willowstudios, your plan sounds pretty reasonable to me, as long as you are committed to applying the freed up payments to the credit card debt. The unsecured debt hurts your credit more than secured debt, but mathematically, it makes more sense to pay down high interest debt first, which is your auto loan right now. Once your CC debt resets to 12%, hopefully the balances will be down $6k from where they are now. You'll have other options with a fully paid car, like selling it and/or downsizing if needed, or even taking out a loan against it if the rate makes sense. You might also get other low interest balance transfer offers between now and next Feb.
But I agree with noppenbd - that HELOC is your single biggest risk. Not this year, but some day, the payment will go back up, and the priciple will never go down with an interest only loan. Once your credit card payments are paid, you should continue the momentum and roll the extra payments into the HELOC to pay down principle.
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