Thsi IS good advice. However........what people don't realize (or they MAY realize this..) is that if you ARE approved for a personal loan, your credit score automatically drops because you will have more debt. It's almost like a 'catch 22'...you need 'credit' to improve your credit scores: the more 'credit' you have, the more in debt you will be in.
I would say, I'll go for gov't loans as they have low interest rates and pay my debt, I have tried this and it worked for me. You see if you are to wait for your interest rates to pile up then you will suffer.
persoanl loan
Thsi IS good advice. However........what people don't realize (or they MAY realize this..) is that if you ARE approved for a personal loan, your credit score automatically drops because you will have more debt. It's almost like a 'catch 22'...you need 'credit' to improve your credit scores: the more 'credit' you have, the more in debt you will be in.
What are ther pros and cons of taking out a second loan to pay down credit card debts?
I would say, I'll go for gov't loans as they have low interest rates and pay my debt, I have tried this and it worked for me. You see if you are to wait for your interest rates to pile up then you will suffer.
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