Best credit card for consolidating debt Dating nachricht

06-Apr-2019 10:07

Between sky-high interest rates and low minimum payments, there’s no end in sight for some borrowers.

household has ,662 in credit card debt and ,172 in student loan debt. But despite the lower average balance, credit cards might pose a greater threat to your financial well-being than student loans.

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For example, if you moved ,000 in debt to a three-year personal loan with a 12.00% APR, your monthly payment would be 8.So, depending on the situation, using a personal loan to pay off credit cards could be more expensive, even if the loan has a lower interest rate.