Consolidating credit card debt with a personal loan

Posted by / 12-May-2020 22:01

Consolidating credit card debt with a personal loan

In short, you need a chunk of money quickly to cover a big expense. A friend invited you on the vacation of a lifetime—with a price tag to match.

With a personal loan from Earnest, you can sweep away high rates and swap them for a single, lower rate.Others take out personal loans to pay off other debts.For instance, you might take out a personal loan to pay off a large credit card balance at a lower interest rate, or to consolidate a lot of different debts into one monthly payment.What are some of the benefits of credit cards compared with personal loans?If you need a relatively small sum of money—say, between

With a personal loan from Earnest, you can sweep away high rates and swap them for a single, lower rate.

Others take out personal loans to pay off other debts.

For instance, you might take out a personal loan to pay off a large credit card balance at a lower interest rate, or to consolidate a lot of different debts into one monthly payment.

What are some of the benefits of credit cards compared with personal loans?

If you need a relatively small sum of money—say, between $1,000 and $5,000—a credit card may be a better option than a personal loan.

||

With a personal loan from Earnest, you can sweep away high rates and swap them for a single, lower rate.Others take out personal loans to pay off other debts.For instance, you might take out a personal loan to pay off a large credit card balance at a lower interest rate, or to consolidate a lot of different debts into one monthly payment.What are some of the benefits of credit cards compared with personal loans?If you need a relatively small sum of money—say, between $1,000 and $5,000—a credit card may be a better option than a personal loan.

,000 and ,000—a credit card may be a better option than a personal loan.

consolidating credit card debt with a personal loan-81consolidating credit card debt with a personal loan-13consolidating credit card debt with a personal loan-85

(This type of personal loan is called a debt consolidation loan.) What are some of the benefits of personal loans compared with credit cards?