Definition of consolidating credit card debt
Personal loans are generally given out against an individual’s credit score, just like credit cards.
That means the terms of your loan will be entirely dependent on your credit history.
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You should also know that certain actions, such as missing or being late on a payment, are grounds to end the zero percent period.
How much of your available credit line you actually use is called “credit utilization”, and you generally want to keep it under 30%.
For example, if your total credit line is ,000, you shouldn't be using more than ,000.
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These lenders will typically classify your creditworthiness on some sort of scale, and determine your interest rate based on that.