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killmetruck t1_j23j47l wrote

You seem to be putting a lot of blame on third parties (the university fucked you over, the visa fell through…) and taking no responsibility. You got here because you took too many loans that you could not afford.

If you want to post your budget, we can try to help to see where you could cut expenses and find money to pay off the loans. Look into the avalanche and snowball methods of paying down debt if you’re interested in this option.

Only you can decide whether you want to live with the consequences of defaulting or bankruptcy. Make sure that it won’t affect your current job and visa too.

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slamspamslam OP t1_j24jcig wrote

Thanks for the answer! I am familiar with the Avalanche method and am doing that in theory, but in practice there is nothing left over after paying the minimums. I prep all my own food and do not go out to eat; there are no outgoing investments.

I'm aware of the best practices for saving money - as it is, after paying for minimums, rent, and transport to/from work, I often dont have enough for food for the month. Hopefully I will get a raise or two over the next few years, but as things stand the timeline for paying off my high interest debt is >10 years, and assumes I continue to get 60hrs/week.

Appreciate any advice about the process of defaulting/bankruptcy, and how that could impact either my legal ability to return to the US, or the ways judgement can be enforced overseas.

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killmetruck t1_j24kh0z wrote

I didn’t mean that it would affect your ability to go back to the US. Some countries would take into account a bankruptcy procedure when approving a visa, so in the country you’re staying in right now, you could be affected when renewing the visa.

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