No. of Recommendations: 3
I am confused, are you unable to pay your current cards down as scheduled, or is it that you just don't want to? What makes you think you are going to find a loan with an interest rate lower than the cards you are already paying? To answer your questions:

1) What sounds wiser is to dig deeper to see if there is any more money to pay down your highest rate cards. Borrowing to repay debt just trades debt for debt and punishes your credit score. And it doesn't do anything to address changing the spending behavior that resulted in all this debt to start with.

2) Not all credit unions are created equal, so if you don't like the loan terms of one, find another one to join. You are more likely to get support from a credit union or local bank as opposed to an impersonal national or internet institution.

3) Any fees have to be less than the "savings" you expect to gain or else what's the point? My thinking is that it won't be worth the hassle.

Who thinks being frustrated is not a good reason to borrow money and encourages you to take all emotion out of the equation...
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