The best way to get out from under credit card debt is to keep transferring the balance to 0% cards. The offers are in the mail and the newspaper coupon section all the time. I did that and it really helped. I still have some credit card debt to get rid of, but that interest is a KILLER. You never make any headway at all.
Unless I encountered disability, financial collapse due to being sued, or some kind of natural disaster, I could never file for bankruptcy. I find it ethically questionable. I know people who filed for medical bankruptcy because of insurance discrepancies or medical catastrophes, and I think that is different. I am glad the laws on it are changing. Just because I was financially irresponsible, I should not be able to just walk away from my debts. Mafia interest rates or not. My decisions, my responsibilities.
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