It's time to give your debt a reset.
High-interest credit card debt is so 2023.
Consolidate and save with a Cross Valley Personal Loan.
Consolidate your high-rate credit card debt into a single monthly payment with a rate as low as 7.50% APR¹ or a term of up to 72 months² and up to $25,000² available to make it happen. We’re offering a fraction of the rate most credit cards charge, so it gives you a lot more room to breathe (and smile).
Interest rates by the numbers.
Average United States consumer credit card interest rate shown is accurate as of January 10, 2024 and was sourced via Forbes.com. Rates displayed, including Cross Valley’s, may change without notice and their accuracy cannot be guaranteed. APY = Annual Percentage Yield.
The numbers don’t lie.
Credit card rates in the United States right now are pretty high. In fact, they’ve been going up for some time. If these increases are making it harder for you to get out of debt, consider our Personal Loan to pay off those balances at a significantly lower rate.
Bundle all of those payments into one much smaller one (that you can more easily afford), help improve your credit score and pay off those card balances once and for all.
- Sounds counter-intuitive, huh? Let us explain. Using a low-rate personal loan to consolidate debt can potentially offer several benefits:
- Simplified Budgeting: Instead of managing multiple debts with varying interest rates and due dates, a personal loan allows you to consolidate your debts into a single monthly payment. This can make it easier to keep track of and manage your finances.
- Lower Interest Rate: If you qualify for a personal loan with a lower interest rate compared to your existing debts, you could save serious money on interest payments over time. This is particularly beneficial if you have high-interest credit card debt.
- Fixed Repayment Terms: Personal loans are typically fixed-term loans, providing a clear timeline of when your debt will be paid in full. This can really help with creating a structured budgeting plan that shows you the light at the end of that tunnel.
- Successfully managing a personal loan and making timely payments can positively impact your credit score. It shows creditors that you’re able to make reliable, consistent payments. A higher credit score will make it easier for you to access better financial products in the future.
- Consolidating credit card debt involves combining multiple credit card balances into a single loan, such as a personal loan. With a personal loan from Cross Valley, the loan amount can be used to pay off your credit card balances. Our Personal Loan comes standard with a fixed interest rate (as low as 7.50% APR¹, making it easier to budget for monthly payments.
- Consolidating and paying off your credit card debt with a personal loan does not result in automatically losing your credit cards. After paying off the balances, your credit cards will remain open—just with no balance (which is a good thing!)
Lower rates and the laws we abide by.
Federal (or Federally-chartered) credit unions are regulated much differently and much more stringently than banks and FinTechs. For example, by law our rate cap for loans is 18.00% APR, which is a law we’re proud to live by. On the other hand, a bank or even a FinTech has no laws limiting what they can charge. Heck, when it comes to banks charging interest—the sky’s the limit!
We take a different approach to lending money at Cross Valley, one that puts people first and provides you with not just the Opportunity you’re looking for, but one you can afford.
What will my monthly payments look like?
Certified Credit Union Financial CounselorsLooking for some extra help as you escape debt?
An in-house team of financial counselors is at your side.
When it comes to financial guidance, Cross Valley FCU has you covered. Your membership includes free, unlimited access to our team of Certified Financial Counselors who can help you at any point in your financial life, even if you’re just starting out.
Melissa Husted
Wilkes-Barre
Sarah Mullery
Wilkes-Barre
Heaven Merenich
Mocanaqua
Lee Sorber
Wilkes-Barre
Free financial advice is just a click away. Schedule your session today.
APR = Annual Percentage Rate. APRs are as low as the rates advertised above and include a 0.25% APR discount for automatic withdrawal of loan payment each month. Rates are for qualified borrowers who meet certain credit criteria. Payment example: $87.16 for $1,000 borrowed at 7.50% APR for 12 months. Rates and terms subject to change without notice. Membership requirements apply. Other rates and terms available. Contact credit union for full loan details.
Maximum loan amount is $25,000. For loan amounts over $15,000, the maximum term is 72 months, and the rate is as low as 13.75% Annual Percentage Rate (APR). Your actual rate will vary depending upon your credit worthiness. Other rates and terms are available. Offer is subject to change without notice. Payment example: for a 72-month term at 13.75%, the monthly payment will be $20.59 per $1,000 borrowed.
Average United States consumer credit card interest rate shown is accurate as of January 10, 2024, and was sourced via Forbes.com. Rates displayed, including Cross Valley’s, may change without notice and their accuracy cannot be guaranteed. APY = Annual Percentage Yield.
