My wife is considering the pursuit of a debt settlement for two credit cards of which total around 28K. The company titled, Consumer Attorneys of America, contacted us and recommended that we not pay our bill for the cards. We have never missed a payment, but are unfortunately facing that possibility in the very near future.

We were advised that we should open a new checking account that was not related to the credit cards. We did that. We have not, however, signed anything with Consumer Attorneys of America and are getting cold feet about letting our cards go without payment. My wife accumulated the debt without my knowledge and the cards are in only her name. She only works part-time and doesn’t make anywhere near the money needed to pay the cards off. Any advice that you could give would be greatly appreciated.

Should we really be considering debt settlement with Consumer Attorneys of America? We can’t afford the $600 per month that we have been paying for 3 years due to a 15% reduction in my income over the last 3 years. Is there any other alternative that would better suit our situation?

Thanks

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