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Posted in Paying Your Bills
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Question By
Triceec

2 Contributions
9 People Helped
I have 502 credit score 82,000 in debt. 62,000 is student loans. What do I do.

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Top Contributor
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Well, bankruptcy is not an option since student loans cannot be discharged in bankruptcy.  You may want to contact your loan servicer to see what kind of payment arrangements might be made, or find out if there is any type of forgiveness program available to you since student loans also have no statute of limitations and remain collectable until paid in full no matter how long that takes.You may want to check out Dave Ramsey's site to see what is recommended in repaying the other debts since he has some pretty sensible ideas. It's going to take some time and some work on your part, but you can make it.

Top Contributor
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Start paying them down. Don't apply for anymore credit, work and pay your your bills on time.  Your credit rating will improve on its own over time. 

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