Level 4
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Credit cards

Yes. Your friend is correct, I have done this before with my credit union. You have to apply for a personal loan, they ask how much you would like or they obtain a copy of your credit report. Whatever is your total credit card balance, let's say $5000 they pay off $5000 and you make low monthly payments on the loan amount and in return your credit cards are at a $0 balance.

Remember this is subject to approval from your bank.