How to get a personal loan to pay off credit card debt
Taking out a personal loan to pay off credit card debt can help you not get a lower interest rate than what you're paying on your credit cards. consolidation. Get a simple fixed rate and a known payoff date. What would you do if you didn't have credit card debt? Check your A credit card consolidation loan is a personal loan you can use to pay off balances on your credit cards. than continuing to pay down your credit cards. loans with Credible can get a $ bonus!
How to get a personal loan to pay off credit card debt -
Consolidate with a personal loan. A debt consolidation loan is a type of personal loan that can help you combine several high-interest debts into a new hopefully lower-rate loan. The Ask Experian team cannot respond to each question individually. One popular way people pay off existing debt is tapping into the equity in their home. Matt Carter is a Credible expert on student loans. Marcus by Goldman Sachs. Our editorial team receives no direct compensation from advertisers, and our content is fact-checked to ensure accuracy. What to watch out for: You must have a U. By Brianna McGurran. For a personal loan to work when paying off credit card debtthe personal loan needs to have a substantially lower interest rate than the ones on the cards. Online lenders typically let you pre-qualify for a credit card consolidation loan without affecting your credit score.