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340: Should I Use a Personal Loan to Pay Off My Credit Cards?
Manage episode 342902945 series 1634509
With interest rates rising paying down credit card debt is a great idea. But is using a personal loan a smart way of eliminating credit card debt. This week a listener wrote in with this exact question so I will help walk them through what they should know before paying off their credit cards with a personal loan.
Sources
Average credit card APR - https://www.bankrate.com/finance/credit-cards/average-credit-card-apr/
Federal Reserve Consumer Credit Data - https://www.federalreserve.gov/releases/g19/current/
The Personal Finance Podcast - https://www.thepersonalfinancepodcast.com/get-rid-of-your-debt-once-and-for-all-with-chris-browning/
Join Me on YouTube! https://www.youtube.com/c/PopcornFinance
Want to submit a question to the show?
Send an email to questions@popcornfinance.com Send me a message at PopcornFinance.com/Voicemail or Call 707-200-8259
Connect with me Instagram | Twitter | Facebook | YouTube | TikTok
Thank you for listening to today’s episode. If you enjoyed it, I’d be grateful for your rating and review!
Music from Uppbeat (free for Creators!)
Learn more about your ad choices. Visit megaphone.fm/adchoices
481 епізодів
Manage episode 342902945 series 1634509
With interest rates rising paying down credit card debt is a great idea. But is using a personal loan a smart way of eliminating credit card debt. This week a listener wrote in with this exact question so I will help walk them through what they should know before paying off their credit cards with a personal loan.
Sources
Average credit card APR - https://www.bankrate.com/finance/credit-cards/average-credit-card-apr/
Federal Reserve Consumer Credit Data - https://www.federalreserve.gov/releases/g19/current/
The Personal Finance Podcast - https://www.thepersonalfinancepodcast.com/get-rid-of-your-debt-once-and-for-all-with-chris-browning/
Join Me on YouTube! https://www.youtube.com/c/PopcornFinance
Want to submit a question to the show?
Send an email to questions@popcornfinance.com Send me a message at PopcornFinance.com/Voicemail or Call 707-200-8259
Connect with me Instagram | Twitter | Facebook | YouTube | TikTok
Thank you for listening to today’s episode. If you enjoyed it, I’d be grateful for your rating and review!
Music from Uppbeat (free for Creators!)
Learn more about your ad choices. Visit megaphone.fm/adchoices
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