<prompt> Human: Hi all,I just got a call from a debt collector that I owe 16k which is accruing interest at 9day. They want 8k down immediately to freeze the interest and wont really budge from that.I understand that I did accrue this debt an old credit card that I stopped paying when I was going through some personal issues and want to pay it off as quickly as possible. At the moment Im making around 180kyear and dont have many personal expenses. I dont have any savings currently but do have quite a few random assets I could sell TV, Guitars, Laptops, PCs, etc.Im on holidays at the moment and am looking for the best way to make this work. I said I would pay 1k down in good faith but am reconsidering this as I believe it would just be wiped out by the interest until I can pay the entire 8k down and pay it off on a regular basis after then.Do I have any options in this situation? For reference, Im in Australia if that changes the lawsregulations around this.Thanks in advance!  <response>: With my income, a percentage of yours, I could come up with 1k a month without changing my lifestyle at all, more like 1500-2k with effort. How you cant come up with 8k means you need to linger in this sub for a while. Tough love but itll be the best thing you do this weekend. You have a fantastic salary and shouldnt have to worry about debt if managed even just somewhat appropriately. 