Commerce consolidating loan school
The Schools Personal Loan offers a low, fixed rate with a one-time lump sum at funding that is repaid over a predetermined time.
To do this, many or all of the products featured here are from our partners. Ideally, that new debt has a lower interest rate than your existing debt, making payments more manageable or the payoff period shorter.
Online lenders typically let you pre-qualify for a debt consolidation loan without affecting your credit score.
Most will give you an estimated rate without a “hard inquiry” on your credit, unlike many banks and credit unions.
Most credit unions offer their members flexible loan terms and lower interest rates than online lenders, especially if you have a low credit score.
The maximum annual percentage rate at a federal credit union is 18%.