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rhaussecker

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Pay Debt or File Bankruptcy?
I have a lot of debt some new and some old, about 40,000. What is best for establishing a better credit for future. Bankruptcy? 38YO and drowning. Harrassment phone calls at home and employer is embarrassing and they are threatening me too.

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To help your credit, you DO NOT want to file bankruptcy.  Sure, it's a 'new start' as in starting from the beginning.  A competent bankruptcy attorney will give you advice that just may avoid the need to file.  And you could Google Dave Ramsey   and follow his 'baby- steps' to get out of debt.

Since this is YOUR debt, don't you think it would be a sign of maturity and responsibility to seek ways to pay this debt?  Get a temporary second job, negotiate payment agreements with the creditors, something to show you intend to pay and are not seeking a way out.  You've enjoyed the benefits of credit, now it's time to show if you are worthy of the trust they placed in you when they granted the credit.

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