Overcoming high-rate debt is possible
We can help.
We can help you manage your high-rate debt
Breaking the cycle of high-rate debt can be difficult and daunting, but you don’t have to face the challenge alone. If you’re interested in turning multiple payments into one simple payment you can plan for, talk to the team at Redwood Credit Union. We can help you manage your debt with low-rate, simple solutions that work for you and your budget.

Personal Loans
Offering competitive, fixed rates and terms up to 84 months, transferring your debts to a personal loan gives you the power to borrow a lump sum and pay it back in set monthly payments.
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Auto Loans
If you have a car that’s less than 10 years old and completely paid off, you can use the equity of that vehicle to cover your other high-rate debt. You’ll then only have to focus on paying off one, low-rate loan.
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Home Equity Loans
Use the equity you’ve built in your home to pay off debt in a safe and reliable way. With loan amounts starting at $5,000, a home equity loan allows you to borrow an amount that works for you and offers set rates for predictable payments.
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Visa® Credit Card
Compare and choose the Visa card that aligns most with your budget and consolidation needs. All three of our cards feature no annual or balance transfer fees.* Plus, you can continue to use your card and generate rewards points with new purchases.
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Ready to achieve financial freedom with affordable, low-rate solutions?
Contact our experienced team today to find out which option makes the most sense for you.
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*Rates effective September 21, 2023. All rates, terms and special offers subject to change. Certain restrictions apply. For cash advances at a non-RCU location, the greater of 2% of the advance or $20 will be charged.
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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