My wife and I currently have 3 unsecured debts between 2 credit cards and a personal loan.
We are working hard to pay them off as soon as possible so we can have some financial freedom, start building some assets and get on with our lives with a house etc down the track.

Is it best to try to consolidate the 3 debts into one so there is one account fee, one interest payment and one monthly payment, or is it better to keep them separate?

Hi Trevor,
Great to see you are working to get rid of these. A good way to get rid of them faster is to make use of a balance transfer card. Work how much you can afford to pay each week, fortnight or month and take out a new card with an interest free period on balance transfers for the length of time you need to pay it down to zero.
As soon as the balance transfer is done, cancel and cut up the old cards and DO NOT spend anything on the balance transfer card either. Start saving in an online savings account now with 20% of your net pay.
If you would like more information or to have a chat please feel free to get in contact through my profile pic.
Kind regards
Scott
Scott.howell@mobilelender.com.au
www.mobilelender.com.au
0435474498

Hi Trevor,
Okay the answer is pretty obvious to me.
You have to get rid of the cards. Consolidation of debts is a good thing to do but there are a few things that you should to consider.
The number one consideration is, are you going to save some money, I would think so.
If you are looking at buying a house down the track and not having high interest credit cards, or any credit cards for that matter, this can effect your affordability for a future purchase.
If you would like some more information please don't hesitate to contact me.
Regards
Craig
KeyInvest Lending Services
81 The Parade Norwood SA
0499841717