i had similar situations here too. with several credit card debt on my shoulder, it make me thinking to find one solution for all. few bank had contact me to give a solutions to take settlement loans. how i able to know its worthy or not?

current:
UOB cc: 15k ~ 1k/mth
CIMBcc: 5K 400/mth
Aeon: 10k 600/mth

with current expenses, there is a month that i had to use my cc.

i watch ramsey baby step, but i not able to understand correctly how its works. any thought?

So I don't wanna disclose much info on this guy but let's say we sat down and chatted about loans and other financial stuff. He told me he was in debt with Shopee SpayLater and SLoan which both combined accumulating at RM5500, he is required to pay at around RM800 per month. He told me that he is going to clear it all this year if he sticks to his plan, he had drawn out this plan where he will pick up another personal loan from AEON of RM5000 with 12 months repayment of RM450. I asked him why, he said because instead of paying RM800 per month, he now only pays RM450.. I told him that it was a bad move to pick up another loan to pay off old ones because he is digging his grave deeper and deeper, while yes it is a lot less to pay per month but the time it took to repay all of them is another 12 months. I advised him not to but he told me this was a smart move, I beg to differ, he told me he COULD pay the Spaylater and Sloan without the need to pick up another loan but doing so would mean he is forced to be frugal, what do you guys think? Is this really a smart move or is he just a retard?