I am medically unable to work and I collect a small amount from welfare (not nearly enough to pay all my bills) until my disability benefits are approved. I need over $400 monthly to pay my bills and I’m given less than half that to pay them. I have about $8500 in debt split over 4 credit cards and 1 loan. I have talked to several debt settlement companies and I have been told I can settle my debt for a reasonable monthly payment that I can handle.
Several lawyers told me I am Judgment Proof and I should follow that route. After reading a lot about Judgment Proof, although I am eligible, I don’t know if that’s what I want to do. I’ve done a lot of thinking and research on what my options are and just can’t decide what to do. I have to do something about my deteriorating financial situation before it’s too late.
With everything you know and from what I’ve told you, what do you suggest?
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