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No. of Recommendations: 4

To add to all the other great responses here:

1) It is true, true, true, that you cannot borrow your way out of debt. Stop digging, stop borrowing from Peter to pay Paul, etc. etc. etc.

HOWEVER -- once you understand that (and I'm hoping by now you do) you are absolutely correct in that you need to reduce the amount of interest you're paying. I've been in the same "closed CC account" situation that you mention, and I recall getting socked for 19% or 20% interest. This is sucking you dry, and you are right in looking for interest-rate relief. Just please do that *after* you pare all your finances to the bone. Don't go running for consolidation loans as a silver-bullet quick-fix. If you talk to anyone about debt relief, make sure it is a non-profit CCCS. The organization has a Web page at and a national hotline ([800] 388-2227) that will hook consumers up with their local CCCS office. See what they have to say.

2) For the dental work, look for a school of dentistry in the L.A. area. I'm sure there are several. These places are often looking for patients, and sometimes they pay *you* to get worked on at their school. You might get your dental work done for free.

Best of luck, and stay with this board. You will get out of this much faster with the help of Fools.

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