There’s no getting away from the fact that January and February, following hard on the heels of Christmas, is a time of the year which many people spend worrying about how they’re going to deal with the debts they built up. No matter how much you manage to save, the food, drink and gifts of Christmas often cost too much to afford without borrowing money. The good news is that the debt consolidation offered by PCCU can help you to handle the repayments.
Here at PCCU, we know all about lending money in an ethical manner, and we like to think that a loan from us is a much better choice for our account holders than borrowing money from anywhere else. We’re a not-for-profit organisation, so everything we do is designed to help our account holders and plough money back into the local community, rather than driving profit for external shareholders or executives.
For that reason, we can offer debt consolidation loans at a far lower interest rate than you’re likely to find at many lenders. Perhaps even more refreshing than the rates we charge is the fact that the rate we advertise is the rate we offer to every single one of our account holders, meaning that you can apply for a loan from us safe in the knowledge of exactly how much it’s going to cost you.
Debt consolidation means taking out a single loan in order to pay off the multiple loans you might have had to take out to pay for Christmas. For example, you might have borrowed from a payday loan company, a credit card and a doorstep lender, as well as running up an overdraft. It could be any combination of lenders, but having to pay back different loans at different rates, with individual due dates and separate interest rates, can often lead to confusion. Before you know it, you’ve missed one of the payments and then have to juggle others to catch up, and inevitably end up falling behind.
Taking out a loan with PCCU will not only avoid this kind of problem arising, it could also mean you’re paying back less as a monthly or weekly rate. We’ll only lend what we think you need, at an interest rate which we know you can afford, and we’ll handle your application on an individual, face to face basis. Rather than dealing with some distant, faceless call centre, your application will be handled by a member of our team who will treat you like an individual human being.
Once you’ve provided us with all of the information we need we promise to come to a decision as soon as possible and in a couple of days at most. If your loan is approved the money will be transferred instantly to your account, leaving you free to clear your outstanding debts and be left with the stress-free option of simply making repayments to PCCU. Debt consolidation is all about taking back control of your finances, and the ethical lending offered by PCCU means that control comes without hidden charges, excess fees or expensive interest rates.