https://ttlc.intuit.com/community/user/viewprofilepage/user-id/19308; What company did you use??
You can also apply for a credit card balance transfer, they should give you 12 to 18 months interest free. Great way to bring down the balance faster and put all the credit cards on one payment plan.
I’ve personally never consolidated my credit card debt. However, if your balances on 5 cards is so high that making your minimum payment doesn’t pay any of the cards down, then a debt consolidation loan may be for you. If some of your cards are getting paid down you can keep doing what your doing, once a card is paid off, apply that amount to the next card nearest to being paid off, and so on and so fourth. Once you get to the 5th card, you’d be applying the same amount each month to that one card as you were to all 5 together. It is important that whether you get a loan,or use the snowball method I just described, you need to stop using those cards. The last thing you need when your trying to get out of your hole is a bigger hole. Once you are free and clear of that debt, don’t use your cards for just the sake of thinking you have money to spend. Purchase only what you can afford to take care of each month, such as gas or groceries, and pay it down each billing cycle. Be sure to put those expenses in a separate account as you make your credit card purchases to ensure that those monies are available when the bill comes in. Maintenance in that fashion will keep you free from this kind of situation again, and keep credit available for an emergency such as a new transmission for your car or furnace for your house. Good luck on your endeavor!
What bank/institution did you use for your loan? That is about the equivalent for my husband and I, plus I have over 70K in student loans on top of that. My husband was out of work for 4 years! We had to rack up credit card debt, since we had a brand new baby at the time which comes with tons of expenses. I am having a hard time finding the right institution to apply to.
Thanks so much.