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Top 10 Personal Loans for Debt Consolidation. ... with interest rates as low as 8.98%. Loan terms are 24 to 60 months and origination fees cost between 3% and 8%. Details.
Using the example above, if you take out a $5,000 debt consolidation loan with a three-year term and an 11 percent fixed interest rate, you’ll pay $164 per month and $892.97 in interest over the ...
Debt consolidation vs. personal loan. Debt consolidation is a form of debt refinancing in which the borrower takes out a loan, credit card or line of credit and uses it to pay off other debts ...
High-interest debt, such as credit card debt, might make you a good candidate for a debt consolidation loan since personal loans tend to have lower interest rates than credit cards. But aside from ...
Not only will consolidating your credit card debt simplify your repayment process, it can also save you thousands of dollars in interest accrual, as personal loans have an average interest rate of ...
Lower interest rates: Depending on your credit score, you could find yourself paying a lower interest rate through a debt consolidation loan or credit card transfer. A lower interest rate means ...
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