<prompt> Human: I am wondering if its a good idea to take out a personal loan to get a lower interest rate, but it would be 2k more than I actually owe. My current rate is 11 at 8k left on the loan. I pay around 500month trying to get it paid off within the next year and a half. Is it worth it to get a personal loan? What do I do with the extra 2k?Edit: my credit score is 750s  <response>: As long as theres no early payoff penalty on the new personal loan and assuming the fees dont exceed the interest savings which would be around 200-300 over the course of 18 months, I would take it. Just pay the 2k back to the personal loan to reduce its principal by 2k immediately or as part of your first payment - so your first payment would be like 2500. Assuming you have no other 7 debt that you can use the 2K to reduce. That means you wont be paying interest on the extra 2K. 