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- A personal loan can be a helpful tool for consolidating and paying off credit-card debt.
- According to data analyzed by Credible, the “spread” between the average credit-card interest rate and average personal loan interest rate is nearly seven percentage points an all-time high.
- If you have good credit but are working to pay off a credit card, you could save money on interest by taking out a personal loan and using the cash to pay your balance, then making fixed paymen…
Read the full article at: https://www.businessinsider.com/personal-finance/save-money-credit-card-debt-consolidation-2020-6
