Question: > Without knowing your full financial situation, this question is impossible > to answer intelligently. You have to look at the numbers and decide > how much you can pay and how fast. Only you know this, but in general, > the faster you pay off your credit card debt, the less costly it will be > to you in the long run.
Answer: Well, the original poster could publish a full disclosure of their entire financial situation, bank accounts, balances, debts, income, prospects for raises, etc. This would allow someone to intelligently answer their question. This might also allow someone to steal their identity, run up their debt and stalk them but there are drawbacks to any plan. 
My general take on this is that bankruptcy is a last resort. The kind of the thing you do when the alternative is to start borrowing from fellows who break legs. Has the original poster gotten themselves in this deep? I don’t know. As you said, it’s impossible to say without knowing a lot more about their situation. Generally speaking though, I feel it’s a good idea to do your best to pay your debts.
Scary perhaps, but paying off what you owe is the best course in the long run. It will most likely help prevent you from making the same credit mistakes again. I think bankruptcy should be used only in extreme cases. People who can’t control their spending and then dump out on the creditors isn’t the same thing as those who are put in impossible situations due to catastrophic medical costs or other such circumstances.
Honor your “promises” and pay your bills. In the end, you’ll feel better about yourself and will have learned a good life lesson.
Related posts:
- scrimp and save or bankruptcy?
- Bankruptcy info needed
- Bankruptcy info needed
- Credit Counseling or Bankruptcy?
- Louisiana – NOT the place for Bankruptcy…
- Home Loan After Bankruptcy…Need Advise
- Which first: erase CC debt, or save for house downpayment?
- Bankruptcy an option?
- Fair Credit Billing Act question
- Louisiana – NOT the place for Bankruptcy…
- Bankruptcy an option?
- save 3 to 5 hundred dollars a month