Hello everyone, because im not to familiar on how this works. Can anyone give me a rough guestimate of what a DMP monthly payment would be on roughly $70,000 in credit card debt? I am currently paying around $1200-$1500 a month and that just barely gets me over the minimun payment due and it also leaves me with very little to work with for the month and i have made all the sacrifices to my expenses that i think i possibly can. If the payment is going to be around the same that I pay now than I may have to look into bankruptcy. Can anyone shed anylight on this for me. I hope to hear from people who have a.) expierienced a DMP or b.) know someone who has. Thank you and any info is much appreciated.
FYI, I only have 4 creditors to deal with. Discover, Amex, B of A, and First USA
