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Personal loan

By Terry Savage on July 07, 2024 | Credit/Debt

Hi Terry – just wondering what your thought is about the Sofi personal loan option to pay off credit cards. Currently I have about 25,000 in credit card debt and wondering if this is a good option. Thanks


Terry Says

I’m not familiar with the plan, but read the terms and conditions.  Here’s a basic primer on SOFi loans:

Top 141 Reviews From Legit SoFi Buyers (

The one thing you need to remember is that you MUST put those other cards away, and not charge them up again!  YOu need to keep your longest-held card to build your credit history.  But if you have several cards, you might want to close some.



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