@Anonymous wrote:If you do it -and contrary to many posters here-I understand why you would...just make sure you dont spend on your cards til the loan is paid off or else you will be in an even bigger mess. Trust me -been there done that and got the tshirt. Good luck!
+1 not a good situation
Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
@thelastoneonearth wrote:Put myself in a financial rut with debt that I owe on cards. I've been pursuing personal loans, and finally Springleaf Financial approved me for what I owe on all my cards. Pay all these bad boys off, and just owe my personal loan. So excited, but I have to be more responsible with my spending and etc.
A good strategy and as already mentioned you must have the self discipline to not max out those cards again. Then you will owe both revolving and installment debt.
I know from experience how easy it is to fall back into the bad habits. 