u/Extension_Bag_9239

Personal Loan—Good or Bad?

Would it be a bad move to take out a personal loan (3-4 year repayment with low APR) to use with the intent to pay down higher interest credit card debt and consolidate things into one monthly payment? Would this harm my credit score even though it would free up credit card balances that I could keep at $0?

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u/Extension_Bag_9239 — 4 days ago