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[quote=TwistdMike][quote=Anonymous][quote=Anonymous][quote=Anonymous]File bankruptcy and start over.  If your credit is already bad, you are just extending the time it will take to recover.  Swallow your pride and do what is necessary to move forward. [/quote]

This is terrible advice. [/quote]

It's literally what Dave Ramsey did! Now he tells everyone to bootstrap! :roll: I've always suspected this snake-oil salesman is only popular because he's secretly astroturfed by finance industry who don't want everyone declaring bankruptcy and wiping out their predatory debt.[/quote]

I don’t think you are truly capturing his message... very much against loans and pushes for debt free, cash only.

OP,
Because your credit score is in the dumps already... food, shelter, utilities, transportation, in that order. You are in survival mode.

To heck with the cc’s, let them send nasty letters. It’s unsecured debt. Wait them out and then settle on nickels to dollars. Same with the collections.

Take care of your primary needs and sock away some cash for future settlements with cc’s and collectors, but 1st get you an emergency fund established.

If you’re paying a huge car debt, get rid of it and get a “beater” till you’re back on you’re feet.

Start listening to Uncle Dave’s podcasts.

Good luck! You can do it!
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