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Balance transfer credit card. A balance transfer card allows you to combine debts from other credit cards — usually credit cards from other companies only — at a temporary 0 percent interest rate.
The idea here is to pay a lower interest rate on a consolidation loan or balance transfer credit card than you currently have. This is doable with a “good” credit score, which is at least 670 ...
A balance transfer involves moving debt from a high-interest credit card to one with a lower APR. Many credit card companies even offer a 0 percent APR promotion where balances transferred accrue ...
Bankrate’s take:Debt consolidation loanscan be used for consolidating credit card debt, medical debt and student loan debt. 4. Peer-to-peer loan. Peer-to-peer (P2P) lending platforms pair ...
LightStream is a division of Truist Bank and offers a host of benefits for debt consolidation loans, including $0 fees, same-day funding, loan terms up to 84 months and loan limits up to $100,000.
A debt consolidation loan is best for when you have unsecured debt that you can’t pay off within a year — such as credit cards and high-interest personal loans. Loan amounts can range from ...
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