Is it better to make a personal loan(2 years to pay) to pay your debt than to rather pay it off?

mel v asked:


All and all about R 10 000 in debt. Which way to go? On the personal loan you pay about R 2 000.00 extra.

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Tags: Extra, Personal Loan

This entry was posted on Wednesday, February 25th, 2009 at 8:50 am and is filed under Personal Loans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Is it better to make a personal loan(2 years to pay) to pay your debt than to rather pay it off?”

1. stan c Says:
   February 28th, 2009 at 9:53 am

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   If you go for the personal for 24 months, you can always pay it off in 12. This should also increase your credit score. If you already of excellent credit then just pay it off.

2. mister ed Says:
   March 2nd, 2009 at 12:32 am

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   i was never one to borrow from peter to pay paul — just keep paying on the separate debt!!!

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