Can a Personal Loan Help You Dig Out of Debt?
“The advantage of this is that you now have one debt payment per month,” said Mike Cetera, Loans Editor at Forbes Advisor. “And you’ll pay it off in a fixed amount of time, whereas credit cards you can go on paying those forever if you don’t pay them off.” Download our NBC Washington app for iOS or Android to get alerts for local breaking news and weather. Cetera says you should keep some things in mind when shopping around for a personal loan. First up, research lenders and make a list of a few to compare. Look beyond your own bank because you may find a better rate somewhere el...