My original plan was to settle all my cards, which are all coming up on 180 days. I was talking to somebody that filed bankruptcy, and it seemed like a good idea. Do settlements stay on your credit report for 7 yrs also? I really don't have anything that they can take. I owe more on my home than it is worth. I don't know that much about it, so I thought I would ask. I'm thinking why pay thousands to settle?? Thanks for your input.