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spacewxyz t1_iyby6on wrote

You could consider a bankruptcy of some kind. This is an enormous amount of high interest debt. Generally a bankruptcy is a bad idea for a lot of reasons but it might be worth it with this much debt. Its going to be extremely difficult to pay this off.

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Lets say you keep 3500 dollars a month after all basic expenses. It'll take you two years to pay that off assuming no interest and no spending of any other kind. That's kind of absurd. A bankruptcy after 2 years will start to wane in significance so i think it might be worth it.

You could also let it go to collections and try to negotiate it down. Lots of times people are able to pay less than half of the original credit card amount.

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