Consolidating credit card debt with a personal loan

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In this episode, I’ll tell you the pros and cons of using personal loans to consolidate or pay off credit card debt.

You’ll find out the best places to apply for a personal loan and how consolidating affects your credit score.

Step 1: Gather information about all your debts To take control of your debt it is essential to know how much debt you have.

The main benefit of a personal loan is that it has a fixed term.

Money Girl explains the pros and cons of using personal loans to consolidate or pay off credit card debt.

You’ll find out the best places to apply for a personal loan and how consolidating affects your credit.

Free Resource: Request an invitation to join Dominate Your Debt—Laura’s private Facebook Group A personal loan is money you borrow to pay for just about anything, such as your wedding, a dream vacation, a new computer, medical bills, or to consolidate other debts.

There are two main types of personal loans: secured and unsecured.

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