paying it off
Personal
Line of Credit
Flexible access when you need it.
A Solidarity Personal Line of Credit gives you access to an approved amount of money without requiring collateral. Unlike a traditional loan, it’s revolving, meaning you can continue to access available funds as you pay down your balance
- Credit limits up to $15,000
- Revolving line of credit
- No home collateral required
- Flexibility to access funds as needed
Home Equity
Line of Credit (HELOC)
Put your home’s equity to work.
A Solidarity Home Equity Line of Credit (HELOC) allows you to borrow against the equity in your home and may be a good option for larger balances or higher interest debt.
- Use your home’s equit
- Often lower rates
- Revolving access to funds
- May be a good option for larger balances
Learn More
Important
A HELOC is secured by your home. Using home equity to pay unsecured debt means your home becomes collateral for that debt.
NOT SURE WHICH ONE YOU NEED?
That’s exactly
why we’re here.
You don’t have to walk into Solidarity knowing whether you need a Signature Loan, Personal Line of Credit, or HELOC. Start with the problem. We’ll help you look at the options and find a solution that fits your goals.
A QUICK GUIDE
Here’s a simple way to think about it. Every situation is different, but this can help you get started.
If you’re looking to…
Consider exploring…
Combine debt with a defined payoff period
Personal/Signature Loan
Consolidate debt while keeping access to a credit line
Personal Line of Credit
Use home equity for larger balances
Home Equity Line of Credit
Still aren’t sure
Bring Us Your Debt.
Let’s see if there’s a better way to pay it.
Gather your current balances, monthly payments, and interest rates and come talk with us. We’ll help you look at the bigger picture and explore whether consolidating your debt could simplify your payments and potentially save you money.
LEARN MORE ABOUT MANAGING YOUR DEBT
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All loans are subject to credit approval and underwriting guidelines. Rates, terms and conditions vary based on loan type, creditworthiness and other factors. Credit limits and loan terms are subject to qualification. A Home Equity Line of Credit is secured by your home; failure to repay could result in the loss of your home. Debt consolidation may not reduce your total cost of borrowing or monthly payment in every situation. Additional terms and conditions may apply.
Federally insured by NCUA. Equal Housing Lender. NMLS #804855
