Sentences with phrase «outstanding debt with a higher interest rate»

If you use a personal loan to pay off outstanding debt with a higher interest rate, then it's worth applying for a personal loan, but if the rate is the same or higher, a personal loan is ill - advised.

This allows her the options of reinvesting the money or paying off any outstanding debts with high interest rates.

Not exact matches

An example of high - interest debt is an outstanding balance on a credit card, which can sometimes come with interest rates in excess of 20 %.