Credit Card Debt

If you owe $25,000.00 on credit cards, most with at an interest rate of 15%, and you make a minimum payment of only 2%, it would take over 30 years to pay off the cards and you paid a total of $63,936,13.

In a Chapter 13 bankruptcy, you could reduce the card balances owed to as low at $2,500.00, to be paid off to as low as $42.00 dollars per month.

^*For those who qualify under federal law.