Hi! I just joined th Debt Collective because I am (after 20 years of “payments”) going to owe almost $450,000. I am 26, with a full-time job, but barely make $45,000 a year. There is no feasible way for me to pay these month payments, which are $1,850. more than double what I pay in rent each month. I have been in deferment and forbearance before, so I can’t do it again. My only option at this point is to not pay and default. I would love to hear some advice from people who have been through this. I don’t have anything under my name thankfully, so there is nothing to take from me. Any help is greatly appreciated!
