My wife was in the same boat until I persuaded her (before we got married) to go to a consolidator. Of the 30K we need to pay off (and she's already paid 5K off) something like 30% of her payments is going towards paying the interest off alone! Of the 35 K she originally owed, 18 K of it was interest.Using a consolidator will drop your interest rates to 6.9-12%, which might be worthwhile, but check that you make additional payments to the cards if you do wish afterwards. Currently its going to be 2008 to pay my wife's debts off, and I'd feel much happier if we could do it in the next couple of years (which may be possible with a bit of belt tightening).Paulthanks for your help...here are the gory details...Chase-- $6,150 / 23.99% / min. $252People's Bank-- $4,475 / 25.99% / min. $998 (as of now)!!!!AMEX-- $1,350 / 23.99% / min. $80Bank of America-$7,400 / 23.99% / min. $571 (as of now)!I don't have to pay back my student loans right now--thank goodness :)
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