Should You Use Personal Loans To Pay Off Credit Card Debt?

It depends, but do you have a better option?

What’s the best way to eliminate credit card debt?

I recently used Lending Club to secure a small personal loan to pay off some debt. I purposely made this decision because the interest rate I received (10.99%) was significantly less than the interest rate of my original debt (24.74%).

Although the decision was intentional, I admit I could have done more research upfront to compare rates, review lenders, and confirm there was no other, more viable, option.

No regretsContinue reading “Should You Use Personal Loans To Pay Off Credit Card Debt?”

5 Things To Consider Once You Commit To Eliminating Debt

What do you have? What do you need?

I used to sell life insurance in one of those thinly veiled pyramid schemes.

To be fair, I didn’t know what a pyramid scheme was at the time.

To be completely transparent, I never actually sold any insurance.

Way back then, I was too young and too green to be embarrassed about it.

I kept hope alive that that opportunity would work out for me in the end.

It didn’t.

I’d wanted another job on the side, but I hadn’t completely committed to getting rid of my debt.

To date, I have (1) credit card debt + (2) a car note + (3) and student loans.
Since I’ll be paying student loans off forever, I’m pretending that I’ll be “debt free” once #1 and #2 are done.

Don’t judge me.  Continue reading “5 Things To Consider Once You Commit To Eliminating Debt”