Start My Answer

SDCCU Debt Consolidation Review

Melissa Lyken | December 01, 2022

Consolidate your debts and save.

Summary: Aren't credit unions supposed to be more understanding than big banks? That's not always true when you default on a loan. Find out how to defend yourself against San Diego County Credit Union.

If you are struggling to pay off your debts, you are among the millions of Americans in a similar situation. It is incredibly stressful when creditors constantly hound you for mortgage payments, medical bills, student loans, and credit card bills.

If you're in debt, the chances are that you can't afford to hire an accountant. That means that you're handling it all by yourself. You have to remember how much money you owe each creditor when it's due and who to pay. Even the smallest mixup could ruin your credit score and result in a world of trouble.

Who Is San Diego County Credit Union?

San Diego County Credit Union (SDCCU) offers low-interest payment rates to people living or working in the area. The company provides various loan services that include purchase, refinance, home equity, jumbo mortgages, and additional services at fixed and adjustable rates. With over 44 branches, this is a well-established company that provides quality services and delivers on its promises.

Additionally, you'll need to know what services the company offers:

  • Loans offered: purchase, refinance, home equity, jumbo mortgages, and additional services at fixed and adjustable rates.
  • Loans not offered: veteran (VA), Federal Housing Administration (FHA), USDA, or home improvement categories.

Respond to debt collection lawsuits in 15 minutes with SoloSuit.

How Debt Consolidation Works

Debt consolidation is a money management process that requires a mediator. They contact all of your creditors and come up with a policy that everyone agrees with, and you end up with a single amount to pay to one creditor.

The primary benefit of debt consolidation, besides being able to have all of your monthly payments bundled into one, is taking advantage of a lower interest rate. Debt consolidation is usually beneficial to debtors who have high-interest debts. Obtaining a lower interest rate allows you to pay your debt off faster.

Debt consolidation companies stay in business because they can reduce your monthly installments. As a debtor, it is hard to make ends meet when a large chunk of your income goes towards debt. Any decrease in this sum can make a big difference to your quality of life. Take an accurate look at all of your debts and current interest rates to determine if working with a debt consolidation company may benefit you.

SDCCU's Methods for Debt Consolidation

Debt consolidation companies pool all your loans together. Then they give you an interest rate that they have already discussed with your creditors. However, there is no guarantee that you'll receive a lower interest rate as it depends on the creditor, your credit score, and the details of your specific case.

Generally, however, there is some leeway for a debt consolidation company to negotiate on your behalf. If you choose to consolidate your debts, you agree to extended payments. While this may be an unavoidable scenario, you should ask your company exactly how long you will need to pay.

Use SoloSuit to respond to debt collectors fast.

The Pros of Working with SDCCU

1. Low interest rates

SDCCU is a top choice among debtors because they offer lower interest rates than other lenders on the market. They offer custom quotes on a case-by-case basis, and clients with higher credit scores receive better rates.

SDCCU provides clients with three 5/5 ARM packages. These competitive options mean you can make a downpayment at a low ten percent rate and not have to pay closing costs to get complete lender-paid mortgage insurance. These interest rates only change after five years, and SDCCU policies restrict rate changes with a five percent band of the initial rate.

2. Low origination fees

Another positive when choosing this service is their low origination fees. When you sign up for this service, the minimum downpayment is five percent. Since it is a credit union and not a for-profit organization, you have the assurance that they are working for you and not to meet their financial benchmarks.

3. Transparent service

When you're trusting an agency to manage your money, a high level of transparency is essential. The best part about SDCCU is that their website openly states their rates and terms for various programs. These include mortgage packages over 10, 15, 20, or 30-year spans at a fixed rate, adjustable terms over 5 to 7 years, and home equity loans with fixed rates. The range of options means there is a high chance you will find what you're looking for.

Defend yourself against debt collectors with SoloSuit.

The Cons of Working with SDCCU

1. Limited service options

SDCCU does not offer VA Loans, Federal Housing Administration or FHA loans, USDA or home improvement categories. So if you're looking for help in these categories, this is not the agency for you.

2. No online loan tracking

Many people rely on online processing to pay their bills and manage their finances. If this sounds like you, it may be disappointing to learn that SDCCU does not offer internet tracking services.

Our Final Verdict on SDCCU Debt Consolidation

The main factor that makes San Diego County Credit Union a reliable and authentic option is the high level of transparency they offer. All you need to do is visit their website to check out the types of loans they offer and the corresponding rates. These payment plans range from 5 to 30 years in the fixed-rate and adjustable-rate categories. So you can pick whichever loan best suits your needs.

Additionally, SDCCU is a union, not a company. This means that members own shares, and there is no board or stockholders. It isn't run for profit, and no hidden financial goals are at play. As a result, their number one priority is helping their clients. This makes them far more reliable than other debt consolidation agencies.

Overall, SDCCU receives a solid 4.5 out of 5 online rating, which is excellent news for the people of San Diego, Riverside, and Orange counties. When broken down, this ranking includes:

  • 5 out of 5 stars for loan types
  • 5 out of 5 stars for rate transparency
  • 4 out of 5 stars for online convenience
  • 4.5 out of 5 stars for rates and fees

What is SoloSuit?

SoloSuit makes it easy to respond to a debt collection lawsuit.

How it works: SoloSuit is a step-by-step web-app that asks you all the necessary questions to complete your answer. Upon completion, you can either print the completed forms and mail in the hard copies to the courts or you can pay SoloSuit to file it for you and to have an attorney review the document.

