Do they help? I would love to pay off all my bills (not mortgage) and have one payment with one interest rate, instead of 15 payments with all kinds of different interest rates.

But unless you have great credit you usually cant get a consolidation loan right?

That's often how it works. Probably more so now with tighter lending standards.

Some CU's will do them for lesser credit if you offer something as security- like a car title.

Sigh, that is what I thought, paying on two cars so no title, would be paying off the cars with the loan. Plus I would need quite a bit to pay of all my bills except mortgage.

Visit a couple CU's and ask around, you never know.

The problem with consolidation loans is that once you get it and pay off those cards, if you don't close them you'll end up using them again. Then you be paying off the loan and the cards at the same time..... as I am doing now.

All the cards I need to pay off are already closed so no problem there, but yes I know that can happen, I have learned my lesson from that.

I do belong to two CU's and my car loans and such with them are current, but usually they look at your CRA and say have no lates for 6 months.

Once I did this they probably thought I was insane, had a list of all my bills (except mortgage) had how much I owed and the payments I was making, said if I got a loan at evan say 12 percent interest I would be making smaller payments then I am now to all these bills and most interst on these bills are 18 percent or more. Dell is 29 percent

I've been with my bank for five yrs but the money i owe i`d like to consolidate I have had for three years and been very careful with payments. Will my bank will accept me for a consolidation loan of 10k?

I would be grateful for your view on this

There's no way to tell, it depends on your credit and financial profile, and their underwriting requirements. The only certain way to know is to ask. The may be able to give you general guidelines without having to pull your credit so you can decide if the pull is worth it.