My fiance and I owe $13k in credit card debt (not including 14k for car loan/95k for mortgage) and we were pre-approved today for a 13k debt consolidation loan at an 11% interest rate (5 yr loan) so we’d have to pay an extra 1400 in the long run but the deal is worth it because right now it would take us 10 years to pay off the 13k without the loan due to the high interest rates.

I guess my question is, will that 13k loan straight up pay for that credit card debt or will the lender try something shady and pay off parts of our car payment/mortgage too? It may be a stupid question but I’m just worried this sounds too good to be true.