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I just received an offer from MBNA for unsecured credit for up to $25,000 @ 12.99%. I have credit card and personal loan debt that I'd like to consolidate, with APR's ranging from a high of 15.9% down to a low of 9.9%. Would it make sense to get the MBNA loan, pay off all the credit cards [cut them up of course!] and pay them for 48 months? Has anyone else seen this offer and if so, what are the "holes" in it? I'm sure there are some!


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