I'd repeat what others suggested, if you really stripped it, either get it re-chased, or just use a bolt and nut. i've done this before on frames that didn't have threaded eyelets (yes it's really old or bad threads before it got to me), in one case i had to put the bolt in with the head on the inside of the frame and the bolt on the outside for clearance reasons. aesthetically not the best but it worked fine.
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