“Dear Steve,
Due to job loss and severe health problems over the last 2 years, I have over $75K in credit card debt. My unemployment payments recently stopped and I got scared – so I contacted Freedom Debt Relief. Some of the comments you put up have made me nervous – especially about being sued. I am only a couple of weeks into this process.
Would it be worth my while to have a lawyer intervene and consider filing bankruptcy – I am 63. Or should I give this process time and see what happens. I certainly do not have thousands of dollars to settle law suits.
Cheryl”
The Answer:
Dear Cheryl,
I can’t see how a debt settlement approach makes any sense in your situation. You have no income. How in the world would any debt settlement company think it was reasonable for you to pay their fee and save up $40,000 to settle?
You need to close the door on this old debt and focus your efforts into looking for a job instead of answering calls from debt collectors and waiting to be sued. Click here to find a local bankruptcy attorney and go seem them ASAP.
Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.