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Is it a good idea to take out a personal loan to pay credit card debt($7,000)? My FICO score is 693.
My currency mthly income is $1,500. I pay approximately $400 a mth in cc bills. My debt to income is less than 30% but my card utilization is 49% due to a few cards being close to the limit. I was thinking I could get a better interest rate on a loan from my credit union and pay off the credit cards and have 1 payment. Any thought it insight would be greatly appreciated!

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