No. of Recommendations: 7
Huh? Maybe we just have different perspectives on the psychology of the whole thing.

Or different assumptions.

All I was saying though, was that instead of paying a 24% interest rate try to get a fixed interest rate loan for 7-10%. He's going to be paying off the debt anyway, why not get a lowered interest rate? I'm not talking about a credit card, just a bank loan in the size of the debt, essentially the same as consolidating the debt into one bank at lower rates.

At this point, it is highly unlikely that the OP would qualify for a fixed interest rate loan for 7-10% without any collateral. The OP is a renter with a car worth $2-3k. No collateral there. Plus, by getting the loan, the OP will free up all the available credit on the credit cards, ready to charge up again.

Of course, I did mention that this step is secondary to taking care of spending habits that everyone has mentioned.

You did mention this, but it was somewhat buried in the post, and didn't seem to have the prominence that this step deserves. This needs to be the absolute first step, before even thinking about getting a loan to 'pay off' the credit card debt.

For the OP to be successful with paying down debt by getting an unsecured fixed rate loan (if they are even available), a lot of other stuff needs to occur first. But you seemed to skim over all that, and lead with the idea that getting a loan to 'pay off' the credit card debt was a good idea. That's where the danger in your post lies.

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