 TITLE: Is Personal Loan Debt Better Than Credit Card Debt? CONTENT: How Personal Loans and Credit Cards Impact Your Credit Scores\n-------------------------------------------------------------\nBesides giving you money, personal loans and credit cards have an additional benefit: They can boost your credit scores. Making your payments on time every month will help prove that you're doing a good job at managing your debt.\nIf you use credit cards, keeping your credit utilization ratio below 30% will also improve your credit scores. Your credit utilization ratio measures the percentage of revolving credit you have available that you're actually using. The lower your ratio, the better.\nA personal loan adds variety to your credit mix, which is one of the factors used to determine your credit scores. And if you use a personal loan to pay off credit card debt, you'll reduce your credit utilization ratio.\nKeep in mind that both personal loans and credit cards can also hurt your credit. Making late payments or missing payments can lower your credit scores, making it more difficult to get credit in the future. END