Should I take out a loan to remove a suspension from my license?

Long story short—my license was suspended several years ago. I went through the proper legal channels and repaid my debt to society. The problem is that I can't get my license reinstated until I pay $1,000 in fines. I don't have the money. Should I take out a loan?

Answer
That’s a tricky situation, but good for you for squaring things up legally.
Unless you can repay that loan in a decent amount of time, you probably shouldn’t do so. Loans, and especially unsecured loans or credit cards, can rack up interest exponentially.
Your best plan is to save money to pay off fines for DUI or other infractions.
If you need a car to get to work, you may be able to sign up for a hardship system in your state. This will grant you a restricted license so you can drive to necessary events, like work or medical appointments.
Another option would be to save money on your car insurance. Though your rates are likely high because of your license suspension, you can still save money by shopping for quotes with Jerry. Jerry will compare quotes from up to 50 providers, allowing you to find a policy that works for you. Average Jerry users save $879 per year.
Eric Schad
Answered on Oct 29, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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