💳 How much would you save consolidating credit card debt with a loan?

You just freed up $825/month by paying off your student loans and cut your housing costs in half by moving. Now you're staring down $35k in credit card debt. You're already aggressively paying $1,000 a month, but would a personal loan speed things up and save you money?

You have $35k in total credit card debt, but let's focus on the $27,000 that is accruing high interest. The other $6,500 is on a 0% balance transfer, so we'll leave that aside for this comparison.

A personal loan can consolidate your debt at a lower rate, but watch out for origination fees. These fees are added to your loan balance upfront.

You've cut your living expenses down to $1,000/month and are throwing $1,000/month at your debt. Let's see how much faster you become debt-free if you maintain that exact same $1,000 payment on a consolidated loan.

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