Should You Consolidate your Debt Into One Low Payment?

Keeping up with numerous debts from a variety of sources can leave you feeling like you are spinning out of control?   Fortunately, allU.S. Credit Union has several solutions that can steer you in the right direction and save you money and stress!

Should you consolidate your debt?  This calculator is designed to help determine if debt consolidation is right for you.  Fill in your loan amounts, credit card balances and other outstanding debt.  You can then see what your monthly payment would be with a consolidated loan.

At allU.S. Credit Union, we offer many options to help you pay off your credit cards, improve your credit rating and live debt free!  Check it out:

Pay off existing debts with an Auto Title Loan featuring rates as low as 2.49% APR.  You have the ability to borrow up to 50% of your car’s value to help drive down your debt!

Transfer high-rate credit cards to the allU.S. Visa Credit Card and save BIG with:

  • Rates as low as 8.99% APR
  • No annual fee
  • No cash advance or transaction fees
  • No balance transfer fees

Check out even more advantages at

You can kiss your high-rate debt goodbye by consolidating your debt with an allU.S. Personal Loan.

  • Rates as low as 7.0% APR
  • Loan amounts up to $25,000
  • No collateral required

Debt consolidation at allU.S. Credit Union is a smart and easy way to combine all your high-interest debt into one low payment. You’ll lower your interest rate (which could save you money every month) and more of your payment will go toward the principal balance, meaning you’ll pay off your debt more quickly! And best of all you’ll make just one easy payment each month!

Don’t wait! Consolidate your debt and save with allU.S. Credit Union. Need help determining if debt consolidation is a good option for you?  Just stop by or call Robin or Stephanie at 831-540-4627 and they will be happy to help.  You can also apply online at

Is 0% Financing Too Good to Be True?

Because many auto dealers are offering 0% financing, you may be confused and wondering if this rate Is too good to be true? Unfortunately, in many cases the answer is yes.

Before we get into whether 0 percent interest is too good to be true, it’s important to understand what 0 percent financing actually is.  When you get a car loan, as everyone knows you are borrowing money to pay for a car.  The bank or credit union doesn’t give you that money for free.  Instead, you have to pay interest, or a fee that you give the financial institution for lending you the money. 

The phrase, “if it’s too good to be true, it probably is too good to be true,” is definitely something you should keep in mind as you search for a car loan.  Many times the 0% is a “teaser rate” meant to get you in the door and may not apply to you or may not be the best deal for you.

The problem with 0% financing is that not every potential car buyer qualifies for this super-low financing. The too-good-to-be-true rate applies to people with very high credit scores, excellent credit records and little or no debt. That means only about 5% of the population qualifies for the 0% rate.  And, if you do qualify you will most likely have larger payments over a shorter period of time, which may be difficult to fit into your monthly financial plan.  Unless you fall into this category, you may get stuck paying a much higher rate.

You may be surprised to learn that even if you do qualify for 0% financing, it could cost you more in the long run. If the dealer offers you the choice of 0% or a cash rebate, taking the rebate and financing through allU.S. Credit Union could save you money – even if the rate is a little higher. Let’s do the math:

                                                   Dealer Financing                        Credit Union Auto Loan

Vehicle purchase price                    $20,000                                            $20,000

Cash rebate                                           $0                                                 $3,000

Amount financed                               $20,000                                           $17,000

Interest rate                                        0% APR                                      2.49% APR

Term of loan                                      48 months                                    48 months

Monthly payment                               $416.67                                          $372.46

Total Saving/Life of Loan                                                                        $2,122.08

  • allU.S. has the funds and healthy relationships with car dealers to make the loans.
  • You have a better chance of having your loan approved if you have credit problems
  • allU.S. is a non-profit organization and work to provide members with high-quality customer service
  • You start off with a lower loan amount if you take the rebate, saving you money in finance costs.
  • You could get lower monthly payments with allU.S., because low auto loan rates are available for loans with longer terms as well as shorter ones.
  • Our members have a more personable experience at allU.S. so you can openly discuss your concerns about your loan, discuss flexible repayment options and review your financial situation.
  • You may save money on the total cost of the loan, because allU.S. doesn’t charge application fees or prepayment penalties. 

As we pointed out above, you’ll actually save more by taking the dealer’s rebate and financing your vehicle purchase at allU.S. Credit Union. An informed buyer is definitely the best buyer!!! To learn more about vehicle financing or to apply for your low-rate auto loan, visit us online at speak to Robin or Stephanie at the branch.