Should i take new loan to repay existing loan?
Should i take new loan to repay existing loan? I have taken loan earlier from bank at 30% interest (that time I didn't had CREDIT score and credit history) due to an emergency. But now I am having credit score of about 730, and I can get personal loan at 17% interest rate. I was thinking to take up this loan and repay the loan of 30% interest. Is it a good idea? Or am I making a mistake?
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