Bank debt consolidation loans
Auto debt consolidation loans
Chart shows hypothetical situation where an individual with monthly payments of $400 for an Auto Loan, $75 for Credit Card 1 and $125 for Credit Card 2 may be able to consolidate these bills into a Wells Fargo Auto Refinance loan and lower their monthly payment by $192 to $400 per month.
See footnote 2 below.
Are auto debt consolidation loans for me?
Auto debt consolidation loans could help you manage finances using your vehicle as collateral.
How? By combining (consolidating) more than one loan into a larger personal debt consolidation loan.
Auto debt consolidation loans could mean
- Lower monthly payments
When combining other credit accounts into an auto debt consolidation loan, the monthly car payment may decrease.
Calculate your new estimated auto debt consolidation loan payment.
With personal debt consolidation loans, borrowers can restructure their credit accounts for fewer bills to manage each month. 1
Using an auto for debt consolidation loans may mean paying less overall interest if the new auto loan carries a lower APR.
Borrowers could receive cash out if the lender approves auto debt consolidation loans for more than a vehicle's current value.
Who should apply for debt consolidation loans?
Consider using your vehicle for auto debt consolidation loans if:
- You want to lower your monthly auto payment or rate
- Your credit score has improved since originally financing your vehicle
- Your expenses have risen
- You don't own your home
Applying for auto personal debt consolidation loans
Using your vehicle for debt consolidation loans is easy. Simply call 1-866-452-3413 or apply for a debt consolidation loan online.