anyone taken out a personal loan to pay off credit card debt?
![[Post New]](/jforum/templates/default/images/icon_minipost_new.gif){kind=icon}
Anonymous
| How did it work out for you? |
Anonymous
| [b] Not unless you know finances wise your able to pay that money back |
Anonymous
| Join a credit union and talk to someone there about a loan like that. Vastly different experience dealing with them. |
Anonymous
| I paid for grad school (well the 25 percent of tuition my employer did not pay) on a credit card that was zero percent apr for 18 months. After those 18 months I still had about 3 k left on the card and I knew that my apr was about to jump to something like 18 percent so I went to the credit union and applied for a 3k personal loan. I got it at 4 percent. I paid off my card and I eventually paid of the loan later that year. It seemed like a win win. I was just buying time at the cheapest rate I could get. |
Anonymous
| Doing that now. Got rate jacked by Citi (over 25%) and took out a personal loan (3.99%)with the credit union. |