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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.
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