Begin saving: paying down a loan that is personal paying down your charge card

Begin saving: paying down a loan that is personal paying down your charge card

1000s of Canadians utilize signature loans to pay for down their personal credit card debt and save cash on interest. Here’s just how much a typical debtor could save yourself by settling $7,000 in credit debt having a unsecured loan:

Charge Card Personal Loans
Opening Balance $7,000 $7,000
Interest 19.99% 10.00%*
payment per month $350 $350
time for you to repay debt 25 months 21 months
Total interest $1,585 $698

*Example just. Rates of interest can vary.Continue reading