Debt Happens: Everything You Need to Know to Get Out of Debt
On Tuesday, May 14, 2013 from 6:30 pm – 8:30 pm, we are hosting an informative and comprehensive class on debt relief strategies through the Boulder Valley Lifelong Learning Program! Learn what options in debt relief are available to you first-hand from one of the area’s most recognized debt relief professionals, Steve Craig.
Plenty of in-depth discussion, informative resources and professional advice on debt relief will be provided to all attendees. Continue reading…
Do you have a large amount of credit card debt that you need to pay off? For the many individuals throughout Boulder and Denver who want help in paying off credit card debt, the Denver area’s number one debt settlement firm is prepared with the resources to assist you in negotiating a payoff. Contact an experienced debt attorney who can assess your financial situation and give you the personalized advice you need to successfully negotiate credit card payoff.
Why choose Trident Debt Solutions? Trident Debt Solutions is the recognized authority in Denver and Boulder for clients seeking to negotiate credit card debt. Debt attorney Steve Craig is prepared with valuable legal and financial advice to help you make the best informed decisions regarding paying off credit card debt. Having provided assistance to Denver and Boulder, Colorado clients for a more than 20 years, he can successfully help you with your debt settlement needs.
An experienced bankruptcy attorney with more than twenty years of experience working with bankruptcy law and negotiating credit card payoff, Steve Craig is the founder and leader of Trident Debt Solutions. He has helped hundreds of customers, who will readily account for his committed service in successfully helping them with credit card payoff negotiations. At Trident Debt Solutions, each client is guaranteed to receive personalized service and expert assistance from a skilled Colorado debt attorney.
What to Expect During the Credit Card Debt Negotiation
Stephen Craig begins the process by listening to your situation and discussing your financial history. Clients are then given candid and honest advice in the options that are available to assist them with credit card payoff. Some clients may prefer debt consolidation. However, many clients can benefit from Craig’s expert ability to negotiate credit card payoff with creditors. Throughout the process a clients’ financial health and sense of security are preeminent in dealing with credit card payoff negotiations with the client’s creditors. You can expect to settle debts for as low as 50 or 60 cents per dollar owed.
When you bring Trident Debt Solutions into the debt settlement process, a skilled debt attorney with expertise in debt settlement will personally oversee the credit card payoff negotiation. Once you take the first step, you will have a representative to handle phone calls from aggressive creditors. Having an experienced firm like Trident Debt Solutions allows you to quickly finalize your debt with your creditors and stop any further harassing phone calls. Trident Debt Solutions will work with creditors to quickly resolve your debt so that you can rebuild your financial life.
Craig has established himself in the debt resolution field for the last two decades. The Better Business Bureau has also signified their trust in Craig’s organization through an A+ rating. Trident Debt Solutions stands behind their commitment to assist clients in the most substantial manner possible. They offer a guarantee to all customers that if they cannot save them at least 30% of their total unsecured debt, they will not charge a thing. If you would like to begin the process of paying off your credit card debt and you want to travel on the road to financial recovery, contact Trident Debt Solutions at (303) 872-8492.
If you are bothered by incessant calls from your creditors, writing a “cease communication” letter is worth considering. There is a federal law called the Fair Debt Collections Practices Act (FDCPA) which governs here. Most states have a similar state law (e.g. Colorado Fair Debt Collections Practices Act) which is modeled after the federal law. THE FDCPA states in part that:
c) CEASING COMMUNICATION. If a consumer notifies a debt collector in writing that the consumer refuses to pay a debt or that the consumer wishes the debt collector to cease further communication with the consumer, the debt collector shall not communicate further with the consumer with respect to such debt…
Writing a “cease communication” letter is quite simple. Click here to view a sample of a Cease Communications Letter as well as other financial tools such as a Monthly Budget and Verification or Dispute Letter.
Here is the key: send it by certified mail so that you can prove that it has been sent in the event that your request is violated. If the creditor calls you again, inform the creditor that they are violating the FDCPA and that if they call you again you intend to report them to your state Attorney General and the Federal Trade Commission.
