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Department of Labor Federal Credit Union

Should I Consolidate My Debts?
Calculator

Are you wondering if you should consolidate your debt into one loan? You might end up paying less interest and get out of debt faster with consolidation. Use this calculator to determine if consolidating your debt into one loan would be beneficial to you.

Consolidated Loan Information

Enter the interest rate and term for the loan you plan to use to consolidate your debts.

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Debt Information

Enter balance, monthly payment and rate information for all of your debts.

Balance
Payment
Rate
Credit Card 1:
 
Credit Card 2:
 
Credit Card 3:
 
Credit Card 4:
 
Auto Loan 1:
 
Auto Loan 2:
 
Boat/RV Loan:
 
Other Loan 1:
 
Other Loan 2:
 
Other Loan 3:
 

Results

Pay Off Loan

Current Debt Summary

Balance (All debt):
$0
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Payment:
$0
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Total Interest:
$0
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Longest Loan Term (Months):
$0
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Consolidated Loan Summary

Loan Balance:
$0
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Payment:
$0
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Total Interest:
$0
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Loan Term (Months):
$0
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Alternate Loan Summary

How does the repayment schedule change if you just take the monthly amount you are currently paying and put it towards a consolidated loan?

Balance:
$0
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Payment:
$0
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Total Interest:
$0
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Loan Term (Months):
$0
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Information

Department of Labor Federal Credit Union

Serving employees and contractors who work for the Department of Labor, their families and associated organizations. See website for details.

200 Constitution Ave
Rm S-3220
Washington, DC 20210-0001
(202) 789-2901
www.dolfcu.org

Resources

Resources

National Foundation for Credit Counseling promotes financially responsible behavior and delivers the highest quality financial education and counseling services.

The Association of Independent Consumer Credit Counseling Agencies (AICCCA) is a national membership organization, established to promote quality and consistent delivery of credit counseling services, and has links to additional information.

"Knee Deep In Debt", Federal Trade Commission

"For people on Debt Management Plans, a Must-Do List", Federal Trade Commission

CULookUp - Sponsored by NAFCU Services

CULookup.com - Sponsored by NAFCU