FAQs Consolidation loans What is a consolidation loan?

Frequently asked questions

What is a consolidation loan?

A consolidation loan lets you bring all your existing credit into one simple, manageable payment. 

You can use it for things like:

  • Credit cards
  • Overdrafts
  • Other loans
  • Car payments

By borrowing from GWCU, you could reduce your monthly payments, cut down on interest, and feel more in control of your money.

For more information read our blog: What is a consolidation loan?

Want to know if it’s right for you?
Check out our blog: Could debt consolidation help you cope with the cost of living?

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