Loan Information

Are You Knee Deep In Bills?

A Bill Consolidation Loan From Dollar Bank Can Help!

If you are feeling overwhelmed by your bills, you're not alone. Many people find themselves seeking a solution to a fairly common problem - too many bill payments and too little left over for day--to-day expenses.

There is an easy way for you to reduce your monthly bill payments. Look into a bill consolidation loan from Dollar Bank. When you take out one loan to pay off your bills, you may wind up with a substantially lower monthly payment. Just imagine what you could do with the savings!

How Much Can You Save?

Depending upon your financial situation, you may be able to save hundreds of dollars by consolidating your bills. The example below shows the potential for savings when a Dollar Bank fixed rate Personal Loan at 11.74% APR is used to pay off higher-rate store charges and credit cards.

Of course, when you consolidate your bills you may be extending your repayment period on certain debts. You'll want to think about what is more important to you - paying off your bills quickly or reducing your monthly payments. You can use the worksheet below to help you determine how much you can save.

Current CreditBalance OwedTypical Monthly Payment
Bank credit card #1$2,500$75
Bank credit card #2$1,500$45
Department store card #1$600$60
Department store card #2$500$50
Auto Loan$2,150$250
Total$7,250 $480
Monthly payments on a combined balance of $7,250 using a fixed rate Personal Loan for 48 months at 11.74% APR = $190
This is a potential monthly savings of $ 290 every month!

Use the following worksheet to help you determine how much you can save.
Current CreditBalance OwedTypical Monthly Payment
1$$
2$$
3$$
4$$
5$$
Total$$
Monthly payments on a Dollar Bank Bill Consolidation Loan
__________________________________ at________% APR $___________
Your Monthly Savings.....................................................................................$___________
(A Dollar Bank representative will be happy to assist you with these calculations.)

Pick The Loan That Suits Your Needs.

When you're consolidating your bills, pick the loan that's right for you. Whether it's a personal or home equity loan, we'll help you to come out ahead. And, qualifying home equity loan interest may be tax deductible (consult your tax advisor).

Apply Today!

Start saving right away - apply for a bill consolidation loan today. Stop by our office, call 1-800-242-BANK or click here.

11.74% APR is an example rate of a personal loan. Chart is for illustration purposes. Your monthly savings may vary.

To try our loan calculators, click here.

The information presented in this publication is general in nature; it is not our intention to provide specific advice to individuals or a comprehensive discussion of the subject matter. We suggest that you consult with your financial or tax advisor, accountant or attorney to obtain specific advice or comprehensive information.
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