Although it isn’t strictly necessary to use an attorney to go the debt settlement route, there are many reasons why it can be to your advantage to do so, especially if you have multiple creditors.
First of all, when you hire a debt settlement attorney, you have hired an advocate, someone who will work to get the best possible deal for you. Make no mistake: Although creditors and debt collectors may say they want to help you, they are not on your side. Their job is to get as much money from you as possible, and dealing with them can be extremely stressful. They may try to cajole you into giving them more information than you are required to provide. They may try to make you feel guilty. They may even try to intimidate you. By hiring an experienced debt settlement lawyer to negotiate with your creditors on your behalf, you are “evening the playing field.” At Trident Debt Solutions, we know the ropes—the process, the rules that creditors are required to follow, the most effective means of dealing with creditors and the pitfalls to avoid—and we are immune to their intimidation tactics. This makes it likely that creditors will settle more quickly and for a lower amount than if they were negotiating with you directly.
We are debt negotiation specialists with more than ten years of experience in helping people save thousands of dollars in paying off their debts. We have the experience to handle your creditors effectively—rather than them handling you—to reach the lowest possible settlement amount. We also know how to prioritize which accounts get settled first so that you can get out of debt more quickly and save the most money overall.
Our experience gives you leverage. We study the guidelines of each creditor, so even before we start the negotiation, we already have a pretty good idea of how low a settlement they’ll be willing to accept. Furthermore, our managing partner is an experienced bankruptcy attorney who has gone up against virtually every major creditor in the United States. Creditors know that we will not hesitate to advise our clients to file for bankruptcy when it is in their best interest to do so—in which case the creditors will receive nothing—which gives you more bargaining power at the negotiating table.
People get in over their heads financially for a number of reasons. Whether it is the result of job loss or change, unexpected medical expenses, unwise financial decisions—or, more likely, a combination of factors—chances are good that by the time people need real debt relief, they feel overwhelmed and helpless. And even if they have researched their options and have decided on a course of action, it can still be difficult to take those first steps without help. When you hire the debt settlement consultants at Trident Debt Solutions to handle the negotiations with your creditors, you are relieved of the stress of dealing with them yourself, giving you the immediate psychological relief that comes from knowing you’re not in it alone.