I had a credit card of $15K that I just could never get down because interest was so high. (And I could only really afford to pay the minimum.) So I took out a personal loan, paid off the credit card, and then automatically set up payments every 2 weeks to pay half of the minimum payment and within 3 months, I see a difference already! I don't feel too stretched out for money. I still have the credit card and then I dared myself to ask to increase the limit on that same credit card. Now, my credit card limit is $20K, I've put it aside and don't use it at all. (I like to know that in case something major happens, I can just swipe the card) AND my credit score rose by 50 points! I'm now in the 700s club. So yeah, I say go for the personal loan but discipline yourself enough to not use that credit card so frivolously.