Firstly this is not investment advice, as I am not an advisor.
You have not described your position well enough to make any advice clear, but you have stated you own a share portfilio, that you dont want to sell. That seems to me to be the best way out, even if you only sold enough to pay out the cards, or even partly pay out the cards, if you were so keen on the shares you have, maybe reborrow the money as a investment loan, and that way the interest should be tax deductable.
My thoughts are that if you are paying 13% plus (non tax deductable)to consolidate the cards, that means you have to make a guaranteed 20% on the shares portfolio to come out ahead, thats a tough call.
I think you should have a chat to either a financial advisor, your accountant or even a bank, because every situation would be different, why dont you want to sell your portfolio, is it related to CGT.
cheers grant
the above is opinion only and written without prejudice
