ConsolidateDebt_icons
Consolidate Debt

Borrow to Consolidate Debt

ConsolidateDebt_icons
Consolidate Debt

Borrow to Consolidate Debt

ConsolidateDebt

Simplify Your Finances and Take Control of Your Debt

If you're juggling multiple high-interest debts—like credit cards, personal loans, or medical bills—it can feel overwhelming. Consolidating your debt into a single, lower-interest loan can help you regain control, reduce monthly payments, and pay off debt faster.

At COMTRUST, we offer three powerful options for debt consolidation, depending on your financial situation and goals.

Simplify Your Debt and Save Money

Reduce your monthly payments and pay off debt faster with the right consolidation option for your needs. Explore your choices below.

1. Personal Loan – Best for Fixed Payments and Predictability

Ideal for:

✔ Individuals with established credit… looking for a fixed monthly payment
✔ Consolidating multiple credit card balances
✔ Those who want a clear repayment timeline

A Personal Loan for Debt Consolidation lets you replace multiple debts with a single loan at a lower, fixed interest rate. Instead of making multiple payments with different due dates, you’ll have one easy payment each month, helping you budget more effectively.

  • Fixed interest rate and predictable monthly payments
  • No collateral required
  • Faster payoff compared to minimum credit card payments
More about Personal Loans

2. Fixed Rate Credit Card - Balance Transfer with No Fees

Ideal for:

✔ Individuals with high-interest credit card debt
✔ Those who want to transfer their balance with no fees to a fixed rate
✔ Anyone looking to avoid costly interest charges

Our Fixed Rate Credit Card allows you to move your existing credit card balances to a new card with with no balance transfer fees. This means more of your payment goes towards reducing the principle instead of interest.

  • No Balance transfer fees
  • No annual fee on COMTRUST Fixed Rate Credit Card
  • Easier repayment with a single credit card balance
More about Credit Card

3. Home Equity Line of Credit (HELOC) – Use Your Home’s Equity

Ideal for:

✔ Individuals with equity in their homes looking a lower interest rate
✔ Consolidating large amounts of high-interest debt
✔ Flexible repayment with ongoing access to funds

A HELOC allows you to use your home’s equity to consolidate debt at a much lower interest rate than most personal loans or credit cards. Instead of multiple high-interest payments, you’ll have one manageable monthly payment at a competitive rate.

  • Payments based on what you borrow
  • No prepayment penalties
  • Flexible credit line for future financial needs
Home Equity Options

Which Debt Consolidation Option is Right for You?

Each option has unique benefits, so consider:

Do you own a home? If yes, a HELOC might offer the lowest rate.
How much debt do you need to consolidate? Personal loans work well for moderate amounts, while HELOCs help with larger balances.
Can you pay off your debt quickly? A fixed rate credit card may be best to use for a balance transfer with no fees.
Do you want fixed payments? Personal loans offer structured, predictable monthly payments.