Personal loans are a great way to get the cash you need quickly may also be a better option that using a credit card, but you will have less control over how you pay these off. Like credit cards, there is considerable choice for the consumer in the personal loan market and it is important to shop around. Be aware that although some personal loans are advertised with a low APR, the actual APR you are offered may depend on your credit record. Debt consolidation loans also include home equity loans and home refinancing. The advantage of such loans is that they are low interest loans, very much lower than the rates of interest being charged on your multiple debts. Ensure that you make your monthly payments in time as you will be risking your home.
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