Hey all!
I accumulated about $6k of credit card debt while in university. I have enough money to make the payments each month, but the interest rates are so high that I'm basically just swimming upstream. I.e. I make a payment of $150 a month, but then get $80 of interest charged.
That said, I understand personal loans have much smaller interest rates, and was wondering if it would be a good idea to take out a loan and pay off the cards (and then cut them off and put them in a box...).
Do you think this is a good idea? If so, what personal loan service might you recommend? I get advertisements for things like LendingClub all the time but I want to weigh my options.
Thank you so much!
Submitted February 02, 2018 at 09:44AM by hareandanser http://ift.tt/2nwIjL1
