Union Square’s loan offers generally have lower interest rates than credit card companies and they have a fixed payment schedule of principal and interest, so you know exactly when you will pay off your consolidated debt. To avoid doubt, your interest rate is FIXED with a loan through Union Square Financial. Most credit card rates are variable, increasing as the prime rate increases. Lock in a FIXED rate today, the Fed may raise rates again soon.

We use the information in your credit report to determine initially that you satisfy certain criteria for creditworthiness in conjunction with this offer. Until you apply and provide all the needed information, the pre approval is contingent. If, after you respond to this offer, it is determined that you no longer satisfy that criteria, credit may not be extended to you. This can happen if your credit score has recently decreased. Additionally, credit may not be extended to you if you don’t have sufficient income to support your loan payments.

There are fees or penalties for early payment of your loan. You only pay interest on your loan on the outstanding balance, so early payment will also reduce your interest charges. Any fees already paid, including origination or fees, will not be refunded.

No collateral is required or accepted for a loan through Union Square Financial.