In addition, a personal loan may improve your credit if it means your credit card balances shrink relative to the credit limits.
In addition to paying off your balance before the rate increases, you’ll want to avoid making further charges.
A personal loan offers some advantages over balance transfer cards.
If you’ve got mountains of debt piling up, it can be all-too-easy to throw your hands in the air and turn a blind eye to burgeoning balances.
But, remember, ignoring your debts won’t make them go away and, moreover, there are ways to get out of the red.
Almost all lenders require you to be 18 years or older and a legal U. resident with a verifiable bank account and not in bankruptcy or foreclosure.