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[quote=Anonymous]If a job is in the near future I would hold off on bankruptcy.  I was getting hit with all the minimums and while i could pay them there was no way out long term.  Solution was a debt consolidation program.  This is not some legal proceeding its what is called a structured settlement. You don't file anything in court/ lose your home or have any assets seized. You would have to be able to make a monthly payment. You would need to stop living off of credit.  The "structured" part of it is creditors agreeing to accept less than what is owned in the form of monthly payments. It can save you 35-50% of the total amount owed.  The monthly payment won't drop by much ( as compared to mins you pay now) but it can be tailored to be low in the beginning to get started. It would take close to 5 years and your credit will bottom out but recover over time.  You can go about these types of programs on your own by calling creditors I wasn't able to make that happen so I worked with a company to handle all of these on my behalf.  I make one payment to them which is close to what I paid before but I have an end date in the future where I will make it out of this program. I am almost 4 years in and happy with how it turned out. [/quote]

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