What are the risks of not paying my creditors while I am in the program?

The primary risk is that you could be sued by a creditor in the term of the plan and not have enough money saved in your trust account to settle the law suit in a lump sum at a discount.

If this is the case, you may have to consider filing bankruptcy at that time. Trident Debt Solutions takes into account how long it will take each creditor to sue you based on our experience, and prioritizes the settlements accordingly to minimize this risk.

Also, if you do get sued, we can set up a temporary payment plan with the creditor to buy some time to consider whether bankruptcy may then be appropriate.

Next topic coming up : What if I get sued??

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Debt Settlement is the art of reaching an agreement

Debt settlement and Debt negotiation (we use the terms “debt settlement” and “debt negotiation ” interchangeably) is the art of reaching an agreement with your creditors where they accept less than the full amount of the debt owed to them, generally 50-70 cents on the dollar, in full satisfaction of the debt.

With our debt settlement program we will get you out of debt within a relatively short amount of time (18 months or less), at a significantly reduced cost, without having to file bankruptcy. Often, this is a huge burden lifted off your shoulders. Enrolling in the Trident Debt Settlement Program means there is light at the end of the tunnel.

Visit our Website, find the light on www.tridentdebtsolutions.com