http://www.kfmb.com/features/consumer_aler...ry.php?id=19581

http://www.dailykos.com/story/2005/8/20/173341/766

This is all I can find so far. Apparently along with the new bankruptcy legislation that goes into effect 10/17/05 there are new guidelines for forcing creditors to assess minimum payments at a 10 year payoff instead of a 20 year payoff, essentially doubling minimum payments.

I pay more than the minumum, but there's no way I could afford double on all my credit cards! And I'm only about 5 grand in debt!! The average american has over $9,000!!

I can't figure out if these new guidelines are part of the new Bankruptcy Law or if they are separate, but poorly timed. If anyone knows any more info on this, PLEASE POST IT!!

Disaster awaits in the next few months!!

-A-