Normally, no. Even though you can get a loan to repay your personal debt, doesn’t mean you really need to. At all, have you been extremely “spending it well” by using some other financing?
What you’re creating are delaying the new inescapable and you can/or deciding to make the financial obligation a bit less mundane to help you sustain (either because you reduce the interest rate, fee, otherwise prolong the time you pay it well).
However, I understand you’ll find items where lifetime happens and backs your for the a corner, debt-wise. Be it a career losses, otherwise unforeseen scientific will cost you, lifestyle can send you inside a tail spin and then leave your having extreme credit debt. Læs videre “Stupid otherwise Wise? (Providing financing to settle The debt)”