When seeking a solution to debt relief, you have many different options. Consumer Credit Counseling Services, debt consolidation loans, bankruptcy, and debt settlement are the most common. Of course each one has its own unique pros and cons, and each one will benefit some individuals more than others; there is no single debt solution.

Some of the disadvantages of debt settlement are:

• Unlike in declaring Bankruptcy, you have to legal protection, meaning you can be sued by a creditor for failing to make payments. If this happens while you are in a debt settlement program and you do not have enough funds in your trust account to immediately settle the debt, you may have to file for bankruptcy.

• Also, debt settlement has an unavoidable negative impact on your credit score. This is due to the fact that while in a debt settlement program, you stop paying your creditors.

Some of the advantages of debt settlement:

• Unlike in Consumer Credit Counseling or a debt consolidation loan, both of which require you to pay back your debts in full, including interest, in a debt settlement, you only pay a percentage, usually around 50% to 70% of your debt, including fees.

• Debt settlement, while negatively affecting your credit during the process, leaves no permanent scar on your credit history like filing for bankruptcy does.

• Also unlike in bankruptcy, in which your credit history is paraded about in a courtroom, debt settlement is private.

• Finally, debt settlement is a more rapid way to achieve debt relief than your other options. It can take as few as 4 months, but definitely less than 2 years. Credit counseling, and bankruptcy take 3-5 years on average to get you out of debt.

Not everyone will benefit from or even qualify for a debt settlement program, but checking with a debt settlement firm is the first step to finding answers.

Debt Settlement Debt Reduction Eliminate Debt

If you live in Denver or Boulder, CO, or anywhere in the state of Colorado, I am a credit card debt settlement attorney here who can help you locally. Dealing with a local debt settlement program, you can come on in to our office for an update any time. As a Colorado attorney who has helped consumers get out of credit card debt for years, I know the ins and outs of this business as well as anyone. Another advantage of hiring a Colorado debt negotiation lawyer, is that debt negotiation can vary from state to state. To settle or negotiate debt quickly, it is best to deal with a program that has existing relationships with your creditors. For example, if one of your accounts has been referred to an attorney in Colorado for collection, I probably know them, and can resolve the matter out of court with a call or two. When negotiating debt for you, I know what each creditor is likely to accept before I start. Also, I will give you my Colorado Bar Association number so you can check my spotless record for 18 years. Your debt settlement program should be accessible– I give you my cell phone number so you will never get caught up in voice mail.  Negotiating debt is never easy, but when you hire an expert debt negotiation lawyer you can expect results!

If you do not live in Colorado, we can still help you, and give you references of past credit card debt settlement clients from many states around the USA.

Steve Craig

Debt Negotiation Lawyer, Denver, CO

We are not restricted to our Debt Settlement clients in the Denver Area and Colorado. Our services are easily arranged over the phone and there’s no reason why we can’t make your debt settlement program work from where we are.

Our Debt Settlement Attorney, Steve Craig has helped thousands of individuals with their debt problems be they credit card debt settlement clients, or debt settlement including all debt and many other situations and scenarios thay may adversely your credit ratings.

We don’t offer short term debt settlement loans or any other kinds of loans but we can help you figure out if any of these solutions will be good for you.

Financial stress has an immense impact on your life, your relationships and your overall well being. Let us show you the light at the end of the tunnel!

Call Steve today at 303.520.3414 so he can help you achieve the financial freedom you deserve.