Is debt consolidation a good option for a debt less than $20k?
I have 3 credit cards and 1 personal loan. The interest rate on my Amex card is 25%. The interest rate on the BofA credit card is 15%. The other card is with Chase. The interest rate is 18%. The interest on my personal loan is 20%. My total debt amount is $18,000. I am thinking to get help from a debt consolidation company. However, I am not confident. Just want to get some suggestions.