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Home > Ask The Get Out of Debt Experts > My Mom is On SSI and Accredited Debt Relief is Selling Her Debt Settlement. – Molly

My Mom is On SSI and Accredited Debt Relief is Selling Her Debt Settlement. – Molly

“Dear Steve,

My mom is 63 years old and was recently divorced and left with all the marriage debt. She has a discover card in her name (15k) and medical bills (4K). She is on a fixed income (SSI) and paying her monthly minimum it will take 15 plus years to pay it off. Is it a good move to work this Accedited Debt Releif to get this debt resolved?

They are telling my mom not to pay her payment and fall behind and then they will work with Discover to get a payoff amount and then my mom would have an agreement with Accredited Debt Relief to pay off the balance. I guess I am just asking for advice to this situation.


Dear Molly,

That makes no sense to suggest an older person on SSI should enter a debt settlement program. – Source

I’m assuming your mother does not have many other assets or equity in her home. If not there is no reason to enter a debt settlement program when her SSI income is exempt from garnishment and she does not cash on hand to settle.

There are other options she could and should look into first.

I’d suggest you first read How to Get Out of Debt. The Honest and Unvarnished Truth and The Truth About The Success Rates, Failure Rates and Completion Rates of Credit Counseling, Debt Settlement, and Bankruptcy. They will give you a great overview of what we need to deal with to get you moving in the right direction.

Then use the free How to Get Out of Debt Calculator to review your options.

Once you’ve identified a company you want to work with, then follow my step-by-step guide on how to check out a debt relief company.

Please post your responses and follow-up messages to me on this in the comments section below.

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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • DMP Employee

    She should just stop paying, forget a bankruptcy attorney – she is on SSI, the creditors can try to sue her, but since she is receiving SSI they will still not be able to get any money from her…they may put a lien on her home at worst…

    • Damon Day

      And your advice to forget even speaking with a bankruptcy attorney is based on what detailed knowledge of her mothers situation?

  • Damon Day

    First your mother needs to understand that what they are presenting as a debt settlement program is typically not what will be happening. What will be happening is that your mother simply stops paying and hopes to save enough money to settle the debt with Discover and her medical bills before they potentially sue her.

    I would highly recommend she meet with a BK attorney prior to making a final decision.

    With only a few creditors, if your mother decides that a BK is not a better solution, I would recommend she just start saving her money on her own and if she is able to raise the funds, then she can negotiate directly with discover. If she would like to hire a company to settle, I highly recommend she shop around because most settlement programs are very expensive for what they actually do.

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