Debt Negotiation
What is Debt Negotiation?
Trident Debt Solutions, Inc. provides alternatives to bankruptcy to individuals and businesses in all 50 states. We offer 2 primary alternatives, debt negotiation and mortgage lending to people with less-than-perfect credit (also called “sub prime lending”).
We can help you if you have credit card debt of more than $10,000, you have a lump sum to settle that debt (or real estate with equity), or you can make a payment of at least 4% of your total debt per month.
Here are two examples of how we helped clients become debt-free:
Lionel M. came in with $35,200 of credit card debt. He was able to give us a lump sum to settle with. We settled those debts, including our fees, for $22,200, saving him $13,000.
Here is an example of how we can help you if you do not have a lump sum:
Susan F. has $50,000 of credit card debt. She does not have a lump sum but is able to make a monthly payment of $2000. (The monthly payment she makes is 4% of her total debt, and this is the amount we require for monthly installment clients.). With this 4% payment, we can have her out of debt in less than 18 months.
Here is an example of how we can help with sub-prime (i.e. bad credit) mortgage lending:
Dave R. wanted to refinance his home to pay off credit cards at a lower, tax-deductible interest rate, but was denied by the bank. The bank said his FICO score was too low. Further complicating the issue, most mortgage companies only lend 80% of the home’s value. In his case, he could only pull out $18,000, where he had $30,000 in debt with 2 credit cards. We were able to refer him to a mortgage company who could get him qualified and charged a fair rate of interest. With the $18,000 he pulled out of his equity, we settled the $30,000 of debt he had.
Lastly, we offer a bankruptcy referral resource. If you need a bankruptcy attorney in any state, click here.