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Debt Consolidation
Treatment for Debt Stress
If you feel overwhelmed when your bills and credit card statements arrive each month, you may be suffering from high-interest debt stress.
Symptoms may include: too many bills to keep track of, unaffordable monthly payments and high interest rates. If you suffer from even one of these, you may benefit from debt consolidation. We can help with that.
We offer several debt consolidation solutions that could help you save money, provide peace of mind, and cure your debt stress for good*:
- Home Equity Lines of Credit
- QuickCA$H Personal Line of Credit
- Personal Loan for Debt Consolidation
Not sure where to begin? Read on or reach out to us so we can prescribe the right debt consolidation solution for you.
* These statements have not been evaluated by FDA. This product is not intended to treat any disease but may improve the health of your finances.
What is Debt Consolidation?
Debt consolidation can help get your finances healthy if you’re struggling to keep track of multiple bills or to make your payments on time.
Consolidating debt combines multiple sources of personal debt into one new monthly payment. You can also think of it as refinancing existing debt because you get a new interest rate that could help lower your monthly payment or save you money over the course of the new loan.
Types of debt you can consolidate include:
- Credit card balances
- Medical bills
- Home improvement expenses
- And more
Our free Loan Consolidation calculator can help you determine whether you should consolidate various loans and credit card debt:
Home Equity Lines of Credit
Put your home to work for you
You can use the equity in your home to consolidate debt thanks to our fixed- and variable-rate HELOCs. Access much of your line as you need during the draw period and pay interest on the amounts you borrow. Receive your funds in 3-4 weeks in most cases.
Fixed-Rate HELOC Features:
- Competitive, fixed rates as low as 7.875% APR2
- 2-year draw period converting to term loan – Rate fixed at start of draw period
- No application fee
- Borrow up to 90% of your home’s value, minus outstanding mortgages
- $5,000 minimum loan amount
- $299 standard origination fee
QuickCA$H Line of Credit
On-demand access to affordable cash
Access revolving credit without high interest rates, set terms or draw periods to manage debt. Draw as much of your line as you need, when you need it. Replenish your line by paying back what you draw.
- Competitive, fixed 12.25% APR3
- Line amounts range from $500 to $25,000
- No collateral required
- Only make payments on what you borrow
- Same-day decisions (in most cases)
- No application fee and no annual fee
Personal Loan
Uncomplicated financing for nearly anything
With no application or origination fees, our unsecured personal loan offers competitive rates and easy access to funds to help you relieve debt anxiety fast. We can even pay your creditors directly.
- Fixed rates as low as 10.99% APR for 60-month term4
- Loans up to $25,000
- No collateral required
- Terms up to 72 months
- Pick your payment date
- Fast funding and decisions (in most cases)
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Not sure where to begin?
Provide us with your info and we can help you get started.
Tools & Resources
IMPORTANT TREATMENT INFORMATION
Treatment results may vary depending on patient’s specific finances and spending habits. You should not take Debt Consolidation if you are allergic to smart money management or would not benefit from consolidation. Debt Consolidation may also cause severe negative reactions to untreated high-interest debt. If you are unsure about your symptoms, seek emergency help by contacting our experts.
1APR=Annual Percentage Rate.
2APR includes a $299 origination fee. Introductory rate of 7.50% APR is for the first 12 months after the loan open date. At the beginning of the 13th month, your regular rate will go into effect which is based on the value of an index (the Prime Rate published in the Wall Street Journal, currently at 8.50%). The APR will never be higher than 18.00% in a variable-rate plan. Ardent has a tiered loan rate policy which applies different loan rates to borrowers based upon the borrower's credit worthiness, Loan-to-Value (LTV), term and lien position. Rates are subject to change at any time. Other fees may apply based on property type and state where property is located. For loan amounts over $250,000, title insurance and full appraisal are required. Home equity loans are not available in Texas or Puerto Rico. Certain states, such as New York, Delaware, Georgia and Florida, incur a tangible tax that will be paid by the borrower. Rate reflects a 0.25% discount for loan payment via automatic funds transfer from an Ardent checking account. Available on 1-4 family primary or secondary residences. 2-unit and 3–4-unit properties have a maximum LTV of 80% and 75%, respectively. Property and/or flood insurance is required. All loans and lines of credit are subject to approval and collateral evaluation. The LTV ratio is the sum of the balance outstanding on your first mortgage, if any, and the amount of your new home equity loan or credit line divided by the fair market value of your home. Property must have a clean title and adequate appraisal to qualify. Per membership eligibility, you must maintain $5 in a savings account to utilize the credit union’s services. If you close your home equity line of credit within 36 months of opening, you will be required to reimburse the Credit Union for the bona fide third-party fees paid on your behalf which could range from $250.00 to $2,500.00. Additional restrictions, limitations and exclusions may apply, offer subject to change, please contact an Ardent representative for further details and current rates. Equal Opportunity Lender. NMLS 498568
3QuickCA$H Personal Line of Credit: Monthly payment is 2.70% of outstanding balance or $108.00, whichever is greater. Rates current as of January 29, 2024, and are subject to change based on market conditions and borrower eligibility. The minimum approved loan amount is $500.
4Rates effective January 29, 2024. Applicants must borrow at least $1,500 in new money for consolidation of any existing Ardent personal loans. Not everyone will qualify for the best rate. Interest rate based on loan term and borrower’s credit score at time of application and includes 0.25% discount for automatic loan repayment. Rates are subject to change based on market conditions and borrower eligibility. Payment example: A 60-month loan at 10.99% fixed APR will have 60 monthly payments of $21.75per $1,000 borrowed. The minimum approved loan amount is $500.