New Delhi, April 23 -- Combining your credit card debt into a personal loan is a tactic that can streamline your payments and potentially lower your interest expenses. Here's a step-by-step guide to how it works:

Understanding your credit score is crucial for gauging your eligibility for a personal loan and the interest rates available to you. Aim for a score exceeding 700 for the best terms. Additionally, check your credit report for any inaccuracies that might negatively impact your score.

Your payment history carries the most weight in determining your credit score. Aim to pay your credit card bills and loans on time and in full whenever feasible. Additionally, maintain a low credit utilisation ratio, which compares the amount of cre...