What You Need To Know About Debt Settlement Negotiations

As a Colorado attorney practicing in the areas of consumer debt negotiation and settlement and bankruptcy, I frequently wish my clients had come to me sooner for advice or assistance. So, I decided to write this article based on my experiences in consumer debt settlement negotiations with banks, finance companies and credit card companies.

It’s divided into two parts: Part I: Before You Hit The Wall! What Should I do? and Part II: After You’ve Hit The Wall! What Now?


The article is designed to explore in general terms what you should know about how to approach this problem. Every situation is unique and nobody can give more than general advice without expert knowledge of your unique situation. Therefore this should NOT be considered as legal advice and you should not rely on any general advice in lieu of expert legal counsel familiar with your situation. But, with that in mind, here are some things to consider.


The economy staggers along from month to month with high unemployment, the housing market is in the doldrums, it’s a wearily familiar picture. Consumer debt continues to go up as cash strapped people tap whatever credit or savings reserves they have left to pay bills.

But, what happens when you just can’t make the minimum monthly payments anymore?

Can you negotiate with banks and credit card companies? Mortgage companies?

How? What can you expect?

What expert advice do you really need? When should you call upon that adviser? What should you do first?

What options do you really have?

The Compassionate Lawyer, John V. Stege, esq. is in your corner.
If you have debt relief questions or challenges, call our office today at
(303) 945-4606