Paying off your high - interest debts first can help you save money and pay off other loans more quickly in the future. (simplethriftyliving.com)
Taking out a new loan to pay off other loans does add one more loan to your credit history, but it also removes the older loans and marks them as paid in full. (smallbusiness.chron.com)
Term life policies are often used to make sure that a car or recreational vehicle can be paid off, and they are just as useful for paying off other loans or liens. (usinsuranceagents.com)