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Table of Contents<\/p>\nToggle<\/span>

Finding the Best Personal Loans for Credit Card Refinancing<\/a><\/li>
Why Refinance Credit Cards with Personal Loans<\/a><\/li>
Know the Math Before Borrowing<\/a><\/li>
What Credit Score is Needed?<\/a><\/li>
Compare Loan Terms Not Just Rates<\/a><\/li>
Top 5 Lenders for Credit Card Refinancing<\/a>
- Lightstream<\/a><\/li>
- SoFi<\/a><\/li>
- Upstart<\/a><\/li>
- LendingClub<\/a><\/li>
- PenFed<\/a><\/li><\/ul><\/li>
- Should I Use Savings Instead of Loans?<\/a><\/li>
- Closing Thoughts on Credit Card Consolidation Loans<\/a><\/li><\/ul><\/li>
- Conclusion<\/a><\/li>
- FAQs<\/a><\/li><\/ul><\/nav><\/div>\n
  <\/span>Finding the Best Personal Loans for Credit Card Refinancing<\/strong><\/span><\/h2>\n $\"Best$
  Best Personal Loans for Credit Card Refinancing, personal loan, credit card<\/p><\/div>\n
  Americans hold over $930 billion in credit card debt currently charging extortionate interest rates exceeding 19% APR on average. Refinancing high-interest revolving credit balances using fixed rate personal installment loans saves borrowers thousands in interest while consolidating debts for easier management.<\/p>\n
  But identifying reputable lending sources and comparing terms to access the most affordable personal loans merits research upfront. This guide examines smart strategies for leveraging personal loans to refinance credit card balances prudently.<\/p>\n
  <\/span>Why Refinance Credit Cards with Personal Loans<\/span><\/h2>\n
  $\"Best$
  Best Personal Loans for Credit Card Refinancing<\/p><\/div>\n
  Relentless credit card interest compounds monthly on outstanding balances giving little hope for struggling households to get ahead. Even minimum payments only chip away at accruing interest charges, not actual debt principal!<\/p>\n
  Transferring balances to a fixed rate personal loan<\/strong> makes repayment finite by locking in consistent installment payments over a set duration. Savvy borrowers convert variable 20%+ credit card rates to secure sub 10% personal loan rates all online in minutes.<\/p>\n
  Just ensure your credit profile allows qualifying for enough personal loan funds to consolidate ALL balances, not just portions of existing card debts. Partial consolidations deliver underwhelming savings. Put everything under a single reduced rate loan for simplicity and guaranteed savings each month.<\/a><\/p>\n
  <\/span>Know the Math Before Borrowing<\/span><\/h2>\n
  <\/p>\n
  Will consolidating credit cards with a personal loan actually achieve long term savings? Crunch the numbers using credit card refinancing calculators before assuming so.<\/p>\n
  Quantifying potential interest cost savings<\/strong> matters more than lowered regular payment amounts which often trend higher under personal loans than minimum card payments. Don’t transfer debt just to lower regular dues if overall interest paid balloons much higher!<\/p>\n
  Powerful web tools from NerdWallet and Credit Karma compare personalized loan terms side-by-side with credit cards. Contrast total lifetime borrowing costs across both models based on realistic rates extended to your credit tier. Ensure total interest savings exceed any origination or transfer fees before moving forward.<\/p>