Pay off a loan early or swap with C Cards

andrew71

We currently have 3 credit cards which over the past couple of years we have swapped around to the the 0% on the balance transfers.
We pay off the minimum plus some extra (not too much just what we can afford)
Would we be more benificial in the long run to get out a loan to pay off the cards and thus paying it off quicker?
With the credit cards we could be stuck for life paying off wheras with a loan we could pay it off more quicker.

What are your thoughts?

lobster_3

andrew71, I went for the loan option and took out £17000 over 10 years and regret it as I have very little control, I now its a set amount but its 10 years and I dont know what I was thinking!!! someone on this site pointed out that at the end of the loan llyods bank would be over£10,000 better of thanks to me and it makes me feel sooo sick! I am trying to find away of paying it off and going back to CCs as I feel that although the loan "tidies" things away it doesn't actually solve anything and if I go back to CCs I can concentrate on reducing my debt quicker! and not pay so uch interest.