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    The Best Loan Options for You

    Last updated 2 years ago

     

    Do you want to learn more about credit card consolidation or auto loans? You can find information about these topics on the following websites:

    • Find tips for paying back your student loans on this page from ProjectStudentDebt.org.
    • Visit this page from the Federal Trade Commission to learn about the benefits of credit card consolidation.
    • Learn some of the benefits of consolidating your student loans in this article from Forbes.
    • You can read about how auto loans work on this page from HowStuffWorks.com.
    • Take a look at this page to learn what questions you should ask when applying for a car loan.

    To learn more, contact Jeanne D’Arc Credit Union today at (978) 452-5001!

    What Is Credit Card Consolidation?

    Last updated 2 years ago

     

    Credit card debt is an issue for individuals and families around the country. Research shows that the country’s credit card debt balance experienced a 75% increase between 1997 and 2007. Trying to get out of debt can be a stressful, complicated, and overwhelming experience. That is why credit card consolidation is a good choice for anyone feeling drowned by their debt. Here is a closer look at what credit card consolidation is:

    • Credit card consolidation offers a solution for people with credit card debt
      Credit cards can offer security, but they can also make it easier to spend money you do not have on items you do not need. Credit cards are also commonly used to pay bills and other regular expenses, making them an important part of many people’s finances. However, this reliance is also why so many people are currently struggling with credit card debt on multiple credit cards.
       
    • Credit card consolidation offers a way to start handling your debt
      With this process, a debtor takes out one loan to pay off credit card debt. First, the debtor must visit a financial institution to learn about the loan options that are available to him. Depending on personal finances and credit history, a debtor will either qualify for a secured loan or an unsecured loan. After getting the loan, the debtor will use the money to pay off all debts. They will then focus on gradually paying back the loan. 
       
    • Credit card consolidation offers a number of benefits
      First, debtors will no longer have to worry or stress about paying of all of their separate debts. Another benefit is only paying one loan bill each month instead of multiple credit card bills. This can greatly reduce the stress and anxiety that are commonly associated with multiple credit card payments.

    Learn more about credit card consolidation and personal loans by contacting the team here at Jeanne D’Arc Credit Union. Our Lowell credit union can help you get on the right track to eliminating debt. Visit us online or call us at (978) 452-5001 for more information.

    Which Loan is Right For You?

    Last updated 2 years ago

     

    There are a number of expected expenses throughout life as well as plenty of unexpected ones. You may not always have the money to handle these expenses, which is why it is important to understand loan options and how they can benefit you and your family.

    This video clip discusses two popular loan options, their similarities, and their differences. A home equity loan basically serves as a second mortgage on your home, giving you the finances you need to handle major bills, such as medical care or college tuition. A line of credit works more like a credit card. The loan that is right for you will depend on your current finances and your financial needs.

    You can learn more about personal loans by contacting the team here at Jeanne D’Arc Credit Union. Call us today at (978) 452-5001 to learn more about our Lowell credit union.

    Auto Loan FAQs

    Last updated 2 years ago

     

    There isn’t much that is more exciting than driving off the lot in your very own car. However, unless you have enough cash to make the transaction, you will need to apply for an auto loan. Here are the answers to some of the most frequently asked questions about auto loans:

    • What do I need to do before applying for an auto loan?
      It is important to be prepared before applying for an auto loan. You can do this by reviewing your current credit situation. All citizens are entitled to view their credit report or score at no fee once a year. This will help you get a better understanding of your current financial situation. If there are any problems, you may be able to work toward fixing them to give yourself a better chance for qualifying for a larger loan. This will also help you determine how much you will be able to spend on monthly payments for a car.
    • Should I pick the car I want before applying for a loan?
      Many shoppers fall in love with a car before even applying for an auto loan. Unfortunately, this can lead to disappointment. Whether you plan to buy a new car, a used car, or refinance your current vehicle, you will want to look into your loan options before you start narrowing down your car options. After being approved for a loan, you will know just how much money you will get and just how much you can afford to spend each month. This will help you determine which car is right for you.
    • Are there requirements for applying for an auto loan?
      The requirements you encounter will depend on the credit union or other financial institution you work with. Typically, applicants are required to be at least 18 years of age, have a steady income, and have good employment history.

    You can learn more about auto loans by contacting the team here at Jeanne D’Arc Credit Union in Lowell. We offer mortgage loans, auto loans, student loans, and personal loans. Give us a call at (978) 452-5001 for more information!

    Coming Soon: Mobile Apps!

    Last updated 2 years ago

    This upcoming Tuesday, March 6th, you will be able to access your accounts with our FREE* Mobile Apps for Android™ and iPhone®!

    iPhone Users: To download app locate the Jeanne D'Arc app in the App Store on your iPhone and tap it, or download it directly from your iTunes Store® account and sync your iPhone. 

    Android Users: To download app locate the Jeanne D'Arc app in the App Store on your Android and download it.

    This new app will allow you to view account balances and history, make transfers, find a branch/ATM and much more! 

    For more information contact Jeanne D'Arc Credit Union online or call us today at (978) 452-5001

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