I would try to negotiate better rates on the credit cards, but "let" the parents work on paying them off rather than pay them off by transferring debt, which is a dangerous illusion. I think they will have more motivation to pay off credit cards than to save to replenish their retirement savings, and that will make up for any difference in interest.Most people run their credit cards back up after a debt consolidation, even with the best of intentions. I did :( I think your parents need to really *feel* themselves digging out of the hole in order to have a change in attitude.Best of luck. I recommend Dave Ramsey's Total Money Makeover for them to read. He's a very motivational speaker too, and can encourage them in their resolve to pay off the cc's and continue to live without them.
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