Do personal loans make sense for credit card debt?
Asked By: Daniela Fritsch
Date created: Tue, Jan 19, 2021 10:53 PM
Date updated: Fri, Feb 17, 2023 1:46 PM
Video answer: Should i move credit card debt to a personal loan?
Top best answers to the question «Do personal loans make sense for credit card debt»
You Could Boost Your Credit ScoreTaking out a personal loan increases your credit mix, which makes up 10% of your score. It shows creditors and lenders that you're responsible with money by carrying many different types of credit and debt. You'll also lower your credit utilization by paying down your debt.
Video answer: When to prefer personal loan over credit card debt