Debt management

Description

30k in CC debt - consolidation or bank loan?

Submitted by Jimson34 on Wed, 01/14/2009 - 18:13

Hi everyone-

I'm new here and was looking for a resource that offered advice minus the scam and I think I've found it here :)

Through unemployment and some other rough patched, I've accumulated 30k in CC debt (balance transfers, etc) - this is totaled among 5-6 cards.

At this point, I'm starting to drown under the minimum payments. Should I go for debt consolidation or a bank loan to help in the repayment process?

Thank you so much.