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Meridian Debt Relief’s debt settlement programs are primarily for those facing financial HARDSHIP. Financial hardship means you are unable to pay your debt obligations in a timely fashion. This also means you will not be able to improve your payment performance in the near future. People with financial hardship have debt obligations that surpass their income levels. As a result, their debt continues to grow since they are unable to pay the minimum balance, resulting in late fees and high interest rates. In other words, you are treading water, or perhaps even drowning, in a pool of debt.
Meridian Debt Relief is here to help people who find themselves in such a situation. If you are in such a situation, your creditors know that you may declare bankruptcy. They are, therefore, willing to negotiate with our counselors since a reduced debt obligation is better than your declaring bankruptcy. If you declare bankruptcy, they may receive nothing. Through negotiating a lower debt obligation, your creditors will at least receive part of the debt you owe them. This is why you must truly be facing financial hardship, and considering bankruptcy. Otherwise, our counselors will not be successful in negotiating a lower debt obligation.
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