Alex immediately paid off all the high-interest credit cards. Life After the Loan

Meet Alex. Alex had a problem that many of us face: a growing pile of high-interest credit card debt from unexpected car repairs and a medical bill that popped up at the worst time. With interest rates on those cards hovering around 24%, Alex felt like they were just treading water, barely making a dent in the actual balance each month.

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Because Alex had a decent credit score (around 700), the lender approved the application in just a few days.