Are Auto Debt Consolidation Loans For Me?

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Auto Debt Consolidation Loans

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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 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.

  • Streamlined Monthly Expenses

    With auto debt consolidation loans, borrowers can restructure their credit accounts for fewer bills to manage each month.

  • Lower APR

    Using an auto for debt consolidation loans may mean paying less overall interest if the new auto loan carries a lower APR.

  • Additional Cash

    Borrowers could receive cash out if the lender approves auto debt consolidation loans for more than a vehicle's current value.
Debt Consolidation Loans

Auto Debt Consolidation Loans Could Offset Costs

Consumers saw a 26% increase for gasoline, 11% increase for dairy products and a 6.8% increase for household energy from March 2007 to March 2008. Auto debt consolidation loans may help offset rising costs if they provide a lower monthly payment or cash out.

What If I Have Bad Credit?

If you have a few blemishes on your credit report, that doesn't mean you have bad credit. It also doesn't mean debt consolidation loans aren't for you. Some lenders, including Wells Fargo Financial, offer several options, even for those who may have missed a payment or two along the way.

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 Debt Consolidation Loans

Using your vehicle for debt consolidation loans is easy. Simply call 1-866-452-3413 or apply online.

1 Unadjusted percent change from March 2007 to March 2008, Consumer Price Index for All Urban Consumers (CPI-U): U.S. City Average, by expenditures (Table 1), Bureau of Labor Statistics, April 16, 2008,
http://www.bls.gov/news.release/cpi/t01/htm