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Start Your Debt Free Life! Start Your Debt Free Life! Start Your Debt Free Life!
  • Home
  • Debt Relief
  • About
  • Testimonials
  • FAQ
  • Resources
  • Contact
  • Blog

How does debt settlement work?

Debt settlement, which refers to reaching an agreement with your creditors in which they agree to accept less than the full amount you owe on the debt, is generally done through an attorney or a qualified debt settlement firm. What happens is that your attorney works with your creditors to negotiate a settlement amount, usually to be paid in a lump sum or monthly installments (or a combination of the two). Rather than paying your creditors directly, you make payments to your attorney, who puts the funds in a trust account until enough has been accumulated to pay off the reduced settlement amounts that your creditors have agreed to accept.

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Delivering millions of dollars in debt relief to our clients since 2003!
Don’t let your debt hold you back any longer. Get back on the path to financial well-being by contacting an experienced bankruptcy attorney today to discuss debt settlement and credit card debt negotiation. We typically help our clients settle their debts for $0.50 to $0.60 on the dollar, and truly want our clients to become debt free.
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Trident Debt Solutions, Inc. is a registered trade name of Stephen T. Craig, PC, a Colorado law firm.
Stephen T. Craig is a federally designated debt relief agent and bankruptcy attorney who helps people file for bankruptcy relief under the Bankruptcy Code. He also provides alternative to bankruptcy.
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