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Borrowing limits are typically higher; some lenders offer loans of $50,000 or more.
In addition, a personal loan may improve your credit if it means your credit card balances shrink relative to the credit limits.
Look for a site that offers educational tools such as a credit score simulator or guidance on how to build credit.
If you can’t qualify for a loan through a reputable lender, don’t head for a payday lender. For borrowers with good credit, a balance transfer credit card is an alternative to a debt consolidation loan.
Ideally, that new debt has a lower interest rate than your existing debt, making payments more manageable or the payoff period shorter.