• About
  • Debt Help Video Tips
  • Debt Help Book Store
  • Contact
  • Best Credit Repair Companies

Bad Credit Freedom

Resources, Tips, & Advice

  • Featured
  • Debt & Credit Free
  • Debt & Credit Info
  • Debt & Credit Tips
  • News
  • Business Funding
  • $2,000 Amazon Gift Card

Should you get a personal loan to pay off credit card debt?


Should you get a personal loan to pay off credit card debt?

Recent research reveals a troubling trend: nearly half of American households carry credit card debt. On average, Americans with credit cards have $6,194 in debt, according to a recent Experian analysis and The Federal Reserve Bank reports usage is on the rise.

With credit card debt on the balance sheet for many Americans, consumers are turning to personal loans as a way to reduce financial stress and consolidate balances. “Personal loan interest rates may be lower than your current credit card interest rates,” said fee-only Certified Financial Planner Breanna Reish. “When working through debt they can be used as a tool to pay down debt faster by using a lower interest rate which in turn may result in a lower payment or faster pay down.”

Brought to you by Google News. Read the rest of the article here.

  • Facebook
  • Twitter
  • Pinterest

Related posts:

  1. Personal loans among the fastest-growing forms of consumer debt
  2. Should you get a personal loan to pay off credit card debt?
  3. Debt Consolidation With A Personal Loan
  4. Should you get a personal loan to pay off credit card debt? – Bankrate.com

Filed Under: Debt Help News Tagged With: Bad Credit, bad debt, Credit Cards, Debt news, pay off credit card debt

Subscribe to Our Newsletter

You’ve been successfully subscribed to our newsletter!

https://www.youtube.com/watch?v=72RAKcito3k
  • Email
  • Facebook
  • Instagram
  • Twitter

Recent Posts

  • 7 Ways to Identify a Credit Repair Scam – Securities.io January 18, 2021
  • Lafayette business receives cease and desist order for lack of credit repair bond – KLFY January 14, 2021
  • Spencer Boyd Adds Credit Repair Company, Credit MRI, to 2021 Sponsor Lineup – Speedway Digest January 14, 2021
  • Here are the 5 best loans for refinancing credit card debt – CNBC January 14, 2021
  • ‘7 things I wish I knew about paying off debt,’ from a YouTube star who paid off $200,000 in 2 years – CNBC January 13, 2021
  • Approach debt management with patience – Cleveland Jewish News January 13, 2021

Copyright © 2021 · Bad Credit Freedom · Privacy Policy