First of thanks for any one who takes the time to help. I’m looking to understand when would debt consolidation be the better choice. And no matter how many google searches I try I can’t quite find a solid answer.

If I have 5 open credit cards running balances of over $1500 a piece. And each card has APRs that vary from 19.99% to 24.99% (I know, but that’s a convo for another time…)

When I goto apply for debt consolidation loans, my APR is usually in the 28-30%.

With that in mind. How do I compare my credit card interest to a single personal loan. Would I add all the interest up for each card, or is each one handled separately? If numbers help: I have Card 1: $4,775 at 24.74% Card 2: $3,011 at 19.99% Card 3: $2,158 at 20.99% Card 4: $1,815 at 24.99% Card 5: $1338 at 26.49%

Where loans i apply for are $10,000 at 31.95%. I’m so scared of predatory loans, and I don’t have issues with making payments, just hoping to reduce over all totals! Thank you for any advice!