Quote:
|
Originally Posted by The_Jazz
.
If you're looking to solve the problem rather than run from it (as Ustwo mentioned), then I suggest that you find a local nonprofit that specializes in credit counseling and see if they can help you budget better and work with your creditors. Personally, I think that this is the better option since your situation does not sound like you're in serious trouble at the moment.
|
I would disagree with this sentiment, but to each their own. Working with credit councelers damages your credit almost as bad as bankruptcy - and they generally don't do anything you can't do yourself.
If the 20k of credit card debt is all your going to gain, I don't think that it would be worth it - depending on what you make per year.
Your lease won't go away on your vehicle, your rent isn't going to drop, and if you have school loans out there they will also be unaffected.
Perhaps a part time job? It might suck, but seven - ten years of damaged credit would likely be worse. 20k seems like a mountain of debt when you're looking at it in the beginning, but every journey starts with the first step. In this case, stop using them and start paying them off...