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  2. Personal loans vs. credit cards: Which is better for you? - AOL

    www.aol.com/finance/personal-loans-vs-credit...

    Personal loans. Credit cards. Average interest rates. 11.91%. 20.75%. Repayment terms. Make fixed monthly payments during a set period, typically between 12 and 84 months

  3. 8 types of personal loans and their uses — plus 5 to avoid

    www.aol.com/finance/types-personal-loans-uses...

    Credit card cash advances: Some credit card issuers allow you to take a cash advance from your available credit at an ATM or bank. This perk comes at a hefty cost. This perk comes at a hefty cost.

  4. What is a personal loan? How it works — and what to know ...

    www.aol.com/finance/what-is-a-personal-loan...

    The average credit card interest rate was 21.51% in May 2024, according to the Federal Reserve — just over 10 percentage points higher than the average personal loan interest rate. That lower ...

  5. How to pay off your credit card debt: A step-by-step game ...

    www.aol.com/finance/how-to-pay-off-credit-card...

    These loans can offer significant interest savings compared to keeping debt on your current credit cards. Two-year personal loans have an average APR of 12% for borrowers with good credit, versus ...

  6. Personal loans are masking Americans’ credit card problems

    www.aol.com/finance/personal-loans-masking...

    According to LendingTree, the average balance for those who paid off between $1,000 and $4,999 in credit card debt with a personal loan saw their average balance dip from $9,541 to $7,004 two ...

  7. Personal loan vs. personal line of credit: What’s the ... - AOL

    www.aol.com/finance/personal-loan-vs-personal...

    Personal loan and line of credit alternatives. While personal loans and personal lines of credit are useful financial tools, they won’t always be the right choice. Credit cards offer similar ...

  8. The biggest pros and cons of personal loans for bad credit - AOL

    www.aol.com/finance/pros-cons-bad-credit-loans...

    Personal loans from traditional banks and credit unions usually require good or excellent credit. But, as the name suggests, a bad credit loan is easier to get for borrowers with fair or poor credit.

  9. Teaching kids about credit cards and debit cards - AOL

    www.aol.com/finance/teaching-kids-credit-cards...

    A credit card is basically a type of loan that you apply for with a credit card issuer. When using a credit card, you borrow money from the credit card issuer under the premise that you’ll pay ...