Hi, I'm 22, and I have about 10-15k in debt. Mainly credit card debt. How do I go about fixing this? Some people tell me to just wait 7 years and it goes away. Other people are saying this is not true. Others say declare bankruptcy, and I will admit, that does sound kinda scary, I'm only 22, I don't want a bankruptcy on my record. What do I do? I hear these debt collectors will settle for 30-40% of the debt after a few years of no payments being made, is this true? I really need some good advice and I'm not sure what to do or who to turn to. If you know something I don't I would really appreciate your help.