You and credit card debt: consider taking a bank loan to pay credit card debts
Money Digest, May, 2002
The, current interest, rate on standard credit cards runs in excess of 18%. If you have a "low-rate" card, you will pay around 13%
Yet you can get a loan from your friendly bank at a rate that is anywhere from five-to-13 percentage points lower than what a standard credit card charges (depending on your credit rating). It makes sense to take a loan and pay off the card. And pay off your card every month
COPYRIGHT 2002 Money Digest
COPYRIGHT 2008 Gale, Cengage Learning
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