How Do You Create a Payment Plan?

A woman at a kitchen table writing out her debts and monthly payments on a notepad

Written by James Frego, bankruptcy attorney at Frego & Associates. Reviewed and updated July 15, 2026. Put $200 a month toward a $10,000 credit card balance and, at today’s average card rate, you’ll still be paying it off almost 12 years from now. The interest alone can total nearly twice what you borrowed. That is […]

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