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[quote=Anonymous]Age 42, poor health, physically demanding job.

Debt due to overspending after divorce plus escalating loan balances.

Debt prevents her from getting more education (debt free) to increase her salary and get a job that is less physically demanding.

Working like crazy to pay off a debt at a relatively low income for 5+ years means giving up the opportunity to go to school, get a better paying job for that long as well; increases likelihood that illness or disability will further derail her plans to secure her future.

The best odds plan is to sell the expensive car you can't afford. Buy something cheaper. Yes there may be car repairs - or you might end up having to take public transport or even pay an Uber. It'll still be cheaper than $700/month for 5 years + high cost of insurance for a new car.

Once you have a paid for car, and a two year lease, declare bankruptcy and get rid of the burden of debt. Start with a fresh slate, and use the next two decades to put yourself into a better financial position.  get a better paying job and start contributing to a retirement plan.

It 7 years or so, when you are 50ish, you can look into buying a condo or a small house where you can live in your retirement. [/quote]

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