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My Drives License is Suspended Until I Pay My Fines. – Phillip

“Dear Steve,

I have over 15,000 in hospital debt, over 9,000 in traffic fines and a student loan debt of more than 30,000 dollars. I keep making valuable efforts to repay with my income but with recent moves and job changes Im just losing my mind focus and energy.

I regret my financial decisions and argued some of my fines but I dont even think bankruptcy is an option. I work very hard even looking for a part time job. My rent is over 750 a month and with food and other expenses, well its challenging..im seeing a counsler to help cope with my mental health but know its not the cure..i dont know, any ideas????

My drivers license is on hold until I pay off my fines. With my other debt my student loans (collection agency) wants 300 a month nothing smaller. Its going to take years for me to pay off my traffic fines, which are all non speeding tickets, just lack of registration,safety and no insurance. Do I have any options here to start fresh??? Im scared single depressed and have no clue what to do?????? Ive spoke with lawyers and others and so far im getting no help?? Can u offer any advice? Yes, im desperate!!! I

Phillip”

Do You Have a Question You'd Like Help With? Contact Debt Coach Damon Day. Click here to reach Damon.

Dear Phillip,

It seems like the underlying issue here is the lack of organization. You’ve alluded that your mental state has some impact on getting that under control.

Getting yourself stabilized for your mental illness would be my first priority and then we can tackle some of the other issues afterwards. Without that stable foundation I’m very concerned that any progress we try to make towards the debt is simply going to bust out again.

If you have government backed student loans I want to you look into the Income Based Repayment program (IBR). This would give you a payment based on your income.

See also  Left a Good Paying Job to Follow My Dream. Now Laid Off and Facing Foreclosure.

Don’t forget about me here. Keep me updated on getting your mental issue under control and then we’ll tackle the debt. Deal?

Please post your responses and follow-up messages to me on this in the comments section below.

Damon Day - Pro Debt Coach

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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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