Almost at the Finish Line

Milestone
1

After reaching a peak of around $60k in debt earlier this year, I’ve managed to cut that in half. Here’s what I have left:

  • CC1: $14k at 3.9% (rate good through the end of September, possibly extendable).
  • CC2: $5k at 22.9% (down from $29k).
  • Personal Loan: $12k at 16.99%.

I now have an opportunity to consolidate CC2 and the personal loan into another personal loan at 13.49%. Is it worth it to take this new loan, or should I just continue with my current plan? Any advice would be greatly appreciated!

2

Considering the information you have shared, consolidating your CC2 and personal loan into a single loan at 13.49% seems like a solid option. The lower interest rate should significantly reduce your monthly payments and help you pay off your debt faster.