Should I ask friends for a personal loan to help with high rate credit cards?
Hello--I now have a full-time job and live with my boyfriend (sharing rent and all expenses), but I am still unable to pay off all my credit cards (with a very hight rate of 30%). In 2 years +, I've only managed to pay the interest, nothing more, so I still owe the exact amount as in January 2004. I am desperate and thinking of asking some of my friends for a personal loan at a more reasonable rate...What do you think? Would that ruin our friendship? Is it a terrible idea? (Thank you, I'm very much at loss.)