What is Debt Settlement?

The terms “ debt settlement “, “ debt negotiation ” and “ debt arbitration ” all refer to the same thing: that you reach an agreement with a creditor to accept less than full payment on a debt to pay it off in full. Typically, a creditor will only accept a lump sum payment as a settlement. The discount they give you is in exchange for a lump sum of money as opposed to collecting the debt from you over time. You are then released from further obligation on that debt. The primary feature of debt settlement is that you eliminate debt at a discount.

Debt settlement is not the same thing as “debt consolidation.” Debt consolidation occurs when you lump two or more of your debts together (consolidate them) and make one payment on the debt instead of multiple payments. Bank consolidation loans are rare without excellent credit or some collateral such as your home. More common, is what is referred to as “consumer credit counseling,” where you make one payment to the credit counseling company, and they divide it up among your creditors in some way. With debt consolidation, you pay full value on the debt, plus interest (which may be reduced).

Steve Craig is a Colorado Debt Settlement Attorney
who in his capacity as a lawyer, has counseled thousands of individuals regarding their debt load.

His law firm has successfully filed over 2000 bankruptcies and has helped hundreds more with other alternatives.  He is familiar with all aspects of the debt collection process, and therefore, we give you a straight and honest answer on the alternatives available to you.

Debt Settlement

“Let us show you the light at the end of the tunnel.”

* Save thousands by settling debt now

* Avoid Bankruptcy

* Be debt free within months!

* Eliminate financial stress

 Trident Debt Solutions, Inc. is a highly specialized and qualified debt settlement company that get you out of debt fast.  Your situation is first reviewed and managed by an debt settlement attorney with more than 10 years of experience with debt relief.  We get paid only when we succeed in saving you money.  This means do not take a client unless we can successfully get you through our program.  We are an ethical and experienced firm, with employees who are kind, courteous and easily accessible.  For more reasons why we may be your best and safest choice, please read the “Why Choose Us?” section.

If you have more than $10,000 of credit card debt, want to avoid bankruptcy, and can make a significant payment toward settling your debts (either a lump sum of money or a monthly payment of 4% of the balance of your debt) you qualify for our program.  Take a look at the “Our Services” section to see real life examples of how we have helped clients in the past.

Learn more in the “Debt Settlement Basics” section and then fill out the free, no obligation “online consultation.”  We will reply with a summary of your options, and whether or not you are a good candidate for our program.

If you are not a good candidate for our program, we offer detailed information on alternatives for you in the “Other Options” section, so you can make an informed decision.