Once you send the letter, you can expect the creditors to stop calling you. If they do not, I would consider filing a complaint.
Your credit score affects everything from approval of a lease, ability to purchase a vehicle to your insurance rates. Recently many prospective employers have even begun to review your credit before considering offering you a position. Building a positive credit history can determine your success in the future; debt settlement may be the answer. There are a lot of questions that arise before and during the debt settlement and debt negotiation process. Here are the top 5 questions we come across at Trident Debt Solutions.
What is debt settlement and is it different from debt negotiation?
Negotiation is the process and debt settlement or resolution is the outcome. We work with your creditors to come to an agreed upon settlement of your debt. Many creditors understand that receiving a lump sum, even a portion of the original debt, is a better conclusion than suing the debtor, a costly proposal, or having the debtor declare bankruptcy and receiving nothing. As a skilled debt settlement attorney, Stephen T Craig has the experience and knowledge to work through the challenges of the debt settlement process.
What kinds of debt can Trident Debt Solutions help me with and am I qualified?
When you have unresolved debt and have started to fall behind on your payments, your credit score has already taken a negative hit. If your creditors mark your payment as a settlement, this debt, though paid off, could remain on your credit report for as long as 7 years. Request that your creditor report that the debt has been “paid in full”. If all your debts appear to have been “paid in full”, and you commence building a positive credit history, your credit will soon be restored. Our clients report that once we have settled a few debts, their FICO score begins to rise because of an improved debt-to-income ratio.
How much will Debt Settlement Cost me?
Including all fees, debt settlement with Trident typically costs about 50 to 60 cents for every dollar you owe. Unlike most debt settlement firms, Trident Debt Solutions calculates fees at 25% of the money we save you through debt negotiation, rather than as a percentage of your total debt amount. This means that we have an incentive to settle for the lowest possible rate. Furthermore, we guarantee our results: If we don’t save you more than 30% of your total unsecured debt, we’ll charge you nothing.
How long until I can be Debt Free?
We aim to make you debt free within 24 months or less. Every case is different based on the debts, the creditors and the agreed upon terms of the settlements. Debt settlement is a way to become free of your debts without declaring bankruptcy and restoring your credit. In time you can expect your FICO score to return to where it was before you stopped paying on your credit cards.
Debt Settlement. Debt Negotiation. Debt Resolution. There are many names that the process is known by but they all mean negotiating with one or more creditors to reduce the balances owed by debtors. This process can by managed by you, a credit resolution company or a debt settlement attorney. The decision for choosing who or what company will manage the process can be overwhelming and confusing.
Almost anyone can say that they can resolve your credit problems. You don’t need a degree or a license in some states. But there are some things that you can do, some questions that you can ask, to be assured that you have made the right choice in a debt resolution company.
BBB Accreditation and A+ Rating
When you are considering hiring a credit resolution company, it is imperative to ask for multiple references from satisfied clients. Any reputable company should not only have a list of clients that you can reach out to but be happy to share this with you. Some questions to ask may be ‘Did you receive what was promised?’ and ‘Did you find the company to be attentive and helpful?’.
The Difference with Trident Debt Solutions
The best way to earn a customer’s business is to have the answer to ‘Why should I hire you?’. At Trident Debt Solutions we are a small firm, attention is given to each and every client by Stephen Craig. Mr. Craig is an experienced and knowledgeable Debt Settlement Attorney. Using a lawyer in the debt settlement process gives you an added benefit in negotiations and in the chance you are sued by your creditors. Trident Debt Solutions specializes in negotiating settlements that favor large debt holders; our program works to get you debt free within 18 months. And unlike most other debt settlement companies, we guarantee our results. If you do not save at least 30% of your total unsecured debt, we will not charge you for the work we’ve done.
Confidence in your Decision
Choosing the right company to manage your debt relief may make you nervous but the experience and knowledge that you get with Trident Debt Solutions can make you feel confident in your decision. Our skilled debt relief is backed by the Better Business Bureau, our satisfied customers and our guarantee to save you at least 30%. That’s assurance that you can depend on.
