Ask The Get Out of Debt Experts How To Get Out Of Debt

My Debt Makes Me Sick and I See No Way Out. – Emily

Written by Steve Rhode

“Dear Steve,

I am in financial turmoil right now and I am extremely stressed out to the point of being sick because of it.

I work a full time job, but I don’t make enough to support myself. I do have some physical restrictions due to the physical nature of my job and having it take its toll on my knees, feet and back.

I have kept the job because when I do get overtime there, I make a lot more than I would working a few days at a second job.

The problem is that we aren’t busy enough for me to get overtime right now. I decided to get a Paralegal degree on line and was promised job placement etc etc but there isn’t anything available in my area where I can make at least what I make now which isn’t much.

I would have to move, which wasn’t part of the deal. My job has a cap when it comes to pay and I met that about 9 years ago and have not had a raise since. It is completely ludicrous I know, but I was trying to take steps to get a better job. Now I have a huge student loan due because I borrowed extra money for living expenses which kept me in my apartment.

In addition to the student loans, I have three different medical bills I owe on and three credit cards that total no more than $1800.00. I am also in a debt consolidation program for another 18 months yet and that takes $253.00 a month out of my income.

I have poor credit because of that so I was denied a loan that would have helped my get caught up on my bills and rent, along with paying off my credit cards, so that I can cancel the one I don’t need anymore.

Do you know of a reputable company that will give loans to individuals with less than perfect credit?

My credit scores are in the low 600’s right now which actually surprised me considering. I looked at a couple of my credit reports and found that the federal loans I had in deferment were reported as delinquent when I have the proof that they were deferred, so I disputed them.

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I know I am worrying too much about my credit rating. I read an article last night where you told someone credit can be repaired and not to worry about it so much.

I am having a hard time with that because I had a bankruptcy back in 1999 after I hurt myself at work and the bills piled up and the companies weren’t willing to work with me.

Anywho, I would appreciate any advice and resources you can share with me.

I am looking for reputable resources to try and get a loan, along with any advice you can give in regards to my financial situation.


Dear Emily,

I loved your use of “anywho.” I’m sure we’d be fast friends if we met. Us anywho people have to stick together.

What kind of debt consolidation program are you in now? Can you tell me more about it and even who the company is?

don't give upUnless I’ve got this wrong, it looks like you were already in the process of consolidating your debt and then wound up going back to school and most likely funded the education and living expenses with private student loans I’d bet. Am I right?

Here is what I know for sure right now. The fact you are making yourself sick over this debt means we need to come up with a plan and take some action to make things better. If you are feeling physically ill I would bet you may also be dealing with depression caused by this situation as well. In a study I previously did we found that 4 out of 10 people with problem debt were clinically depressed and that held them back as well in getting help.

Seriously, the credit score is the least of my worries right now. I need to get you headed in some direction that will address your situation and we can easily repair the score later. It’s actually stupid easy to do once the debt is dealt with.

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Don’t give up. You can do this. There is a better day ahead.

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.

About the author

Steve Rhode

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.


  • Steve,
    Thank you for such a prompt response. I didn’t expect that and am grateful. I am in a program with a company called strategic Debt solutions. it is a three year program. You pay so much a month based on the debts they are trying to settle for you. The money you pay each month goes into an account with a company called Global Client Solutions, which I noticed is involved with a law suit.(yikes) They have settle two of my debts so far and once that is accomplished, they are supposed to fix my credit.

    I actually joined the program after I was done with my schooling. I had anticipated that I would have found a job in the Paralegal field by now, but have had no luck. I can’t afford to move, and I don’t really want to at this time since my family lives closely to me.

    I will stop worrying about my credit score right now then. Thank you for telling me that because it is a huge relief to me. I have worked so hard to try and maintain good credit that I have paid hundreds of dollars in overdraft fees at my bank. In fact, I would guess I have funded some staff vacations to exotic locations.

    I will add that my family has said anywho for many years. I absolutely love that word ๐Ÿ™‚

    Thank you so much for your encouraging words. I truly look forward to getting back on track and eliminating debt and stress.

