Navy Federal Credit Union or NFCU began operations in 1933 and serves all active duty service providers from all branches of the military.
Membership offered to duty men and women, veterans, Department of Defense employees, and their family members.
NFCU offers many financial products and financial services, and this Navy Federal loan consolidation review highlights one of its many loan options.
Why would someone be interested in a debt consolidation loan? According to Experian data, Americans carried an average credit card debt of $5,910 in 2022, up 13.2% year over year.
Millions of people have credit card debt, store credit cards, or debt from other sources such as personal loans.
This means we are potentially paying thousands of dollars in interest over the years.
When consumers have to start juggling multiple debt repayment plans, many consider a debt consolidation plan.