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.
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