Warning: include() [function.include]: URL file-access is disabled in the server configuration in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include(http://www.hurryloan.com/rightbar.php) [function.include]: failed to open stream: no suitable wrapper could be found in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include() [function.include]: Failed opening 'http://www.hurryloan.com/rightbar.php' for inclusion (include_path='.:/usr/local/share/pear') in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78   Go Back To Search Results Question Is it a good idea to use a low interest loan to pay a high interest loan? yeah use a loan to pay another loan low interest loan 7% high interest loan ~15% (variable interest) the low interest loan is a student loan from the gov the high interest loan is from a private bank By Adam*S Posted on 02/19/08 Total Answers 4 Answers- Sounds good--but are there any other charges/expenses involved with the low interest loan? Answer by : Rita S On Date 2008-02-19 15:16:45 Yes, make sure the rate will not increase or it will be the same problem later. They charge a fee to transfer a balance too. Answer by : funnybone On Date 2008-02-19 15:21:30 Check and see if there is a fee associated with this loan. (If you are using the loan to pay your credit cards, make sure you cut up your cards before you pay them off. It is too tempting to keep using them, and then your debt will be even greater.) Also make sure that there are no prepayment penalties on your high rate loan as well as on the low rate loan. Answer by : J T On Date 2008-02-19 15:27:32 I read your Article. I have applied for series of Loan in different loan companies online and end up loosing my money.I lost $2,400.00 in the hands those internet loan scammers, who claim to be loan lenders. I lost every penny i had till a friend directed me to Macro Loan House, were i applied for a loan of $46,000.00 which was Approved and transfer to me. I will advcie you contact the company too for possible help. Company email: macroloans@gmail.com Answer by : Samana On Date 2008-02-20 09:30:05   Go Back To Search Results