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If you’re struggling with a debt payback plan, this advice could help.
Key points
- Paying back debt can be a challenge, especially if you have to decide what debts to pay first.
- You can solve this dilemma with a personal loan, as you can use it to consolidate your debts to just one monthly payment.
If you are working on paying back debt, chances are good that you’ll be faced with a difficult choice. Most likely, you will owe multiple different creditors money. For example, you might have several credit cards that have balances you must pay back. You might even have other loans like installment or payday loans.
There are lots of different theories on which debt you should repay first. Some experts, like…
Read the full article at: https://www.fool.com/the-ascent/personal-loans/articles/how-personal-loans-can-help-you-solve-a-common-debt-payback-dilemma/