Last Updated: 04/18/2025
MCECU Debt Consolidation Loan
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APR (Variable APR)
Starting at 9.75%(Verified 06/21/2024)
Amount Range
$5,000 - $35,000
Loan Term (Months)
N/A
MCECU Debt Consolidation Loan Review
MCECU Debt Consolidation Loan is offered by Memphis City Employees Credit Union, a credit union founded in 1959 and based in Memphis, TN. MCECU Debt Consolidation Loan are available in 50 states and Washington, DC.
Key Takeaways
- Uses a variable APR. This is uncommon for personal loans. If interest rates rise in the future it could make the monthly payments more challenging. These are average interest rates for a personal loan. If you have good credit or a cosigner, you could probably find better rates.
MCECU Debt Consolidation Loan Pros & Cons
| Pros | Cons |
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MCECU Debt Consolidation Loan FAQ
What interest rates and personal loan terms does MCECU Debt Consolidation Loan offer?
What interest rates does MCECU Debt Consolidation Loan offer?
MCECU Debt Consolidation Loan offers a variable APR personal loan product that starts at 9.75% APR.
How much can you borrow via MCECU Debt Consolidation Loan?
Personal loan amounts start at $5,000 and go up to $35,000
| Personal Loan Amount | $5000 - $35000 |
| Loan Term | N/A |
| APR | Starting at 9.75% |
What fees does MCECU Debt Consolidation Loan charge?
Does MCECU Debt Consolidation Loan charge an origination fee?
MCECU Debt Consolidation Loan may charge a personal loan origination fee .
Does MCECU Debt Consolidation Loan charge a late fee?
MCECU Debt Consolidation Loan does not disclose whether it charges late payment fees.
Does MCECU Debt Consolidation Loan charge prepayment fees?
No, MCECU Debt Consolidation Loan does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | No |
| Prepayment Fee | N/A |
| Late Payment Fee | No |
What do you need to qualify for MCECU Debt Consolidation Loan?
MCECU Debt Consolidation Loan does not require or does not disclose a credit score minimum. MCECU Debt Consolidation Loan does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by MCECU Debt Consolidation Loan.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Driver's license or other government photo ID
- Proof of identity
- Proof of citizenship or residence permit
| Minimum Age | N/A |
| Bank Account Required? | No |
| Credit Score | N/A |
Does MCECU Debt Consolidation Loan report your account activity to credit bureaus?
Yes, MCECU Debt Consolidation Loan reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Memphis City Employees Credit Union perform a hard credit pull?
Yes, MCECU Debt Consolidation Loan performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are MCECU Debt Consolidation Loan legit?
memphis city employees credit union was founded in 1959, it is a well-established company that has been in business for 67 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
9:00AM - 4:00PM
Thursday
9:00AM - 4:00PM
Friday
9:00AM - 4:00PM
Saturday
Closed