Enter your credit card or other debt details to find out how much a month and how long to pay off.
The legal and financial experts at Trident Debt Solutions can help consumers to come up with a rapid debt settlement plan to get them out from under these obligations in as little as eighteen months. It’s not exactly a “bailout” – the client will have to repay part of the obligation – but in most cases, this can be for as little as half the amount actually owed.
If you meet the following qualifications, we may be able to assist you with rapid debt settlement plan:
your unsecured debt totals $30,000 or more
you are currently undergoing economic hardship
you can raise a minimum amount equal to 50% of all outstanding balances within 24 months
Raising a lump sum or contributing at least 2% of the balance over a 24-month period can achieve rapid debt settlement in these circumstances.
The reason that creditors are willing to negotiate in these matters is because they understand that if the debtor declares bankruptcy, they will wind up with nothing. They are usually willing to accept a reduced amount rather than get nothing at all. Trident Debt Solutions works on your behalf to negotiate the most rapid debt settlement plan possible.
It is not completely free of consequences; this will affect your credit score, but it is better than declaring bankruptcy – which remains on your credit report for ten years.
To learn more about rapid debt settlement and how it can assist you in getting out from under your unsecured debts sooner than you thought possible, call Trident Debt Solutions at 303.872.8492 for a free, no-obligation initial consultation. We work with individuals and small business owners. Trident Debt Solutions is proud to be one of the select few BBB approved debt settlement companies in the nation.
People are frequently shocked to discover that anyone – even a twenty-year-old kid with only a high school education – can set themselves up in business as a “debt settlement” service. Now, in reality, not too many kids have done this. However, too many of those who have are equally unqualified and lack experience and credentials.
The point here is that the debt settlement industry is poorly regulated. Even today, the Better Business Bureau (BBB) receives hundreds of complaints from consumers over the “service” (or lack thereof) they received from so-called “debt settlement” firms. We won’t mention names here; suffice it to say you have probably heard of many of them in ads on radio and television. The situation became so bad that the BBB finally refused to accredit any business claiming to provide “debt settlement solutions.”
Recently, the BBB finally began granting accreditation to a small handful of debt settlement companies that were able to demonstrate honesty, integrity and adherence to a rigid code of ethics. These firms were required to undergo a very stringent process and meet standards higher than those expected of other types of businesses.
When our principal, Mr. Craig, sought BBB accreditation for Trident, he was required to submit to a full investigation by the Colorado State Attorney General and appear before both the A.G. and the BBB’s Standards and Grievances Committee. The company website underwent a thorough review, and all fees, terms and disclosures were laid open. In addition, Mr. Craig was obliged to provide client references. Even after all of this, final approval was based on a vote of committee members. In this case the vote was unanimously in favor.
Trident’s accredited debt settlement solutions are guaranteed for those who qualify for our program. Your first step toward freedom from debt is a consultation. Call 303.872.8492 today for an appointment.
Credit card help solutions are available to consumers from many sources. There are certainly no shortage of individuals and companies who will offer any variety of claims to help in dealing with your credit card debt. It can be hard to decide where to turn for the best advice and real solutions. When researching your options in companies and services offering credit card help, it’s important to fully understand what options are available, what is required and how you can quickly get started on the path to financial recovery. You also want to be sure the service you are using is a trusted source that is not making unrealistic claims or who may put you further behind. If you have found yourself in need of credit card help, get the answers you need along with personalized guidance from Trident Debt Solutions – a small boutique firm led by bankruptcy attorney, Stephen T. Craig. Here you will get personal attention and in-depth advice. Turn to the trusted and knowledgeable resource that has worked with hundreds of people just like you who needed credit card help. Let us help you make sense of the options in credit card help.
Until recently, the debt relief industry was largely unregulated. Unfortunately, this opened the door for many less experienced and less knowledgeable services that were seeking to take advantage of this situation. For that reason consumers need to be wary of the choices and information provided on credit card help – there are still people who would not hesitate to take unfair advantage of those in desperate straits.
