Question for the financial experts: Lets say you have $20,000 of debt broken down as follows: 1. 14,500 credit cards (3 different ones) (4.9% APR) 2. 1,000 car loan (10.9% APR) 3. 4,500 car loan (5.9% APR) Would it be wise to get a 20,000 loan with 7.9% APR and consolidate everything? This is a hard question for me to answer because this person will cut up their credit cards and never use them to purchase anything again. It also would be easy to just have one bill and one payment. It would especially be a relief not to have any credit card debt as this kind of debt carries a stigma. Any feedback greatly appreciated. Aloha.