    P.S. I am not using my real name for privacy reasons, but will gladly share information that can help another person and prevent them for getting themselves into a situation like mine. I am always telling younger kids to play it smart. ๐Ÿ™‚

    • If you get a chance, could you please fill out the “Rate Our Site – Leave a Testimonial” form by pressing the button above the comments?

      Keep your eye on the debt settlement company. Make sure they are only taking their fees after they have reached a settlement with your creditors.

      Keep me posted.

      • Steve,
        I filled out the rate our site for you. I also used my real name. It is Sophia. I felt guilty not using my real name, which is ridiculous, I know. I forgot to add another twist to my situation. I also am stuck with a vehicle that is “upside down” by quite a hefty amount. That is a long story, but I was promised one thing and received no help from the dealership that promised to buy back my vehicle if I could no longer afford it. I have tried many different dealerships to see if they would buy my vehicle so I could get into something I can afford. I have had no luck. Any suggestions on that? I did try returning it to the bank once and that didn’t go very well.

        Sophia ๐Ÿ™‚

        • No worries.

          So here is the irony. If you had qualified for a chapter 7 bankruptcy and did that instead of the debt settlement approach you could have turned your car in and your debt would have been discharged in 90 days. If you got right back to rebuilding your credit you’d have been able to buy a new car again in a year.

          The real issue is where do we go from here now that you are in the middle of this debt settlement approach?

          It seems like just focusing on the old credit cards is not the whole story.

          Do you want to stick it out of start over?

          Read this post to learn more about bankruptcy.

          • Steve,
            I didn’t want to file a second time. You cannot discharge student loans, so I thought this was the best way for me to work on my debt. I have to have a vehicle, so I wouldn’t be able to wait a year to get a different vehicle. I have been advertising my car for months. I also advertised it last year too, but no bites as of yet. A local dealership is advertising leasing new Kia vehicles for $99.00 a month. That is a payment I could handle. I would even be willing to lease for 3 years until I could get other things paid off. The problem is that no one wants to touch my vehicle because my loan is upside down. I would probably consider bankruptcy, but I am already ashamed of myself.
            Do you have some suggestions for me? What do you think should be my next step. I am listening ๐Ÿ™‚

          • I hear you but you can’t make this decision through an emotional filter. We need to let the facts help us make the right decision for you.

            Just because you had a hard time back in 1999 does not mean you’d have a hard time now. I doubt you got straight back to repairing your credit back then. You were probably gun shy about credit.

            If you were not paying the settlement company would you be able to afford your current car payment?

            I need for you to start thinking about yourself as your own corporation. Read

            We need to do what is best for you as determined by math and logic.

            If your student loan payments came due now would you even be able to afford a car? How much would those payments be?

            I’m not saying you should go file bankruptcy. What I am saying is you should not put any solution off limits until we figure out what will best resolve this problem.

          • Steve,

            I am already paying on three different student loans. It costs me $320.00 a month for those. I pay $250.00 a month on my car because they reduced my payment since I couldn’t afford the $387.00 it is supposed to be. It was supposed to be for a few months and they haven’t changed it back at this point in time.That is why, in part, it is upside down and getting worse. I am getting nowhere on the principle.If I didn’t have the higher car payment, or the debt consolidation program, I might break even, but I wouldn’t have any extra for food, gas or emergencies. I run about $500.00 short of just making my bills. That is paying the minimums on my credit cards too, but they aren’t high limits. That doesn’t include any extra money for myself or necessities including some of my prescription medications either.

          • I’m still struggling to understand why the debt settlement company thought it was smart to enroll you when it looks like you are running negative each month. It’s a no win situation. You are making a less than full car payment which is pushing you further backwards.

            Is there some reason it would not make more sense to look at a chapter 7 bankruptcy, discharge the medical bills, credit card debt, and turn the car back in. Then buy a cheaper beater car to drive for a year till you get your credit rebuilt and can buy something better?

            But maybe we should do this. Starting right now I want you to write down on a piece of paper, every single penny you spend for the next 30 days and what you spent it for, like food, housing, gas, etc.

            Let’s really find out what you have coming in and going out. Let’s see if there is something we are missing.

          • That sounds good. We are approaching June here, so I will start a detailed account then. Do you happen to have a private e-mail I can send you a detailed account of my monthly bills? I would prefer not to put everything on here in that regard if possible. That way you can see what HAS to go out every month.

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