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  Members 1st Credit Union Debt Consolidation Loan

Members 1st Credit Union Debt Consolidation Loan

in Personal Loans from Members 1st Credit Union

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Members 1st Credit Union Debt Consolidation Loan

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in Personal Loans from Members 1st Credit Union

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Highlights
APR  (Fixed APR) Starting at 10.99%
Loan Amount Up to $15,000
Loan Term (Months) Up to 48 months

Members 1st Credit Union Debt Consolidation Loan Review

Members 1st Credit Union Debt Consolidation Loan is offered by Members 1st Credit Union, a credit union founded in 1936 and based in Redding, CA. Members 1st Credit Union Debt Consolidation Loan is available in 1 state across the USA.

Key Takeaways
  • Hard credit pull required. You can't check your rates or see if you prequalify for Members 1st Credit Union Debt Consolidation Loan without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
Members 1st Credit Union Debt Consolidation Loan Pros & Cons
Pros Cons
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • Charges an origination fee.
  • Do not offer pre-approval with soft credit pull.
  • Charges a late fee.
Members 1st Credit Union Debt Consolidation Loan FAQ

What rates and terms does Members 1st Credit Union Debt Consolidation Loan offer?

Members 1st Credit Union Debt Consolidation Loan has higher interest rates than the average for lenders reviewed on SuperMoney.

What APR rate does Members 1st Credit Union Debt Consolidation Loan offer?

Members 1st Credit Union Debt Consolidation Loan offers a personal loan product that starts at 10.99% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What can a personal loan from Members 1st Credit Union Debt Consolidation Loan be used for?

Personal loans from Members 1st Credit Union Debt Consolidation Loan are typically used for special purchases, debt consolidation or similar purposes.

What is the maximum loan term you can get with Members 1st Credit Union Debt Consolidation Loan?

Members 1st Credit Union Debt Consolidation Loan offers personal loans with a maximum term of 48 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

Members 1st Credit Union Debt Consolidation Loan Rates & Terms
Loan Amount up to $15000
Loan Term up to 48 months
APR Starting at 10.99%

What fees does Members 1st Credit Union Debt Consolidation Loan charge?

Does Members 1st Credit Union Debt Consolidation Loan charge an origination fee?

Members 1st Credit Union Debt Consolidation Loan may charge a loan origination fee.

Does Members 1st Credit Union Debt Consolidation Loan charge a late fee?

Yes, Members 1st Credit Union Debt Consolidation Loan may charge borrowers a late payment fee.

Does Members 1st Credit Union Debt Consolidation Loan charge prepayment fees?

No, Members 1st Credit Union Debt Consolidation Loan does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

Members 1st Credit Union Debt Consolidation Loan Fees
Origination Fee N/A
Prepayment Fee? No
Late Payment Fee N/A

What do you need to qualify for Members 1st Credit Union Debt Consolidation Loan?

Applicants with a credit score of at least 600 and up to 850 may be eligible for Members 1st Credit Union Debt Consolidation Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Members 1st Credit Union Debt Consolidation Loan does not have or does not disclose a minimum annual income eligibility requirement. Members 1st Credit Union Debt Consolidation Loan only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Members 1st Credit Union Debt Consolidation Loan. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Members 1st Credit Union Debt Consolidation Loan. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Recent pay stubs
  • Proof of income
  • Driver's license
  • Government issued photo ID
  • Proof of identity
Members 1st Credit Union Debt Consolidation Loan Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Individual Applications
  • Credit Score 600 - 850

    Does Members 1st Credit Union Debt Consolidation Loan report your account activity to credit bureaus?

    Yes, Members 1st Credit Union Debt Consolidation Loan reports your account activity to the following credit reporting agencies:

    • 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 improve your credit.

    SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

    Availability

      Available in 1 state
    California
    Availabile in all of California

    Feature Breakdown

    No Prepayment Fee  
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted Individual Applications
    Military Status
    • Active Duty Military
    • Non-Military
    • Veterans
    • Military Dependent
    Minimum Age 18
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Cash
    • Payroll Check or Prepaid Card
    • 1099 Misc. Income
    Verification Documents Required
    • Recent Pay Stubs
    • Proof of Income
    • Proof of Identity
    • Government Issued Photo ID
    • Social Security Number
    • Driver License (or other photo ID)
    Credit Score Range 600 - 850
    Approval Speed 24 hours
    Credit Bureau Reporting
    • Experian
    • Equifax
    • TransUnion
    Payment Options Automatic Payments
    Loan Amount Up to $15,000
    APR (Fixed APR) Starting at 10.99%
    Loan Term Up to 48 months

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