I have represented myself in court before... and won. I wouldn't recomend it for everyone, but in a relatively low stakes case, it is better in my opinion, for me, to represent myself than to not have my side heard at all because I can't afford a lawyer. Some folks don't enjoy legal stuff like I do, and it would not be worth yheir time.

I should also clarify that the OP probably made the right choice for them to settle, as they probably had more assets to lose than I do.