if you have a high-interest loan at a finance company like One Main Financial or Mariner Finance,1 you may be able to save thousands by refinancing at Afena…
Finance companies like One Main and Mariner Finance1 exist for one reason: to make as much money from their customers as possible. They promise fast and easy loans for anyone, but what they really do is charge you thousands of additional dollars to borrow money at a higher interest rate than you deserve.
We know our members deserve SO MUCH BETTER! That's why Afena is committed to helping members save thousands of dollars by refinancing their high-interest rate finance company loans through the credit union instead.2
To find out how Afena may be able to help you refinance your high-interest debt, please fill out the form below and a loan officer will follow up with you in the next 24-28 hours. Or, if you don't want to wait, just stop into your nearest branch today or call 765.664.8089 to talk with a loan officer. Our amazing staff is standing by and ready to help.
Don't spend another month throwing your money away on high-interest loan payments; open your eyes to refinancing at Afena.
When L.A. (pseudonym) finally took his daughter’s advice and joined Afena Federal Credit Union in April earlier this year, he wasn’t expecting much. L.A. and his wife live in Wisconsin, where he’d been a member of a credit union for 26 years.
Shortly after refinancing his auto loan, L.A. received a call from Tiffany Burdette, Branch Manager of Afena North. The credit union had reviewed his credit report as part of a loan committee meeting, and Tiffany was curious if he would be interested in seeing if Afena could help refinance some of his high-interest debt. L.A. was interested but cautious. “I figured no one’s going to lend money to us,” he explained. He was also surprised; he’d asked his credit union in Wisconsin for help consolidating his debt and had been told no.
Most of his debt that he had when he joined Afena was from paying for cancer treatment and medicine. To get the money he needed, L.A. used credit cards and took out personal loans at One Main Financial three other finance companies. At the time, it seemed like a fast convenient alternative to borrowing from his credit union in Wisconsin.
He credits Afena with opening his eyes to how much money he was wasting by borrowing from finance companies that loan money to customers at a higher interest rates than they actually deserve. Early on, L.A. was asked to find out what the interest rates were on his finance company loans and call back to let Tiffany know. He was shocked at what he learned. “I was paying $190 a month and one loan. But the interest rate was 108%. So actually, I was only paying $82 towards principle.”
Thanks to Afena, L.A. was able to consolidate all almost of his debt into a single $36,000 loan, which saved him money and substantially improved his financial situation. “When they offered me the loan, I was able to pay off everybody except One Main. I still pay them $322 a month. But now I have $1,400 extra dollars in my bank account every month. That’s how much money I saved refinancing my debt with Afena.”
L.A. credits Afena, especially Tiffany, for going above and beyond to help him get into a better financial position.“We decided to come down to meet Tiffany in person to sign the papers, and that’s exactly what we did. And believe me, it really made us a lot better financially. I belonged to a credit union for 26 years here in Wisconsin and they couldn’t help us at all. But Afena took a chance on us, and of course, we’re not going to let them down.”
Despite living in Wisconsin, he is eligible for membership because he has an immediate family member who is a member of Afena...a benefit of which he plans to take full advantage. “You guys are going to be there for us until the day I die.”
Tiffany had a member come in that had several credit cards and loans from finance companies all with high interest rates, paying a total of $1,520.79 a month! She was able to get their rate down to 10.95% and combine everything they owed into a personal loan with a monthly payment of $780.81 a month. Our member is now SAVING $740 A MONTH!!
Nikita had a member come in to refinance an auto loan with Afena. While looking at their credit report, she noticed several high interest loans with local finance companies. Nikita was able to move all their loans and the auto loan to Afena saving them $405 a MONTH by lowering their interest rates from as high as 37% as low as 4.99%!! Good eye, Nikita!
Be our next member testimonial! Contact Afena today to find out how we can help you!
1. Afena Federal Credit Union is not affiliated with, or acting on behalf of, either One Main Financial or Mariner Finance. 2) All loans subject to underwriting guidelines.