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Default would tank your credit score and possibly jepordize future job, housing, and banking opportunities. Even if it's brutal, I think it's better to avoid de
by Overtonwindow 9y ago
Default would tank your credit score and possibly jepordize future job, housing, and banking opportunities. Even if it's brutal, I think it's better to avoid default if at all possible.
- indubitable 9y agoCompletely agreed which is why I think it's bizarre that the loans cannot be dismissed. Bankruptcy has similar effects and lasts for 10 years! The reason I mention it is he was talking about $471/month with 0 principal progress on a salary of $18,000 was driving him to literal suicide. At that point taking the 15% and consequences is undoubtedly a better solution.