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"Putting this level of expense on your credit card could have a negative impact on your credit score."
Though the APR on your personal loan depends heavily on your credit score but can easily be under 10%, whereas the average credit card APR is 17.72%.
"Generally speaking, installment loans (personal loans, mortgages, car, or student loans, etc.)
Having this schedule may be beneficial for people who otherwise have trouble paying down credit card debt."
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—, There's, Michael Cetera, Lauren Anastasio, Anastasio
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