I'm thinking of taking out a personal loan to pay for 15k debt. - Currently I have 11k in CC debt and 3k in auto loans. At 29% APR for my CCs I think it would be smart to take out a loan to pay it all off. According to Credit KARMA I have great approval rates for a loan for 15k at 9%APR. My credit is around 740 and currently employed. So my question is if it's a good idea to take out a personal loan? I know this community encourages people to consider consolidating your debt with a 0 APR CC first before taking out a loan. Personal Finance

I'm thinking of taking out a personal loan to pay for 15k debt. - Currently I have 11k in CC debt and 3k in auto loans. At 29% APR for my CCs I think it would be smart to take out a loan to pay it all off.

According to Credit KARMA I have great approval rates for a loan for 15k at 9%APR. My credit is around 740 and currently employed.

So my question is if it's a good idea to take out a personal loan? I know this community encourages people to consider consolidating your debt with a 0 APR CC first before taking out a loan.


Shortnsalty 33d

Berkshire is hoarding so. much. cash.

Berkshire is hoarding so. much. cash.
Goldrush_Greg 64d

Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends

Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Stonksurfer42 94d

Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on

Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Moonbagjack 125d

Where does this end up long term with small stocks suffering white giant caps are taking all the coin?

Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Chartwizard_Au 155d

🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...

🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
Tendies_Inbound 1y

#ASX:ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?

Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?