How to Pardon Credit Card Debt with a Personal Loan [Infographic]
As families and friends across the country gather for Thanksgiving, many Americans are bringing an unwanted guest along with them: high interest rate credit card debt.
And while it probably won’t be a topic of conversation around the dinner table, it’s always there in the back of your mind – a reminder that you’re spending thousands of dollars on interest when you’d rather use that money to pay for holiday gifts or a ski vacation.
Related: Credit Card Interest Calculator
Fortunately, there is a better solution. Find out how refinancing credit card debt with a low interest rate personal loan can get that unwanted turkey off your back – so you can focus on the fun of Thanksgiving instead.
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I applied for two personal loans for the exact reasons above (credit card debt) and I was denied both because SoFi considers the personal loan as new debt. Has anything changed in the past two months that would allow me to qualify now? Should I reapply?
Help me out, I owe $ 16,000 in credit card debt.
Hey Fred – You can see if SoFi is right for you and apply for a personal loan at https://www.sofi.com/personal-loans/
See our Eligibility Criteria, or give our Support Team a call at 855-456-SOFI with any questions about the process.