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By Daniela Quiroz

HELOC vs. Personal Loan — Which is Better for Debt Consolidation?

Why Compare HELOCs and Personal Loans? If you’re managing multiple debts—credit cards, auto loans, or student loans—it can feel like you’re constantly playing catch-up. Consolidating those balances into one loan can make life much easier. Not only does it simplify your finances, but it can also reduce your interest costs and help you pay off debt faster. Two of the most common tools for consolidation are home equity lines of credit (HELOCs) and personal loans. Both can help, but which one actu

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Why Compare HELOCs and Personal Loans?If you’re managing multiple debts—credit cards, auto loans, or student loans—it can feel like you’re constantly playing catch-up. Consolidating those balances into one loan can make life much easier. Not only does it simplify your finances, but it can also reduce your interest costs and help you pay off debt fa...
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