Respond with SoloSuit

"First time getting sued by a debt collector and I was searching all over YouTube and ran across SoloSuit, so I decided to buy their services with their attorney reviewed documentation which cost extra but it was well worth it! SoloSuit sent the documentation to the parties and to the court which saved me time from having to go to court and in a few weeks the case got dismissed!" – James


Get Started


>>Read the FastCompany article: Debt Lawsuits Are Complicated: This Website Makes Them Simpler To Navigate

>>Read the NPR story on SoloSuit: A Student Solution To Give Utah Debtors A Fighting Chance

How to Answer a Summons for Debt Collection Guides for Other States

Here's a list of guides for other states.

All 50 states.

Guides on How to Beat Every Debt Collector

Being sued by a different debt collector? We're making guides on how to beat each one.

Win Against Credit Card Companies

Is your credit card company suing you? Learn how you can beat each one.

Going to Court for Credit Card Debt — Key Tips

How to Negotiate Credit Card Debts

How to Settle a Credit Card Debt Lawsuit — Ultimate Guide

Get Answers to These FAQs

Need more info on statutes of limitations? Read our 50-state guide.

Why do debt collectors block their phone numbers?

How long do debt collectors take to respond to debt validation letters?

What are the biggest debt collector companies in the US?

Is Zombie Debt Still a Problem in 2019?

SoloSuit FAQ

If a car is repossessed, do I still owe the debt?

Is Portfolio Recovery Associates Legit?

Is There a Judgment Against Me Without my Knowledge?

Should I File Bankruptcy Before or After a Judgment?

What is a default judgment?— What do I do?

Summoned to Court for Medical Bills — What Do I Do?

What Happens If Someone Sues You and You Have No Money?

What Happens If You Never Answer Debt Collectors?

What Happens When a Debt Is Sold to a Collection Agency

What is a Stipulated Judgment?

What is the Deadline for a Defendant's Answer to Avoid a Default Judgment?

Can a Judgement Creditor Take my Car?

Can I Settle a Debt After Being Served?

Can I Stop Wage Garnishment?

Can You Appeal a Default Judgement?

Do I Need a Debt Collection Defense Attorney?

Do I Need a Payday Loans Lawyer?

Do student loans go away after 7 years? — Student Loan Debt Guide

Am I Responsible for My Spouse's Medical Debt?

Should I Marry Someone With Debt?

Can a Debt Collector Leave a Voicemail?

How Does Debt Assignment Work?

What Happens If a Defendant Does Not Pay a Judgment?

How Does Debt Assignment Work?

Can You Serve Someone with a Collections Lawsuit at Their Work?

What Is a Warrant in Debt?

How Many Times Can a Judgment be Renewed in Oklahoma?

Can an Eviction Be Reversed?

Does Debt Consolidation Have Risks?

What Happens If You Avoid Getting Served Court Papers?

Does Student Debt Die With You?

Can Debt Collectors Call You at Work in Texas?

How Much Do You Have to Be in Debt to File for Chapter 7?

What Is the Statute of Limitations on Debt in Washington?

How Long Does a Judgment Last?

Can Private Disability Payments Be Garnished?

Can Debt Collectors Call From Local Numbers?

Does the Fair Credit Reporting Act Work in Florida?

The Truth: Should You Never Pay a Debt Collection Agency?

Should You Communicate with a Debt Collector in Writing or by Telephone?

Do I Need a Debt Negotiator?

What Happens After a Motion for Default Is Filed?

Can a Process Server Leave a Summons Taped to My Door?

Learn More With These Additional Resources:

Need help managing your finances? Check out these resources.

How to Make a Debt Validation Letter - The Ultimate Guide

How to Make a Motion to Compel Arbitration Without an Attorney

How to Stop Wage Garnishment — Everything You Need to Know

How to File an FDCPA Complaint Against Your Debt Collector (Ultimate Guide)

Defending Yourself in Court Against a Debt Collector

Tips on you can to file an FDCPA lawsuit against a debt collection agency

Advice on how to answer a summons for debt collection.

Effective strategies for how to get back on track after a debt lawsuit

New Hampshire Statute of Limitations on Debt

Sample Cease and Desist Letter Against Debt Collectors

The Ultimate Guide to Responding to a Debt Collection Lawsuit in Utah

West Virginia Statute of Limitations on Debt

What debt collectors cannot do — FDCPA explained

Defending Yourself in Court Against Debt Collector

How to Liquidate Debt

Arkansas Statute of Limitations on Debt

You're Drowning in Debt — Here's How to Swim

Help! I'm Being Sued by My Debt Collector

How to Make a Motion to Vacate Judgment

How to Answer Summons for Debt Collection in Vermont

North Dakota Statute of Limitations on Debt

ClearPoint Debt Management Review

Indiana Statute of Limitations on Debt

Oregon Eviction Laws - What They Say

CuraDebt Debt Settlement Review

How to Write a Re-Aging Debt Letter

How to Appear in Court by Phone

How to Use the Doctrine of Unclean Hands

Debt Consolidation in Eugene, Oregon

Summoned to Court for Medical Bills? What to Do Next

How to Make a Debt Settlement Agreement

Received a 3-Day Eviction Notice? Here's What to Do

How to Answer a Lawsuit for Debt Collection

Tips for Leaving the Country With Unpaid Credit Card Debt

Kansas Statute of Limitations on Debt Collection

How to File in Small Claims Court in Iowa

How to File a Civil Answer in Kings County Supreme Court

Roseland Associates Debt Consolidation Review

How to Stop a Garnishment

Debt Eraser Review