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Don't believe everything you read as truth. Take it with grain of salt. Do you think you can get loan at a lower rate than higher low risk return from any investment taking into account all the additional cost. In my world Kiyosaki is a moron. DONT BELIEVE A WORD HE SAYS. thecollegeinvestor.com/4726/…
Instead of paying higher interest on consolidated loan consider paying off each one. Arrange your debts from smallest to highest and start paying off the one with lowest amount first and close the card once you have fully paid off. You can calculate how much interest you will pay if you make certain amount per card each month. There is a site which lets you do calculation over multiple accounts : myfincal.com/Credit
