I have a hefty, and I mean hefty, credit card debt and am getting nowhere with a monthly repayent of 300. It expires in 2009

Your best bet would be to get a personal loan or something of the like from a credit union or bank ( CU's usually have lower rates ) and then pay off and get rid of the credit card because otherwise you would probably just rack up more debt.

Wee Ste , why you should through your self into more debt ,

just ask this to your self and think for a while , any way if you

still need this loan , then it has to be with a specific terms and

cheap too not to increase your dept if you for some reason

couldnt pay or paid late , go to Only Best Deals , there you

will find just similar cases as yours , I am sorry I cant type the

link here so open google and type :

Only Best Deals

Now in search results the first line a site called Only Best

Deals open it and check the green titles on your right about

credit and loans , other wise use the top search box which

must lead you directly to your Answers , well lookin4anustart

I hope this help YOU .

yes.

interest on bank loans are usually/normally lower than the interest on credit cards and if paid via direct debit you know it will get paid

if the rate of the loan was less than the credit cards and you didn't just go out and use the cards again it would be very sensible.

The only loan worth taking out to get rid of credit card debt is a secured loan (such as home equity or the like). Meanwhile, if you took the loan to pay off the debt, the only way this strategy is really going to help you dig out of trouble is to CUT UP the credit cards except for one and only use that in case of emergency (like the car dies or you're in an accident). Other than that, taking out a loan is just going to worsen the situation.

Do not do that. I tried, it doesn't work, it's a dark spiral.

Never get a home equity loan. You'll owe more on your house. Something happens and you cant make the payments, goodbye house.
If You cant make the payments on a credit card and all they can do is take you to court and garnish your wages. They can put a lein on the house but that only means that they get any equity if you sell the house. They cant take the house.

If you have collaterall you may be able to get a bank loan and the terms would most certainly be better than the credit card. But if you don't, you could try and get a credit card with better interest rate.
If you try for a debt consolidation loan, be sure and go with a reputable financial institution. There are so many scams on the net these days. But this is still a better choice than the credit card.