US Bank - Debt Consolidation
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US Bank offers top of the line customer service and highly values each individual relationship with their borrowers. They offer an online application form to expedite the debt consolidation loan process.
If you are currently a US Bank's customer with an excellent credit score, then their personal debt consolidation loans and home equity mortgages are a good way to consolidate debt.
However, their small loan (payday like) Simple Loan solution should only be used in rare cases and not as a form of dealing with debt. If you are suffering a financial hardship, then check out other debt relief solutions, including a debt settlement solution.
About US Bank Debt Consolidation
US Bank is the 5th largest commercial bank in the US providing financial services to consumers, businesses, and institutions. They offer a wide variety of consumer products including investments, debt and credit products.
US Band Debt Consolidation Loans
US bank offers many debt consolidation solutions including a personal debt consolidation loan, personal line of credit, and home equity debt consolidation loans (cash-out refinance, home equity loan, and home equity line of credit). To apply for US Bank Unsecured Personal debt consolidation loans, you need to be an existing US Bank customers. In general, you need a good to excellent credit score and income verification.
Here are is a brief review of US Bank debt consolidation offers:
US Bank Premier Loan
The premier loan is a personal unsecured loan. You can use them for a wide variety of reasons including consolidating debt. The main advantages are fixed payments, no origination fees, and an online application process. According to the US Bank site, the loans are offered up to $25,000 and are for existing US Bank customers.
US Bank Premier Line of Credit
Similar to the premier loan the US Bank Premier Line of Credit is offered for home improvements and debt consolidation. They point out that a customer can,
"Find relief from credit card balances and other high-interest debt. With a competitive APR, currently, 12.25%, a Premier Line of Credit could be your option for consolidating debt."
Some of the main benefits of a Premier Line of Credit are no annual fees, instant access to funds, easy access via an ATM machine, and competitive rates.
US bank offers a variety of mortgage debt consolidation loans. They recommend that if you are struggling with payments, "... consider using a home equity loan to consolidate your debt into a single, more manageable payment at a competitive rate. The main advantage of a home equity debt consolidation loan is lower interest rates and lower monthly payment. They offer Fixed Rate Mortgage loans for 10-15 years. According to their website, rates, as of November 11, 2018, was 4.89% for a 10-year term loan and 5.34% APR for a 15-year term. They note that "Rates shown for loans in the amount of $50,000-$250,000 up to 70% LTV, and for U.S. Bank Consumer Checking Package customers with a FICO score of 730 or higher".