[Grim~ (Banned)]

So i got preappoved for a $6000 loan with a fixed intrest rate and was wondering if i should get it to pay all my bills. right now i have 4 bills i pay 3 being credit cards and one a personal loan. If the interrest rate isnt too high on that 6k loan should i take that and use it to pay off those four bills and just have one bill for that loan? i wouldnt use all of the 6k so whatever i dont use is getting paid back.

[notunknownguy]

Depends on the interest rate you get on the loan, and the rates on the credit cards/loan.

[Thrill.Ride07]

The investment triangle goes

Pay off debts
Save money
Invest money

Debts will have much higher interest rates than what you can make in the markets. Unless you are just pure spec where you can lose just as much.

[PbN_AutoTrader]

Originally Posted by Grim~

So i got preappoved for a $6000 loan with a fixed intrest rate and was wondering if i should get it to pay all my bills. right now i have 4 bills i pay 3 being credit cards and one a personal loan. If the interrest rate isnt too high on that 6k loan should i take that and use it to pay off those four bills and just have one bill for that loan? i wouldnt use all of the 6k so whatever i dont use is getting paid back.

How about you just open new cards with 0 percent balances and transfer the blances and pay them off?

Need more details to give u specific details