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[quote=Anonymous]How is your credit score?  Have you tried calling the credit card company and asking for a lower interest rate?  Sometimes that works, especially if you have good credit.  Have you looked into refinancing the car loan for a lower rate and/or longer term?

If you are even considering bankruptcy, do _not_ withdraw or take loans from retirement plan savings to try to pay down anything.  These accounts are generally protected in bankruptcy (I am not a lawyer).

You still haven't answered the question about whether or not school will improve your income?  If you could, say, double your income by getting more education, then that is definitely worth considering, but only if it is a near-certain result.

You would have to do the math on selling the car.  I probably wouldn't do it if I needed a car and could afford the minimum payments.  If you sell the $700/month car (and are somehow magically not underwater on the car loan) and buy a $400/month car, that doesn't really help anything if your car maintenance costs go up by $300/month.  At that point, you might as well keep it as long as possible and consider it to be a reminder of a hard lesson learned.

How are you surviving now on under $2k of disposable income per month?  Is moving in with a friend or family member an option for a short period?[/quote]

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