A parking ticket payment plan is an agreement between you and the Department of Finance under which you agree to pay the total amount you owe for parking ticket judgment debt in installments, over time, instead of paying all at once. Entering into a parking ticket payment plan can prevent enforcement actions, such as having your vehicle booted or towed. Although your payments will be more manageable with a payment plan, the total amount you owe will increase because interest will continue to accrue until the amount you owe is completely paid off. For example, if you owe $1,000 and choose a 24-month payment plan with 9% interest, you will pay more than $1,100.