...with the enhanced vetting process, the BBB is doing what it does best - protecting consumers and informing them who the honest and reputable companies are.
Denver, CO (PRWEB) May 18, 2012
After going through a stringent and rigorous approval process, the management of Trident Debt Solutions is please to announce that the company has been fully accredited by the Better Business Bureau with a current rating of "A+".
Trident is proud to be one of very few debt settlement firms in the Denver region selected to receive BBB approval.
As economic conditions over the past several years have weakened, many families and individuals fell into debt with few options of getting out. Because the debt settlement industry was completely unregulated until last year, the door was wide open to predatory individuals seeking to take advantage of the desperation people were experiencing. Sadly, a large percentage of “debt settlement” services amounted to little more than scams, leaving victims worse off than they were before.
As a result of this, debt settlement companies were ineligible for BBB Accreditation.
Today, even with federal regulations and oversight in place, BBB Accreditation for debt settlement companies remains difficult to obtain. The process requires the management of the company to submit to first obtain approval by the state Attorney General. After this, the principals must petition the BBB for application for Accreditation and go through an extensive process that includes full disclosure of all fees, terms and disclosures as well as a thorough review of the website. The applicant must provide numerous client references and appear before the BBB's Grievance and Standards Committee.
Of note is that this process is not required for businesses in other industries seeking BBB accreditation.
Company owner Stephen Craig reports his experience with the process and what it means to the industry:
"We are pleased that the BBB has made it so difficult for a debt settlement company to become a BBB Accredited Business. There have been so many debt settlement scams and it is difficult for the consumer to know who to trust...with the enhanced vetting process, the BBB is doing what it does best - protecting consumers and informing them who the honest and reputable companies are."
The fact that Mr. Craig's company has been granted BBB Accreditation is a testimonial to the integrity of its Colorado debt settlement services.
About Trident Debt Solutions:
Trident Debt Solutions was established solely for the purpose of assisting people with unsecured debts in excess of $30,000 who are seeking an alternative to bankruptcy. Founder Stephen Craig is a licensed attorney with twenty years of experience representing clients in bankruptcy proceedings and working in the area of credit card debt relief. They are found online at http://tridentdebtsolutions.com.