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Give yourself a break from constant financial woes—an affordable debt consolidation loan from Pelican can put you on the path to being debt-free.

Credit card payments, department store credit cards, finance company dues—all stacked together may loom too large to look in the eye. Chop down your debts and combine unsecured loans to create one low monthly payment. You could save with a Pelican State CU Debt Consolidation Loan that's significantly less than the sum of its parts (and a lot less intimidating).

  • Save money by combining multiple loans into one payment
  • Simplify your monthly budget with just one payment to make every month
  • Loan amounts tailored to your personal situation
  • Lower rate helps pay off debts sooner
  • Streamlined process
  • One local relationship for easier debt management

Check out our current rates to learn more!


What could a debt consolidation loan look like for you?

Monthly Payments Before Consolidation Loan Monthly Payment After Consolidation Loan*

Credit Card

Department Store Credit Card

Finance Company

Total Due

$130.00

$80.19

$230.00

$440.19

Pelican State CU Loan Payment

$283.67

Total Savings of $156.52 per month!
Monthly Payments Before Debt Consolidation Loan

Credit Card

Department Store Credit Card

Finance Company

Total Due

$130.00

$80.19

$230.00

$440.19

Monthly Payments After Debt Consolidation Loan

Pelican State CU Loan Payment

$283.67

Total Savings of $156.52 per month!

Curious about when it makes sense to get a debt consolidation loan? Find out on this episode of #AskPelican:


*Pelican State CU membership required to close a loan with Pelican. If you are not a Pelican member, you must be eligible to open a Primary Share account with Pelican to become one. The deposit to open a Primary Share account starts at a minimum of $10 ($5 to join + $5 minimum balance). Credit approval is based on certain credit criteria and credit worthiness. Scenario listed above is just an example, and savings/rate/amount and term will vary for each member and savings are not guaranteed. The payment examples listed above were calculated as follows: 2% of Credit Card balance of $6,500; 2% Department Store Credit Card balance of $4,009.54; Finance company has a rate of 36% APR, a term of 18 months, and a balance of $3,163.31. The consolidated payment of $283.76 was calculated with a rate of 8.99% APR, a term of 60 months, and balance of $13,672.85. Not everyone will qualify for the advertised APR. APR = Annual Percentage Rate. Estimated payment may vary if credit protection products are added to loan. Applicant will be charged $5 for any loan application that is denied, withdrawn, or expired. Restrictions apply. See a Pelican representative for details.