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adamrvj83

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I'm having a hard time keeping by just making the minimum payments. Should i file for bankruptcy?
I cant afford to pay more than that but pay a little at more every year with my tax return but at this rate it feels like it would take 20 years to pay it off

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Top Contributor
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Understand that filing bankruptcy will hurt your credit for TEN years. Also understand that this is a question that we cannot answer for you, only you know your situation. Are there alternatives to filing bankruptcy in your situation? Could you sell things that you don't need, downgrade from expensive possessions to less expensive possessions, would setting a budget help matters, could you find extra employment or better employment, etc? Many questions to ask yourself here and evaluate where you are in life and what you can do to make improvements in your life. Sometimes bankruptcy is the best answer for many folks, but sometimes it is the wrong answer and can cause credit problems for years when it wasn't necessary to do so.

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