Our attorneys were recently contacted by a debtor in need of assistance
with resolving a private student loan debt owed to ReliaMax. With interest,
the balance accumulated to
over $80,000. The primary borrower and the co-signer were both experiencing financial
hardship and were unable to keep up with the the large minimum payments.
Consequently, the account ended up in default due to non-payment.
The underlying debt accrued as a result of a private loan consolidation with
Education Computer Systems Inc (ECSI). ReliaMax Surety Company acted as an insurer in this transaction. When
the borrower defaulted on the consolidation loan, ReliaMax paid a claim
to the lender, resulting in the transfer of the promissory note from the
lender to ReliaMax. ReliaMax then accelarated the note and made a demand
for repayment of the full amount.
Our Lawyers Negotiate Student Loan Debts
Call Today: (888) 301-0584
Our attorneys compiled the clients’ hardship information and presented
ReliaMax's collection agents with a proposal to resolve the debt under
terms that are reasonable and affordable under the circumstances.
After several rounds of negotiations, our highly-acclaimed
student loan lawyers were able to achieve a
settlement of $20,000. This resulted in
savings of about $60,000 to the debtors, which is in excess of
75% off the balance. These client's are no longer burdened by this insurmountable debt
and they are able to re-focus on addressing their other obligations.
At the Law Office of Simon Goldenberg PLLC, our attorneys have helped numerous
borrowers resolve their student loan debts. Whether your defaulted account is with
ReliaMax, or any other private loan lender/insurer, contact us to learn what we
can do for you. While each case is unique, our debt relief attorneys always
strive to achieve the best outcome possibleunder the circumstances.
If you need help
negotiating a settlement for student loans, call our law firm today at (888) 301-0584 to learn your options for student
Results vary; prior results do not guarantee similar performance. While
we strive to maintain accuracy and provide relevant case histories, in
order to protect the confidentiality of our client(s), all numbers are
approximations and are offered for illustrative and general informational
purposes only. This page does not purport to contain any legal advice.
Call for a free phone evaluation.