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Level 7

Has anyone ever consolidated credit cards into a personal loan?

Congrats! I know that feeling. I just paid off my 35K loan through Lending Club. Highly recommend this company!!
ma2
Level 2

Has anyone ever consolidated credit cards into a personal loan?

Do not cancel you credit cards when you balance is 0.  Learn how to use each only once a month and pay that balance before the due date.  If a REAL emergency comes up you will have a cards to go to.  If you cancel your cards it twill ruin you fico.  If you don't you your card for some time, maybe a year or so, the card company will cancel it.  That does not look good on credit report.  Go to each credit reporting company, there are three, and put  a lock on your cr cds.  Your fico is based on owed vs credit available.  As owed goes down fico goes up.  Also if you cancel all your cards, you lose your credit history.  Not good. 

Level 3

Has anyone ever consolidated credit cards into a personal loan?

I didn't use a personal loan, but i used national debt consolidation to pay a bunch of credit cards. Ur credit suffers for the length of your consolidation but it can go up slowly over time. Mycredit score is slowly increasing & I will finish paying off my consolidated credit cards and loans by Feb. Next year which I would have never done otherwise because I kept on reusing them! My monthly payment to them its also lower than I Was previouslypaying to the credit cards/loans companies. However you should consider a move like this only if your debt is over 15,000 (as mine was). Otherwise a personal line of credit if aproved, is better because it will not impact ur credit as much and are good for smaller debts). Good luck!
Level 2

Has anyone ever consolidated credit cards into a personal loan?

Only works if you change your spending and STOP using your stupid cards and get on a written budget. Every dollar in the app store is a good free one. Every penny needs to have an assignment
Level 9

Has anyone ever consolidated credit cards into a personal loan?

The "min" payment is designed to make your payments last forever. If you didn't know that, now you do.