No. of Recommendations: 0
Anthromn - this is a pretty empty board and you may get more responses on the credit card and consumer debt board.

Short answer is as follows: not enough information

Long answer - you need to consider your other debts and the conditions that led you to default in the first place. What other debts to you have? Do you have an emergency fund? Is your source of income secure.

Without knowing more, I'd suggest consolidating, using an income based repayment plan, and keeping the $1000 as an emergency fund.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.