“Debt-on-debt ultimately ends up in bankruptcy.”

Yes, I’d agree.

Interest payments on top of interest payments generally can lead to a bankruptcy filing.

Unfortunately after the 2005 BAPCPA, it may be harder to discharge that credit card debt for some debtors.

However, filing for bankruptcy may at least stop some of the interest from piling up…

http://news10now.com/content/features/

Also, all you debtors might want to read the very fine print on your credit cards.

I recently looked at a credit card that offered a “0% interest rate for 12 months.”

However, the fine print said that they could change that time period whenever they’d like.

Amazing.

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