Those seeking credit card help may not know where to turn or more importantly, whom to trust. A bit of due diligence on your part will go a long ways toward ensuring that you find the credit card help you need from a reputable, trustworthy source.
Your first step should be to visit the Better Business Bureau and check on the firm’s reviews. Until recently, the BBB would not even accept debt resolution firms as members or grant them accreditation. The fact that a firm does have BBB accreditation is a very good sign. However, be sure to find out if there have been any unresolved complaints against the company. Even the best firm may have a complaint or two against them, but if these have not been resolved – or if there is a large number of complaints on file – that is a warning sign.
Insist on getting three references from past clients.
You should also beware of firms that make unrealistic promises. For example, if a company claims they can remove negative information from your credit report that is nonetheless accurate, or offers to eliminate all of your debt without bankruptcy, you need to be skeptical.
Learn all you can about the people who will actually be assisting you with your credit card issues. What are their credentials? What experience do they have? The unfortunate truth is that virtually anyone can claim to be a “credit counselor” and hang out his or her shingle. Make certain these counselors have the training and experience to handle your case effectively. You best bet is to hire an attorney with debt settlement and bankruptcy experience.
Finally, learn all you can about any and all fees. A reputable firm will be very transparent on this score; you will be informed about all costs for services rendered and what these costs cover. These fees should also be reasonable and not interfere with your ability to pay off your obligations.
Trident Debt Solutions offers business debt settlement solutions for indebted small businesses. If you own a business and are looking for legal counseling regarding your debt consolidation options, give us a call. We specialize in non-bankruptcy debt relief options including business debt settlement. Essentially, we negotiate with your creditors to get you out of debt at a discount – typically 50 – 60 cents on the dollar including our fees. Our goal is to help you salvage your business by getting you out of debt quickly – within 24 months. We are happy to provide referrals of entrepreneurial clients who are now debt free.
In most cases, once you are on a business debt management and consolidation plan that is tailored to your company’s needs and situation, we can help to get your business back on track within approximately twenty-four months. It’s possible for you to try and negotiate with your business creditors directly and attempt to come up with your own commercial debt settlement strategy. However, this is not advisable and may not yield the type of results a professional debt attorney can. The professionals at Trident Debt Solutions are trained attorneys with experience in legal matters relating to debt and bankruptcy. Having a licensed attorney representing you in such negotiations will place you in a much stronger position – and make it more likely that your creditors will negotiate with you.
To learn more about alternatives to closing your doors, contact Trident Debt Solutions today for a free, no-obligation initial consultation. If we are not able to get your company out from under its obligations for at least sixty cents on the dollar, you will owe us nothing – and if we are unable to assist you, we can refer you to other sources that may be able to help.
If you have incurred a large amount of credit card debt, chances are that it wasn’t the result of a wild shopping spree or living beyond your means. While there are certainly a few people like that, it is not nearly as common as the media or our politicians would have you believe. The fact is that most people who wind up with high credit card bills incurred those because of unexpected emergencies, a loss of income, medical expenses, or something similar.
<The main thing is, you do not have anything to be ashamed or embarrassed about. It can happen to anyone for any number of reasons. What is most important however is that you are aware of your options for getting out from under this burden.
Bankruptcy is one option for some people, may be the only way out. Under Chapter 7 – unsecured debts can be discharged, or eliminated. This gives such individuals a clean slate – but stays on their records for ten years, during which it will impair their credit rating.
Knowing that if a consumer declares bankruptcy they will receive nothing, most credit card companies are willing to negotiate a payment plan and accept less than the amount due. If you, as a debtor, can demonstrate financial hardship and are willing to make a good faith effort to pay at least part of what you owe, these companies will work with you.
Having a negotiator on your side that is knowledgeable about the legal issues as well as your rights and responsibilities under the law is important. You can attempt to negotiate a settlement on your own, but this can be extremely stressful. Legal representation will give your case added credibility in these negotiations. This type of legal and financial expertise is what Trident brings to the table when we work with you to settle your debts with a plan that can get you debt free within months instead of years. Call today to set up your free initial consultation ($30K minimum unsecured debt required to qualify for the Trident program).