When thinking about trying to pay off credit card debt outside a bankruptcy it’s important to consider how difficult that can be. If you’re carrying a $10,000 credit card balance with an interest rate of 15% and only making a minimum payment of 4% of the balance owed each month, it will take nearly twenty (20) years to have the debt repaid. And that’s assuming you’re no longer using the credit card. If the interest rate is higher than 15% or the minimum payments are lower than 4% of the balance the length of time to pay it off will obviously be even longer. Even filing a Chapter 13 bankruptcy, where there is no interest accrual and you don’t have to repay all the debt, is often preferable to struggling with credit card debt repayments for decades.