$50,000 at 20% would cost you $10,000 per year, "forever" if I read your post right.
Why not do this instead: Contact your credit card company and ask for a balance transfer loan. They are easy to get and cost between 1% and 4% depending on your credit rating. At WORST the loan will cost you only $2,000 one time (at best only $500). Why spend $10,000 PER YEAR when you don't need to?
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