<prompt> Human: So i got a couple credit cardscards and i went a bit crazy with them, spoiling myself and my girlfriend on things because, like most, i felt the rush of shopping. Looking back, i realize the mistake i made. I also need to purchase an engagement ring as well. Adding that to the cost, the loan needed to cover everything would be about 16k. Is it smarter to apply for this loan and make one payment that I can afford, rather than making multiple payments and succumbing to outrageous interest rates?  <response>: I also need to purchase an engagement ring as well. Adding that to the costNo. You are already in major consumer debt. The last thing you should be thinking about is taking on more. Is it smarter to apply for this loan and make one payment that I can afford, rather than making multiple payments and succumbing to outrageous interest rates?This is a good idea in theory, but will be difficult to execute in practice. You will likely find it difficult to obtain such a loan. 