Debt relief (also known as debt settlement, debt resolution, or debt negotiation) is a process whereby a company works on behalf of their client to secure more advantageous terms with creditors or debt collectors.The primary goals of a debt relief program are to reduce the amount owed and to resolve the debt more quickly than the client would be able to do by themselves. This process is standard for creditors as they are aware that clients with financial difficulties may never pay the debt or file for bankruptcy, making it more advantageous for them to agree to different terms rather than not getting paid at all.

1. One of our experts will review your financial situation and properly educate you on all your options. We then work with you to customize an affordable debt relief plan for you based around your monthly budget and overall financial objectives. Since our services are strictly performance-based, there are no upfront fees so we are only paid if we successfully reduce your enrolled debt.

2. Once you approve and enroll in your customized program, we’ll assist you in opening your FDIC-insured Dedicated Account (similar to an escrow account) that you fully own and control where you will deposit your monthly payments. We will guide you every step of the way to ensure your enrollment is quick and easy.

3. As funds accumulate, our team of experienced negotiators work diligently to achieve the best savings possible on all your enrolled debts so you end up paying significantly less than what you originally owed. Each time we reach a new agreement with your creditors, we will immediately contact you for approval. We provide you with access to the client portal, enabling you to track the progress of your program 24/7.

4.  Once you authorize the release of funds from your Dedicated Account to pay the reduced balance, your debt is now resolved and will be reported back with a zero balance. We’ll repeat this process until you are completely debt-free!

We charge absolutely no fees until you approve the settlement agreement and your debts are settled. Our fees are strictly performance-based and contingent on our success with reaching favorable terms and agreements with creditors on your behalf. There are no sign-up fees, no cancellation fees, and there’s absolutely no obligation – you’re in control. Once debts are settled, the average client usually pays a fee of 15-25% of the total debt enrolled which is already included in your monthly payment.

A debt settlement service is beneficial because it can save time, money, and stress. When you work with a debt settlement service, a professional will handle all the communication and negotiations with your creditors, allowing you to focus on taking more important steps toward financial stability and avoiding future debts. In summary, the benefits of using a debt settlement service are as follows:

• Reduce your monthly payments
• Reduce your overall debt amount to fraction of what’s owed
• Shorter repayment timelines
• Improved credit score over time
• Less stress
• Less time spent on communication and negotiation with creditors
• A chance for full debt forgiveness
• Avoid delinquent debt
  
• Avoid Bankruptcy

So, is debt settlement worth it? The short answer is yes!

Yes! Reliance’s debt relief program comes with a money back guarantee. In accordance with all federal laws and regulations, we will not finalize a settlement unless you give your approval. Furthermore, we will not charge any fees associated with our debt settlement efforts until after you have approved the settlement and made your first payment. If we are unable to successfully settle your debt, or if you are unsatisfied for any reason up to that point, you can cancel at any time and you will not incur any penalties or fees, other than for any fees related to previously settled debts. That’s right – you only pay if we get results!

Reliance Debt Relief’s program is a great choice for people with at least $7,500 of unsecured debt who are struggling with financial hardship that would like to reduce their monthly payments and pay back less than what they originally owed. If you’re barely keeping up with your minimum payments and the balances on your accounts keep growing, then our program may be right for you. Talk to one of our experts today to see how much we can save you.