I've heard some comments like, "She should move to another country." Don't do this. Yes, lenders will harass you. Yes, they might sue you. If you are in deb

I've heard some comments like, "She should move to another country." Don't do this. Yes, lenders will harass you. Yes, they might sue you. If you are in debt, and can't pay back--first send a registered letter to the collection agency stating you do not want to be contacted again about the debt. If worse comes to worse, and they get a judgement against you; don't panic. You have rights. They cannot clean out you bank account. They cannot take you entire paycheck. (with a little accounting magic, you could make a fair amount of money, and they still wont be able to attach you pay check.) You are allowed to keep possessions, but make sure you read what you are allowed to keep. Hell, you are even allowed to keep heirlooms up to a certain value. My point is yes they want your money. Be smart? Don't panic. You can still have a full life. Try to make your self Judgement Proof. I've never said this, but if you are a recent graduate, and have student loans, and have a sneaky feeling you won't be able to pay off the student loans; maybe read on. Really try to keep your credit clean. Get that first job--apply for unsecured credit. Don't lie on the applications. If you can swing it, use credit cards to pay off your student loans. Yes, use CC to pay off your student loans. Do it right. Make sure you have enough unsecured credit to pay off the student loans. Wait a few months. Declare a chapter 7 bankruptcy. It's not an easy maneuver, but as far as I know it's legal, but run it by an attorney. If it works--great! Try to keep abreast of federal bankruptcy laws, and changes. It seems like with every Republican administration lobbyists try their best to make declaring bankruptcy more difficult. I foresee a Republican administration in our near future? In doing any legal research--I found findlaw to be a horrid legal site. Too many wannabe attorneys. What ever you do don't do anything rash--like leave the country, or even think about suicide. Yes, there are people who have killed them-self's because they don't know they have basic debtor rights. Being in debt is not the end of the world.