How do I…
Debt Consolidation Loans
Auto debt consolidation loans
See footnote 2 below.
Are auto debt consolidation loans for me?
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 personal 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 personal debt consolidation loans, borrowers can restructure their credit accounts for fewer bills to manage each month.1
- 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.
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 personal debt consolidation loans
Using your vehicle for debt consolidation loans is easy. Simply call 1-866-452-3413 or apply for a debt consolidation loan online.
1 Wells Fargo Auto Finance does not make loans for educational purposes. Please call Wells Fargo Education Financial Services at 1-800-658-3567 if any portion of the proceeds is to be used for educational purposes, or to refinance/consolidate any loan you incurred for such purposes.
2Wells Fargo auto bill consolidation terms. Auto loan balance = $18,000. 12.9% APR. 60 month term. This is only an example of how relying on a vehicle to consolidate bills could help reduce monthly payment.