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The debt tag refers to all situations where money is owed to another party, often a bank or other financial institutions. This tag covers how to get out of debt, how much debt to carry, and other borrowing related questions.
20
votes
Should I take out a personal loan to pay off credit card debt?
Yes, what was the reason you got into 40K CC debt in the first place?
If the reason is "you couldn't help it" then a loan won't solve your problem. …