Consolidation Options

Say goodbye to high-interest debt. Lower rates, fewer payments. More peace of mind.

Bill Consolidation Loans

A bill consolidation loan can be beneficial when you're struggling with multiple high-interest debts and want to simplify your finances. By consolidating your bills into a single loan, you can streamline your payments and potentially reduce your overall interest rates, saving you money in the long run. It provides a structured repayment plan, making it easier to manage your debt and regain control of your financial situation.

60-month maximum term. Loan amounts: $500 - $25,000. For any loan over $10,000 a credit score over 680 is required.

Eligible for a 0.25% interest rate reduction with Auto Payment- must complete Modification of Interest Rate form

Credit Score	Credit Tier	Up to 36 Months	37-48 months	49-60 months
760+	A+	11.0%	12.0%	13.0%
700-759	A	12.0%	13.0%	14.0%
650-699	B	13.0%	14.0%	15.0%
600-649	C	15.0%	16.0%	17.0%
520-599	D	16.0%	17.0%	18.0%

Balance Transfers

Apply for a Credit Card

Transfer all of your high interest credit card balances onto the NYU FCU Credit Card.

Given qualifying credit history, credit score and income on our Platinum and Gold Credit Cards, we will allow balance transfers up to $25,000. The rate we offer for balance transfers is the same as that on purchases. However, your permanent credit limit will be determined based on your income.

For any loan over $10,000 a credit score over 740 is required. Our general requirement is a credit score of at least 620, good standing credit history and debt to income below 45%.

MasterCard Credit Card

MasterCard Type	Rate	Rewards	Annual Fees	Max Initial Credit Limit
Classic	11.9%	CU Travel Hotel Dollars	x	$10,000
Gold	8.9% (6.9% for the first 6 months)	ScoreCard Rewards + CU Travel Hotel Dollars	x	$20,000
Platinum	7.9% (5.9% for the first 6 months)	ScoreCard Rewards + CU Travel Hotel Dollars	x	$20,000