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  • Should I take out a loan to pay my debts?

    Should I take out a loan to pay my debts?

    Thursday, April 12 2018 3:35 PM EDT2018-04-12 19:35:34 GMT

    12 APR 18 14:57 ET Anna Bahney     (CNN Money) -- "I have student loan debt and have racked up about $6,000 in credit card debt over the last three years. I'm thinking of taking out a personal loan. Is this the most effective way to pay down debt?" The ads by personal loan issuers can be compelling: "Would you rather pay 16% on your credit card or 6% on a loan?" But does it make sense to take on debt to pay off debt? Dave Ramsey, the ...

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    12 APR 18 14:57 ET Anna Bahney     (CNN Money) -- "I have student loan debt and have racked up about $6,000 in credit card debt over the last three years. I'm thinking of taking out a personal loan. Is this the most effective way to pay down debt?" The ads by personal loan issuers can be compelling: "Would you rather pay 16% on your credit card or 6% on a loan?" But does it make sense to take on debt to pay off debt? Dave Ramsey, the ...

    More >>
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