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Keeping current on your payments is important to maintain your ability to borrow in the future. To avoid a cash crunch, work out a repayment plan that will help you address all of your financial obligations. Here are a few tips to help you take control:
Dealing with debt can be stressful. But by making a plan – and sticking to it – you can move your financial health in the right direction.
We’re committed to your financial success. Here you’ll find a wide range of helpful information, interactive tools, practical strategies, and more — all designed to help you increase your financial literacy and reach your financial goals.
Before you apply, we encourage you to carefully consider whether consolidating your existing debt is the right choice for you. Consolidating multiple debts means you’ll have a single monthly payment, but it may not reduce or pay your debt off sooner. The payment reduction may come from a lower interest rate, a longer loan term, or a combination of both. By extending the loan term you may pay more in interest over the life of the loan. By understanding how consolidating your debt benefits you, you’ll be in a better position to decide if it is the right option for you. New credit accounts are subject to application, credit qualification, and income verification. You must be a U.S. citizen or permanent U.S. resident to be eligible for this product.
LRC-0219