Debt Consolidation FAQs

At PFCU, we want to help make your debt consolidation process as smooth as possible. We put together some of the common questions and answers surrounding debt consolidation loans. We hope these questions will help ease your mind and allow for better understanding of how we can help you get rid of debt.

How do I know if I need debt consolidation?

  • If you are struggling to pay multiple credit card balances each month.

How much does it cost to consolidate debt with PFCU?

  • Applying for a PFCU Personal Loan is free.
  • We offer amounts from $500 to $25,000 with terms up to 60 months.

Can I get a debt consolidation loan with poor credit?

  • Our rates may vary depending on each borrower’s credit history and underwriting factors.

What is the best PFCU loan to consolidate my debt?

  • A PFCU Personal Loan allows you to borrow what you need and no collateral is required.

How much of a debt consolidation loan can I get?

  • We offer loan amounts from $500 up to $25,000

What will my monthly payments be like?

  • Use our Debt Consolidation Calculator to estimate how much you will pay each month. Experiment by changing the loan amount, payment terms or interest rate to design a custom loan that fits your budget.

How will I be able to keep track of my account?

  • You can view your payment history and account balance through Teller Net, our online banking system.

What is my first step in starting debt consolidation process with PFCU?

  • Call us at 215-934-3500, visit a PFCU branch or apply online. Please include the names and account numbers for the credit cards and account balances you are looking to consolidate.

Apply for a Debt Consolidation Loan

PFCU Checking accounts are available to all PFCU members 13 years or older who meet our account verification requirements.


"I am a Philadelphia based blogger and a busy mom. I like to share ways to get the most amount of fun in your day, no matter what things you have going on. Money and debt planning are very important, whether it is so you can travel more, have more adventures with the kids, or just to feel less stressed. Having a PFCU financial expert answering my questions and helping to guide me through these issues was extremely helpful."

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Please note that the amount of money contained in your investment accounts are considered non-deposit products and therefore, are not NCUA insured, not credit union guaranteed, may lose value, are not guaranteed by any government agency. Securities, Financial Planning and Insurance products are offered through LPL Financial, and its affiliates, Member FINRA, SIPC. LPL Financial and Philadelphia Federal Credit Union are independent entities.