From Bankrate.com: http://www.bankrate.com/finance/d...k-debt.asp
Sad but real story on BTs: $50K with 24% interest. The recommendation is to pay minimum balance ($1500) every month.
The best suggestion is: (1) Do not ever take BTs (even with teaser rate) if one cannot pay it off within the time frame of the low rate, (2) Repeat 1.
In this bad situation ($50K, 24% interest, can not afford to pay beyond minimum payment), the smart suggestion should have been: find or work with the bank for a lower-rate replacement and pay it off in lightning speed to make up for this horrible error.