I’m Struggling with Stress and Can’t Afford All My Bills. Should I Apply for SSI? – Lauren

“Dear Steve,

I am unemployed 26 years old with a bachelor’s degree I cannot use in my area. I have been under mental stress lately by going in and out of hospitals and cannot seem to bring myself to paying bills. I have been told to file an SSI claim but does that have certain stipulations? I don’t want to be labeled that for the rest of my life. Will I be able to get out of debt with my current unemployment check that I have now? My work experience does not qualify me to most positions out there. Please help me. I owe about 40000 in student loans and close to 50000 in hospital bills and my credit is shot. Thanks.


Dear Lauren,

Alright, this could be the first step to the type of life you are looking for. It’s interesting, mental health issues and money problems go hand in hand. They seem to exacerbate each other and by tackling one the other seems to improve. They just don’t seem to co-exist well.

What kind of student loans do you have? Are they private loans or government backed loans. It makes a big difference.

I can’t see how filing an SSI claim labels you as something other than what you appear to be, disabled and unable to care for yourself at the moment. It sounds like that is a factual statement and if you qualify for Supplemental Security Income, you should collect it. You can learn more about SSI and/or begin the application process, here.

Let me know about the student loans and let’s take it from there.

Please post your responses and follow-up messages to me on this 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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Steve Rhode

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