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Question by : I have ,000 in old debt can I avoid bankruptcy and pay it off I only make 26,000 anually?
This is mostly credit card debt from when I was 18 and I’m now 25 and want to fix my credit
Ok I realize that this much debt is a bad on my part I firstly just had my salary cut by half 2 months ago, second, my debt is about 7yrs old . I am learning my lesson big time, but I refuse to allow some clown blame me for America’s financial woes. I have never been without a job and have paid taxes for years. Understand, I know the situation I’m in , I’m living it! Critics, I don’t need you right now I need advice!
Best answer:
Answer by calle trece
No. Your annual salary has nothing to do with the debt. You can consider bankruptcy but you have to consider your future plans. Weigh in the benefits, is tainting your credit worth paying thousands of dollars a year?
Also you should be ashamed of yourserlf. How can you owe 10k if you only earn 26k?!? It is because of greed and people like you that America’s economy is so messed up. If you can’t pay for something, don’t buy it. I hope you learn your lesson.
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