Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Consolidate my debt? Higher APR, but what does that actually mean?
No.  It means each month the total amount you owe goes up by a factor of (1+0.298/12).  So if you owed $23K at the beginning of the month, at the end you owe a total of 23K*1.0248=$23,571.  Then subtract the $804 you are paying.  If you want to think of it in terms of interest and principal, you are paying $571 a month in interest and 233 toward principle, I guess. Paying off debt with a lower interest rate using debt with a higher interest rate is throwing a lot of money away and impoverishing yourself needlessly.  Psychology can't get around that.  If you want a psychological aid, decide how much you are going to pay toward these debts and have it automatically deducted from your paycheck so you never see it. Make the minimum payment on every debt you have except the one with the highest interest rate.  Pay the very most you can toward that.  Then when it is paid off, move to the next highest.  Do all your spending out of the lowest rate card, or avoid using these credit cards until your financial discipline and resources allow you to pay all credit cards off completely at the end of each month.