A longtime member recently came to us after going through a divorce. She had financed her vehicle outside the credit union, and both the payment amount and interest rate were high. As she adjusted to life on a single income, she began having difficulty keeping up with her bills.
We were able to refinance her vehicle at a lower interest rate and extend the loan term, resulting in a reduction of nearly $200 in her monthly payment. That lower payment has made a meaningful difference, giving her the breathing room she needs to cover her expenses and regain a sense of stability as she navigates this new chapter of her life.
