Managing and
Consolidating Debt

Do you find yourself writing checks to multiple creditors each month, paying down a number of high-interest accounts little by little? The equity you've built in your home offers an opportunity to combine and pay off those balances over longer terms—and at potentially much lower interest rates—with a BB&T home equity loan or line of credit.

A BB&T home equity loan is an installment loan with a fixed rate and fixed payments. Borrowers draw against the equity in their homes to obtain a fixed amount of money, which they'll pay back over a fixed time period.

A home equity line of credit allows you to access a predetermined amount of money as you need it—much like a credit card, but with significant interest savings.

Compare that to how you may be paying your bills now—juggling a mailbox full of invoices every month, each with their own specific due dates and varying interest rates. By consolidating your debt using a BB&T low-interest home equity loan or line of credit, you’ll pay less interest and be able to pay off your debt more quickly. Better yet, it could even be tax-deductible.



Consolidating Debt with a
BB&T Home Equity Loan

  • Low Interest Rates
  • Fixed Rate and Term
  • Potential Tax Benefits
  • Advantage of Bill Consolidation—Make One Monthly Payment

The 'Old-Fashioned'
Approach to Paying Bills

  • High Interest Rates
  • Variable Payment Schedules and Rates
  • No Tax Benefits
  • Multiple Payments to Multiple Creditors

For more information, or to determine if debt consolidation is right for you, contact your local BB&T financial center or call 888-LOAN-BBT (888-562-6228), option 4.