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Simplify Your Debt with Consolidation
Debt consolidation is a smart way to take control of multiple high-interest debts by moving them into a single loan or credit line—helping you save on interest and stay on track. With the right plan, you can reduce financial stress and work toward a debt-free future.
Benefits/Features
Lower Interest Rates
Save money by moving high-interest debt into a more manageable loan.
One Monthly Payment
No more juggling multiple payments—just one simple bill each month.
Clear Payoff Timeline
Know exactly when you'll be debt-free and plan with confidence.
Boost Your Credit Score
Consolidating debt can help reduce balances and improve your score.
Ways To Consolidate Debt
Personal Loan
Pay off outstanding debts and roll them into one low-interest loan with OE Federal’s smart solutions.
Home Equity Loan
Consolidate high-interest debt with an OE Federal Fixed Home Equity Loan—lower rates, fixed payments, and financial control.
Learn more about Home Equity Loans
Balance Transfer
Move debt to a low-interest Visa STEEL or STEEL Rewards credit card, helping you save more and earn rewards along the way.
Compare Visa STEEL Credit Cards
BALANCE, Financial Fitness Partner
Get free, confidential financial counseling, covering debt consolidation, budgeting, credit review, and more.
Will consolidating my debt into a new loan be beneficial?
With interest rates at historical lows, it may make sense to consolidate some of your credit card and other personal debt into a new consolidated loan - perhaps a home-equity loan. Consolidation loans can significantly reduce your required monthly payment because they are generally amortized over 10 or 15 years. Use this debt consolidation calculator to determine how quickly you could get out of debt and how much interest you might save.
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