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Can I refinance a pdl with a personal loan?

Submitted by AlferdGomess on Mon, 06/24/2019 - 00:00
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I have a pdl. Its interest rate is quite high. Can I refinance it with another personal loan? Will it be a wise strategy?


Yes, you can do it. By doing so, you can replace the high-interest pdl with a low-interest loan. If you have other loan and debts, you can take out a personal loan of an amount with which you can repay all your existing loans. And, then, make timely payments on your new loan to repay it on time.


Submitted by Good Nelly on Mon, 06/24/2019 - 03:00

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Who is the lender? Payday loans do carry very high-interest rates. Most people are forced to refinance it. How much do owe in total? Much depends on whether the payday lender is legal or not. Okay. If the lender is illegal, then there is no need to refinance it with a personal loan. You can just pay off the principal amount. That's it.


Submitted by Nick Jonas on Tue, 06/25/2019 - 20:35

Nick Jonas

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