No. of Recommendations: 0

My only concern about the "wait until later" approach is that it seems as though the Republicans in Congress want to make that impossible (we miss you, Paul Wellstone). I can see myself still owing the money, possibly more, with creditors I can't pay hounding me, and with nothing in the bank.

If I declare now, I could put something away for future bills, eliminating the interest that is compounding (the usual - now that I owe so much, no one will lower the rates or give me a card with a lower rate). Especially since I currently have a decent retirement plan that boss will match so that anything I put away is doubly good.

Another reason for declaring now is that it would make a job change easier - to a job less physically taxing which might, in the short term, mean a slight pay cut and a little retraining (and my salary would be halved while retraining). The change, I hope, would mean I'd be able to work indefinitely instead of winding up on disability, and I'd keep good health insurance. And a clean slate, so that I'd only owe rent and so on, might make that possible.

Thanks for the feedback - a lot to think about.
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