Debt Negotiation

Get a Debt Negotiation Team on Your Side

If you are among the millions of people who have been stuck with more unsecured debt than you can handle, you have a few options. Of these, the best for most people is debt negotiation. Understanding that if the debtor declares bankruptcy they will get nothing, creditors are usually willing to settle for less than the total amount owed – because for them, getting something is better than getting nothing.

When negotiating a settlement for your credit card debt, it helps to have a licensed attorney in your corner who knows the ins and outs of the law in this regard. That’s one of the advantages of using Trident Debt Solutions; our founded and CEO is an experienced lawyer who knows how to get his clients the best possible settlement.

Things to consider:

Our Attorney, Stephen Craig:  Stephen Craig has served over 3000 clients in bankruptcy cases and is a qualified expert in areas of the law involving debt and bankruptcy. When you have a lawyer representing you in negotiating your unsecured debt, you are in a much stronger position. You will also have a thorough understanding of all the issues, including tax consequences and the pros and cons of each option available to you.

Trident has BBB Accreditation.  Getting accredited by the Better Business Bureau is an extremely difficult and rigorous process for a company that offers credit card debt resolution services. Trident is one of only two such companies in Colorado to have achieved such accreditation, and in addition, has an “A+” rating.

Fee Structure: Instead of charging a fee based on the total amount of your outstanding balances – which is what most debt resolution companies do – Trident bases its fee on the amount of money we are able to save you. It is based on our performance – not your debt

How The Savings Work.  As  the typical debt settlement company charges15-21%of the total amount you owe,  this can work out to significantly more than you will pay for the same services at Trident. Using $50,000 and higher figures as illustrations, the company that bases its fees on the total amount will charge you up to $10,500 for its services. Trident charges no more than 30% of the amount we are able to save you; by negotiating and settling your debt for 60% of what you owe, our fee would be based on $20,000, 30% of which is $6000. Therefore, even when considering the highest fees and the lowest settlement, you would still save $4500 by dealing with Trident.

Program Duration.  Our objective is to get you out of debt in two years or less. Most companies’ programs can go for up to five years. It is difficult to stay motivated over such a long time frame, and this can cost you considerably more in interest charges.

Remember that there is 30K minimum debt required in order to qualify for the Trident program. If this is your situation, call us today.