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You might think of taking out a personal loan as a negative thing, because ultimately it adds to your debt. But a personal loan can actually be a great tool to help you improve your finances, not to mention your credit score. Consider these three ways that a personal loan could help you get your finances on track, whether you’re raising your credit rating, paying off debt, or trying to reach the next phase in your financial journey:
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Ultimately, a personal loan isn’t for everyone, but it can be helpful if you’re patient, disciplined, and ready to take control of your financial well-being.