Oct 3, 2022
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!)