Shrink your holiday debt

Start 2024 On the Right Financial Track!

The holidays have come and gone, and while the season was fun – your budget was likely shaken up a bit. Not to worry. It’s easy to get back on track with a simple process called debt consolidation.

Debt consolidation allows you to easily turn multiple high-interest loans and credit cards into a single, more affordable loan. You’ll instantly save on interest payments and most members eliminate their debt quicker.

How Debt Consolidation Works

Imagine you have 3 credit cards with different balances and rates:

Credit CardOutstanding BalanceInterest Rate
Card #1 $1,000 22% APR
Card #2 $3,500 15% APR
Card #3 $2,500 19% APR

Your total outstanding balance is $7,000. You can transfer all these high-interest balances to a low-rate Tampa Postal Platinum Mastercard.

Then, you only have one card to manage instead of three – and you’ll benefit from Tampa Postal’s FIXED Interest Rates as low as 8.99% APR.* The rates will never increase no matter what the Federal Reserve or economy do!

Eliminate Debt Even Quicker

Another option is to consolidate your debt into a new debt consolidation loan. These loans function like a personal loan where you have a set monthly payment. This feature typically helps members eliminate their outstanding balances much faster than with credit cards.

 

It’s Time to Get Started!

Start the new year off on the right financial track. Consolidate high-interest balances today and set 2024 up to be your best year yet.

For more information on debt consolidation and to see how much you could save, please stop by any branch location, call 800.782.4899 to speak with a team member, or apply online 24/7.


*APR = Annual Percentage Rate. Rates subject to change without notice. Rate received is based upon individual’s creditworthiness. Some restrictions apply. Contact credit union for complete details.