AVBucks4239 wrote:Anonymous User wrote:Once you get that credit card paid off, you can take the money you've put towards that and you'll be shocked how quickly you can save money for more worthwhile goals (vacation, house down payment, retirement, etc.).
She's open to just filing for bankruptcy so we're going to speak with a lawyer buddy of mine in a few days to see what happens there. She has no choice at this point than to face a really bad credit score whether by bankruptcy or we settle with the credit card companies. My credit score won't be affected she's going to have to live with the consequences of her actions and just eat it. I don't want to have to pay this back. Student loans are coming due next month
I don't know enough about bankruptcy to give you advice as to whether to file or not, but this seems short-sighted and a good way to make your financial life pretty damn difficult for the next 7-10 years rather than just sucking it up for 2-3 years and dealing with this.
As DZ said, it's her score not mine. My name isn't on any of the debt. We have a house that is jointly owned so creditors can't touch it and both cars are paid off. She knows her credit is going to have to be the price she pays for her stupidity and she has accepted it. Just seems like the most sensible route to go considering the enormity of the debt. And DZ, it's the stupidest thing ever. I'm going to give 3 guesses at it and I bet you won't get it.