Reliance Debt Relief will negotiate with the creditors on behalf of our clients to settle for an amount much less than the balance owed. In return, the debtor will make a settlement payment for the balance owed. Once the debt has been paid in full on the settled amount, the creditor will issue a letter to the credit bureaus stating the debt has been "Paid", "Settled", and/or "Settled/Zero Balance." Creditors are usually willing to settle the balance of debt owed if the debtor is under a financial hardship. If the debtor chooses to file bankruptcy they will have serious long term credit effects, and due to changes in the bankruptcy laws they will have to pay back the majority of their debt plus attorney's fees. Therefore, it is their desire to get some payment towards the balance owed.

Most people are too emotionally involved to negotiate the best debt account settlements possible on their own. Choosing to work with the professionals at Reliance Debt Relief is definitely the best decision towards your financial freedom.