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myopinionnoconseq OP t1_jabiple wrote

Reply to comment by New-IncognitoWindow in I have an $18,000+ bill leftover after dropping out. How to not let it crush me? by myopinionnoconseq

what do you mean by settle? are you able to negotiate with collections agencies? how will that impact my credit score? thank you for your response.

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Virdel t1_jabore8 wrote

It will bomb your credit score, but you basically have no job and no great prospect of paying this debt, I think this likely makes the most sense. This will almost certainly bar you from this university in the future though.

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New-IncognitoWindow t1_jabjk13 wrote

Yes and it will definitely hurt your score but if you’re already broke it may not matter.

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