After the comments I've gotten on my last post, and feedback I've gotten from others, I've decided to not do the Citibank loan. However, I'm going to possibly attempt to get a bank loan to consolidate my credit card debt. I have a family trust at a bank where I think this might be possible. Also, I am working two jobs. My income is about 50,000 including income from my trust. And my credit score is between 675-701, depending on which agency you use to view it. I am thinking of waiting till I get my raises in July to apply though so I will have more income to show. I have $50,000 (approximately) in cc debt so I know I may not be able to get enough to pay all of it but I figure I can wipe out the high interest rate cards first. Does anyone have any feedback about this?

I recently saw an offer for a loan from citibank, where I have a credit card. The interest rate would be 16%, and I would use it to pay off some credit cards with high interest rates (29%). The only thing is that if I get an amount over so much (up to 10,000) I'd have to give them the title of my car as collateral. My car is paid for. I'd like to know what other people think. I'm thinking of maybe just getting an amount under what I'd have to give them the title for. I'd appreciate any advice.