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What Can DCU Save You?

Debt Consolidation Loan

Consolidate your credit card balances or other debt into one loan.



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Debt Consolidation Loans

Debt Consolidation Loan Benefits

  • Consolidate your loan balances into one loan with a manageable monthly payment
  • Terms up to 60 months
  • Competitive fixed rates
  • Save with Relationship benefits and electronic payment

Please refer to Details and Rates tabs for additional information and important disclosures.

"Consolidate To
Eliminate Worry "

Open quote Thank you DCU for helping me achieve my financial goals and eliminate debt in 3 years as opposed to 10! Close quote

— Bkitten22, Ayer, MA

Debt Consolidation Loan Details

  • Consolidate your credit card balances or other debt into one loan with a manageable monthly payment.
  • Terms up to 60 months – That helps keep payments affordable on larger loan amounts.
  • Competitive fixed rates – Your rate and payment remain the same for the life of your loan.
  • Save with Relationship benefits and electronic payment – Save on rates when you qualify for Relationship benefits on your DCU Checking Account and make payments electronically (payment by transfer in Online Banking, Mobile Banking, Easy Touch Telephone Teller, DCU ATM, or internal DCU automatic transfers. Add 0.50% to rate for other payment methods.

Debt Consolidation Loan Rates

Terms / Features Our Best Rate*
  Annual Percentage Rate Estimated Monthly Payment
per $1,000
Up to 60 Months 8.75% $20.64

Rates are effective .

*Rates are determined by your personal credit history, account relationship, and payment method.

APR = Annual Percentage Rate.


Debt Consolidation Loan is rated 4.7 out of 5 by 6.
Rated 5 out of 5 by from I like the service I like the kind of offers providing to the customers.
Date published: 2017-04-26
Rated 5 out of 5 by from the debt consolidation loan is a great service it helped a lot I wish that I would have taken more of a loan to cover all the outside bills so I would only have one payment but the loan was a great help it did bring down the value of the other loans I have,
Date published: 2017-04-26
Rated 5 out of 5 by from There are few Miscommunications All my credit cards where asked to Close the Account bcoz i took a Debt Consolidation account. Except this everything is good
Date published: 2017-04-26
Rated 5 out of 5 by from Personal loan Helped me reduce credit card debt. I will like to refinance mortgage.
Date published: 2017-04-26
Rated 5 out of 5 by from Great Value I worked with Mabel who was very pleasant and knowledgeable. She helped me with receiving a loan to help pay some of my credit card debts off, and open a new checking and savings account. We spent about two hours to accomplish everything I needed and trust me my time was not wasted. I am so happy I made the choice to choose DCU for my loan needs!
Date published: 2017-04-04
Rated 3 out of 5 by from This product has great features but interest rates are high This product has great features but interest rates are high, person who is already suffering debt issue cant afford this much high interest Loan but some time we dont have option and to build credit history yes we can go with this kind of Loan. For me this was the only option left, so i opted, but requested to please lower the interest rates though the person is having low credit history.
Date published: 2017-04-26
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Are you required to close credit cards with debt consolidation loan?

Asked by: LG
DCU may require the payoff and closure of other debt. It all depends on the conditions of your application.
Answered by: DCU Staff
Date published: 2017-08-19

What credit bureau does your bank pull from?

Asked by: Baez4Luna
When applying for a Consumer Loan or Credit card, we will obtain your Credit Report from Equifax.
Answered by: DCU Staff
Date published: 2017-02-11

Around what range of a credit score do you look for in a debt consolidation loan? Also, what type of effect does applying have on the credit score?

Do you take into consideration the DTI when applying to consolidate the debt?
Asked by: Maria
DCU does not offer Debt Consolidation Loans however you we do offer Personal Loans that may be used for this purpose. We do not base the decision solely on credit score. Once the application is received a Loan Officer will review your income, debt, and credit history. They will take DTI into consideration. We will pull your credit and this may or may not effect your score, we would be unable to determine the exact effect it would have.
Answered by: DCU Staff
Date published: 2017-03-18

if you own a car, can you use it for collateral for a personal loan?

Asked by: kk
If you own your vehicle and there is no loan against it you may use it for collateral for an Auto Loan. For eligible borrowers we will offer up to 100% of the current value of the vehicle. You can determine the value online at nadaguides.com. Personal Loans do not require collateral.
Answered by: DCU Staff
Date published: 2017-06-24

What if I owe on a loan & need to apply for another?

Had a loan fell behind when lost my job. Have a good paying job and need a loan to take care or all the outside bills I had. Would I still be able to apply for a new loan.
Asked by: Harmenie
If you are currently past due on a loan we may not be able to approve another one. To determine if you are eligible we ask that you speak with a Loan Specialist by phone at (800) 328-8797 option 3.
Answered by: DCU Staff
Date published: 2017-10-18
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"Thank You!"

Open quote Customer service was exceptional!!! They explained everything in detail to me and their responsiveness was amazing. I would recommend DCU for anyone looking for a loan. Close quote

— Lyn, Raleigh, NC

Easy Ways To Apply for a Debt Consolidation Loan

  1. Apply Online – 24 hours a day, 7 days a week.
  2. Apply by phone – 24 hours a day, 7 days a week call 800.328.8797 or 508.263.6700 and press 3.
  3. Any DCU Branch – Visit your local branch.

"Great Customer Service "

Open quote My experience with DCU has always been positive.The representatives are helpful and friendly. The process is very smooth and effortless. Close quote

—  Peggy, Franklin, MA

Debt Consolidation Loan Related Links

  • Loan Calculator – Use these calculators to determine an approximate loan payment based on the loan amount (loan cash), term, and credit history standing. This helps you see if a loan will fit within your budget.
  • StreetWise Guide to CreditStreeWwise guide helps you understand how credit works, how to use it responsibly, how to know if you are having difficulty with it, and what to do if you are.
  • Skip a Payment (.pdf format) – You have the option to skip a loan payment without impacting your credit rating.
  • Calculate Finance Charges – Sometime members have questions about how Finance Charges or Interest on their DCU loan accounts are calculated. This information is designed to make the information in your loan disclosures a little easier to understand.
  • Schedule of Fees and Service Charges – Details regarding member benefits that may help you avoid fees.
  • Financial Wellness and Recovery – Learn what DCU can do for you if you are now or think you may soon experience a financial setback. The earlier you contact us, the more we can do to help.
  • Loan Payment Method Authorization (.pdf format) – Use to have DCU set up electronic loan payments by transfer from your DCU savings or checking account. Note: you can set this up on your own with Online Banking Automatic Transfers.