When you are choosing a debt settlement firm, it is critical that you understand not only how much the firm will charge, but also how and when they will do so. More than any other factor, the fee structure alone will tell you whether you are dealing with a reputable company.

Be very wary of any company that charges large up-front fees, such as those that charge a percentage of the total debt owed, with no guarantee of success. Once those companies get their money from you, they have little to no incentive to get you a good settlement with your creditors. In fact, many of the debt settlement scams you may have read about had to do with companies who took their clients’ money up front and then disappeared, leaving those clients worse off than they were before.

When you work with Trident Debt Solutions to negotiate your debt settlement, you won’t be charged a large up-front fee like you would be with those other debt settlement firms. Although we charge a small flat fee up front as a retainer to get started on your case (and take the creditor phone calls for you!), you pay the remaining fees only after we have successfully negotiated favorable debt settlements with your creditors. At that point, we charge you a 25% commission that’s based on the amount we save you, not on your total debt. So you get 75% of the benefit of our negotiating expertise.

As you can see, other than the $100 per-creditor fees that we charge to have your creditors harass us instead of you, we only make money when we save you money. This commission-based fee structure shows you how confident we are that we can actually save you a great deal of money. As a result, when we take you on as a client, you can rest assured that we’re certain we can really help you successfully settle your debts—for less.


Steve Craig is an experienced bankruptcy and debt-settlement attorney based in Denver, Colorado.