Did you know...The new bankruptcy laws are preventing the filing of some chapter 7 or complete debt forgiveness. The courts are analyzing the ability of the debtors to re-pay the debt. The court can force a chapter 13 filing in these cases and place the debtor into a debt reduction and repayment plan. This is still considered bankruptcy and will damage credit for 10 years. Many bankruptcy attorneys do not disclose this information and will proceed with a bankruptcy filing and the debtor has no choice but to accept the Chapter 13 filing once they have entered into court... the attorney is still getting paid for his/her services. 

Once your credit is at 33% of your income to debt ratio your FICO scores go down and your interest rates go up. This can impact your ability to obtain a loan or a good interest rate..

If you continue doing what your doing it could take as long as 20 years to pay off your debts. You can eliminate this debt within 6-48 months and get on with your life.

Debt level starting at $7,500 or more. This may also help you to qualify for a loan.