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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

You are starting to make more sense now.  You agree that it is doable in 3 years  instead of 5-7 that you claimed before. It actually takes less than 3 years to pay off 55k at 10% if you pay 2k a month which is what OP pays currently.

I dont know if bankruptcy is a better option for her.  She might or might not qualify for chapter 7 with her income. Maybe it is worth exploring as well. And maybe don’t exaggerate and use a calculator next time and you come across as more credible 
[/quote]

Yeah, it might be numerically "doable" but spending 81% of your take-home pay on rent+ debt is not sustainable for three years when your salary is $60,000 a year.  (Did I handle that calculation OK?  I didn't use a calculator... $2,000 to credit card + $700 car loan + $950 rent = $3650 out of  $4500 take-home pay.   Isn't that 81% of her take-home? For three years?  Living off of 20% of your take-home might be OK if you are making $125,000 but I don't think it is sustainable when you only make $60,000. It doesn't leave you any ability to save for emergencies or illness for one thing.

"She might or might not qualify for a Chapter 7 with her income" is a great comment.  Let me help you with that one.  She stated her income as $60,000 to $65,000 per year. I'm assuming that fluctuation is because the higher number included overtime.  A quick look at the statistics for cases filed after Arpil 1, 2025 shows the median income for a family of one is Pennsylvania is. $67,676.

Won't you agree that OP's income is below this number?  So yes, her income would qualify her for a Chapter 7 Bankruptcy.  That seems pretty straight forward.

https://www.justice.gov/ust/eo/bapcpa/20250401/bci_data/median_income_table.htm[/quote]

Assuming she is in PA and not WV then yes.  Also assuming she has not filed for bankruptcy recently (8 years)[/quote]

She said she lived in Gettysburg PA area. West Virginia would be quite a drive.  Maryland would not be too far, I suppose, but the median income in MD is $82,000 for one person.[/quote]

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