Best financial move in my situation.?

Don't fall into the trap of getting more credit to pay off more credit. The 0% intro period may give you some interest relief for 15 months...but unless you have a plan in place to pay off THAT credit card in 15 months before the intro period is done, you're back at square one in at the end of the intro period looking for answers.

Your first step is good.

1. Pay off as much of the 0% credit card with your $5000. Get that minimum monthly payment off of your place. Then start working aggressively paying the remaining $1000 down to nothing before your 4 months are expired.

2. While you're doing that, explore refinancing your car loans into one or two lower interest loans. If you have a great credit rating with equity, you should be able to get a lower interest rate.

3. Once you pay off the credit card, flip THAT payment on to one of your car loans and start paying that down. Or alternatively, put it into a savings plan to rebuild your $5000...it's always nice to have a little nest egg again so you don't rely on your credit card.

That'll get you back on the right road again.

Good luck!

No point putting down the $5000 on the 0% card at this point. do min pmts for the next 2 months, then pay off in full. That $5,000 keeps you from paying bank fees and or overdrafting your account, and buys you time to make more money. {I assume you are working.}

>> The best financial move would have been to not buy one of the cars, but maybe not worth selling at this point (unless you can get a good price).

A new 0% cc can work, if you work it right ... but I do not know you or your financial mindset.

You owe $14,000 on each of the two cars.

If you put them up for sale, how much would they sell for? $15,000? $8,000?

I would look at selling the cars, buying a pair of $2,500 beater cars, and then you've gone from $34,000 in the hole to $6,000 in debt.

Then you can take the money you had been paying on the cars and attack the credit cards.

0% for 6 months is a trap, because you (think) you're doing something useful about the debt but you really aren't.

The $14 k a piece on both cars is only bad if the cars arent worth much in the used car market, otherwise youre looking at personal finance to refinance the cars as you wont get a refinancing deal on used cars that you already owe money on unless they do that now in the States , I am not aware of it, I know you can get refinancing for pre-owned light and sport aircraft.

So the best way out is see if you can get $28,000 worth of personal finance, which I doubt, or get equity financing out of your home equity via am equity release mortgage loan.

The credit card proposal wont fly at all unless you get a 0% balance transfer deal.

If you have good credit your car loans should be less than 3% so look into refinancing the cars. You won't get a 0% cash advance. The 0% rate is only for balance transfers. Cash advances have a 3% cash advance fee equivalent to a 6% apr so they're not that great a deal.