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Should you close credit card debt with a personal loan?

Should you close credit card debt with a personal loan?

Saturday, July 1, 2017, 4:47 PM

Credit card interest rates are typically among the highest rates you will ever pay. Interest rates on credit card is as high as 24-36% a year. By comparison, personal loan interest rates are often much less expensive, especially if you have good credit score. The interest rate on personal-loan is around 15-18%. So it is advisable to close credit card debt with personal-loan.
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