If you have less than $10,000 in credit card debt, consolidating all your debt with a personal loan is your next best solution. It will help save on the interest you pay to the credit card directly and can help you pay off your debt faster with one easy payment!
Benefit:
– consolidates bills into one monthly payment
– typically offers a much lower interest rate than credit cards
Negatives:
– interest rates can get very high depending on income and credit score so make sure to carefully review terms