It’s no secret that Americans are drowning in credit card debt. The average U.S. household owes over $16,000 in credit card debt. While there are times when a credit card is the best option, such as for EMV-compliant payments or when you need to earn rewards points, there are many situations where a personal loan is a better option. Here are four signs that it might be time to take out a personal loan instead of continuing to rack up credit card debt: 1) You can secure a low-interest rate personal loan With interest rates on credit cards averaging around
The post When to Take Out a Loan Instead of Using Your Credit Card? A Guide by Western Wall Capital appeared first on The Merkle News.
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