Second mortgages come at high - interest rates than the first loan but this is still
lower than other types of debt.
Although it may not make sense at first glance — taking on debt to pay off debt — if the interest rate on a personal loan is
lower than your other types of debt, it may make sense.
Not exact matches
Drake pointed out that student loan interest is usually
lower than other types of unsecured
debt, like credit cards and personal loans from banks.
They are currently benefiting from not being able to default by paying a
lower interest rate
than other types of unsecured
debt.
Low income students are more
debt adverse
than other types of students.
Because
of this, they typically carry
lower interest rates
than other types of loans and
debts.
Since student loans have a
lower interest rate
than other types of debt, it might make sense for you to repay any
other debts you may have before tackling your student loan.
Lower rated bonds, convertible securities and
other types of debt obligations involve greater risks
than higher rated bonds.
If you keep a balance and have credit card
debt, then it's probably better to use
low interest or 0 % APR cards rather
than rewards cards instead (because many rewards cards turn out to have higher rates
than other types of cards that don't have such generous rewards).