Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007
Re: Perosnal Loans
Yes, there are several reasons why you would want to roll this debt into a personal loan...Personal loans will generally have lower interest than a CC.. also utilization (30% of your score) on installment accounts is calculated differently than revolving credit.
 
Have you read the Scoring 101 thread yet?