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Debt Consolidation & Back on Track

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Dec 1, 2018
Submitted by: Capital Credit Union
  • Second Chances & Refinancing
A member came to us when other financial institutions refused to help. They were months behind on mortgage payments, had substantial credit card and medical debt, and one car recently repossessed by another lender. We discovered that the car had great equity, and approved a debt consolidation loan to get their car back, then used extra equity to pay off the other debt. Now their monthly payments are $400 less and we've reduced their reliance on credit cards.