Does this make sense?

iwanttoberich

I am currently paying £154 per month towards clearing old debts. According to the snowball calculator, I have just under 5 years to clear them all off. I am paying my credit union £150 per month and I also have just under 5 years left. I was thinking about asking my creditors to accept final settlements, then consolidating the amounts with the loan I am already paying at the credit union. Since I am already paying around £300 per month over all debts, I thought that even though I would still be paying the same amount, the difference would be settled debts on my record. It's just a thought.