I’m Living Paycheck to Paycheck After a Divorce and Can’t Make a Dent in My Student Loans or Credit Card Debt. – Tonya

I have just over $20,000 in student loans, $8000 car loan, $700 credit card, I’m working on paying off a charged off credit card of about $3500, and I have a hospital bill of around $1400. I currently make $23712/yr. I’m making minimum or Income Based payments on All of them and now my IBR for my student loan has gone up by $20/month due to a raise. Due to the charged off credit cards and some hard times after a divorce, my credit score is around 600.

I can’t seem to make ends meet. I zero out my bank account or more every paycheck. I don’t feel like I spend frivolously and not only am I not making a dent in my student loan or credit card, I’m not able to save any money for retirement, household projects or even a vacation! I’m also putting off refilling my prescriptions month after month. On paper I make too much to receive assistance. Can you make any suggestions of how to conquer this?


I’m currently backed-up on answering questions so I’m posting some of the questions here for you to help answer.

This is your chance to be a hero and help out this person by providing your feedback and answer to the question in the comments section below.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

Damon Day - Pro Debt Coach

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