Personal loans often have relatively high interest rates, but many people take them out to consolidate credit card debt that carried even higher ones.        

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Topics:  personal loan   credit card debt   
BING NEWS:
  • What is revolving credit?
    Credit cards and personal lines of credit are both forms of revolving credit. This type of borrowing is very flexible, but generally comes with high interest rates.
    05/4/2024 - 7:34 pm | View Link
  • Should you cancel a credit card?
    Canceling a credit card can damage your credit score because it lowers your available credit, leading to a higher credit utilization ratio. Here's what to consider before closing the account.
    05/4/2024 - 7:25 pm | View Link
  • How To Get a $50,000 Personal Loan (May 2024 Guide)
    But with good credit and a steady paycheck, you may have numerous options for this type of loan – whether you’re choosing to use it to consolidate debt ... of income (pay stubs, tax returns ...
    05/2/2024 - 1:00 pm | View Link
  • Want to Spend Less on Credit Card Interest in 2024? Do These 3 Things
    The more you spend on credit card interest, the less money you have for other expenses and goals. Read on for ways to spend less on interest this year.
    05/2/2024 - 9:00 am | View Link
  • This week's personal loan rates rise for 3-year terms, fall for 5-year terms
    Rates on 3-year fixed-rate loans averaged 16.32%, up from 15.14% the seven days before and from 13.71% a year ago. Rates on 5-year fixed-rate loans averaged 19.07%, down from 20.46% the previous seven ...
    05/2/2024 - 7:13 am | View Link
  • More

 

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