consolidate - verb definition
consolidating debt means to combine your high-interest debt into one single payment.

According to CNN, the average American's expenses have increased by over $700 a month. At Rave Financial, we know that debt can cause a lot of stress. That is why we offer helpful solutions to help give your finances a boost. 

3 ways to consolidate

Balance Transfer Details:

Transfer other higher-interest credit cards or personal loans and get a lower interest rate.

Bundle multiple payments into one.

Pay only 5.9% APR on the transferred balance until paid in full.

Improve your credit by making regular, on-time payments.

Personal Loan Details:

Fixed rate for the life of the loan.

Fixed payment.

Get a 1% discount on Personal Loans for a limited time* 

Fixed term, up to 60 months maximum.

Financing available up to $50,000.*

Home Equity Loan Details:

Fixed rate for the life of the loan.

Fixed payment.

Terms range from 5 to 30 years.

Minimum loan amount is $10,000.

Rave Financial Balance Transfer vs. Traditional Banks

Balance Transfer Comparison

Formula calculated based on a credit card balance of $10,000, paying $300/month toward the balance with no annual fee. Calculation based on fixed rates.

Ready to get started? Here are the steps:

Apply Online Icon

1. Apply

Easily apply online or at any of our experience center locations.

Electronically Sign Documents

2. Sign Documents

Upon approval, you'll need to electronically sign documents to complete the process.

Save Money Consolidate Icon

3. Start Saving

Now you can feel at ease, knowing you are saving money with your new lower rate!

What is a Balance Transfer?

5 Benefits of Consolidating Credit Card Debt to a Personal Loan

When does Debt Consolidation make sense?

*Subject to credit approval. Restrictions apply. See CU or website for more details. *APR is Annual Percentage Rate. 1% rate discount will be applied to qualifying rate upon loan funding. Loan discount offer valid with $1,000 minimum of new money financed. 5.9% balance transfer offer available on qualified transfers up to credit limit. Rate is for the life of the initial transferred balance and does not include purchases or cash advances. Rave Financial Credit Union reserves the right to end this promotion at any time. Maximum unsecured aggregate loan balances limited to no more than $50,000 per member. Offer valid December 1st, 2023 - March 31st, 2024. Equal opportunity lender. Federally insured by NCUA.

Spend. Save. Thrive.

5.9% APR on all balance transfers for the life of the balance!


  • Name Change FAQs
  • 2024 Holiday Closings
  • Escheatment Notice
  • USPS Mail Delays
  • Digital Banking Security Tips
Scroll to Top