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No Soup,
The info in the thread is great. I hope you can give me some advice about my situation:
I'm 24, single and have been with the same company for 6 years (4yrs part time while in school). I currently make 48k/yr before taxes. My debt has been piling up between school and family financial problems. I have a 40k school loan that was co-signed by my cousin, which I have been paying off on time. I also got a $21k car loan in 1999, which I am paying off on time as well and will be paid off next Nov. My main problem is credit card and some leftover tuition debt. I have about 5k in CC debt, 6k in tuition at a collection agency and 4k in CC debts that are also in collection agencies.
My credit scores are horrible and I have about 16 negatives on my credit reports.
Between rent, car payments, loan payments and other necessities I only have about $200/month to divide among the collection agencies.
Should I look into declaring bankruptcy? How will bankruptcy affect my cousin who co-signed the tuition loan?
I want to turn over the new leaf!
Thanks for the great help
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