- Reduce debt in 24-48 months
- No upfront fees
- Money back guarantee
- Minimum debt: $7,500
- Get a free savings estimate
National Debt Relief helps you avoid bankruptcy by negotiating with your creditors towards a debt settlement. They also provide financial consultation and education to help prevent you from incurring new substantial debt in the future.
Find out more information about their process and eligibility requirements to see if they’re right for you.
National Debt Relief Process
National Debt Relief provides an extremely strategic process when settling your debt. Like other debt settlement companies, they require you to make monthly payments into an FDIC-insured account that is separate from your usual personal checking or savings account.
Then, they advise you to stop making any payments to your creditor and avoid communicating with them at all.
Even if you receive aggressive phone calls or letters, you’re advised to ignore them. After 90 to 180 days, the accounts should be charged off, meaning the creditor has taken your debt as a tax write off.
Negotiation with Your Creditors
At that point, National Debt Relief works with your creditors on your behalf. They’ll provide evidence that you’re unable to make the payments and also indicate that you’re willing to negotiate a settlement.
Next, the creditor will likely perform their own due diligence on your payment history to your other creditors. Since you haven’t been paying your other debts, the creditor can only assume that you’re unable to make your payments.
They will then provide a settlement opportunity, which they’ll be more likely to accept with all the new information they’ve acquired.
Depending on how much the settlement amount is for, National Debt Relief will release the appropriate amount of funds to the creditor. Most clients who stay in the program and reach a settlement save about 50% before fees, and 30% including fees paid to National Debt Relief. The programs typically last between two and four years.
There are a few requirements you must meet to qualify to receive assistance from National Debt Relief. First, you must have at least $7,500 in unsecured debt. Unsecured debts include credit card debt, department store cards, medical bills, personal loans, credit unions, and collections accounts.
In some instances, National Debt Relief may be able to help settle debts related to secured debts or private student loans.
The following sources of debt cannot be qualified as part of your debt settlement plan: auto loans (including cars, trucks, vans, and motorcycles), federal student loans, loans from your current bank, mortgages, or child support.
In addition to your debt qualifications, you shouldn’t be able to afford your minimum payments on your credit cards and other accounts. In most instances, you’ve either already fallen behind on your payments or are about to.
Alternative to Bankruptcy
You probably don’t see much room for making progress with your finances and are even looking for an alternative to filing for bankruptcy. Some common financial hardships faced by clients include unemployment, divorce, medical expenses, a death in the family, or some other type of loss of income.
If you meet some or all of these requirements, then you’re a likely candidate to potentially benefit from National Debt Relief’s services.
Just realize that this is a serious undertaking that can affect your credit score and open yourself up to the potential of additional collections fees and even lawsuits. Working with a debt relief company is definitely a solution only for extreme cases of financial hardship.
National Debt Relief Application Process
Applying for the debt relief program can be done in as quickly as 30 seconds. You can fill out the application online or can start by talking to a certified debt counselor on the phone.
This entails entering just some basic information about yourself, like your name, phone number, email address, and total debt amount. From there, you’ll receive a free debt relief quote to get the process started and see what debt settlement services National Debt Relief can provide to you.
Once you’re gotten a quote, weigh your options. Maybe you’d be better off continuing with your monthly payments, maybe bankruptcy is a better option, or maybe it actually is a good time to begin the debt settlement program. You may also want to consider a debt consolidation loan. It’s smart to get an unbiased opinion from someone who only has your best interests at heart.
Once the Process Starts
Don’t be discouraged at the beginning of the debt settlement program, even if you’ve tried it on your own and already heard “no” from your creditors. National Debt Relief provides you with lots of advice and resources as you go through this process together.
One tip to keep in mind while you’re enrolled in debt settlement is to keep thorough documentation of all of your communication with creditors. This includes copies of letters, bills, and statements. If you’ve had a phone conversation, write down all of the details of the conversation and send a copy of your notes for them to have on file.
You should also request that they do the same thing to make sure both parties have the same understanding of the conversation’s outcome. More often than not, however, you’ll want to cease communication with your creditors. National Debt Relief can help you do this effectively and within your legal rights.
Coming Up with a Debt Settlement Plan
When enrolled, National Debt Relief typically advises you to include all of your creditors. However, your debt consultant will look at your individual circumstance to recommend the best solution for your specific scenario. National Debt Relief never charges you any fees until your debt has been resolved.
How much do they actually end up charging? It’s impossible to say because each financial situation is different. Fees vary based on the state in which you live and the amount of enrolled debt in the program. It typically takes between 24 to 48 months to settle your debts.
You can find out more specific information when you submit your quick application form online. If you still have additional questions, you can also call customer service at any time for help.
National Debt Relief Special Features
National Debt Relief is Better Business Bureau (BBB) accredited and a member of the American Fair Credit Council. It is in full compliance when it comes to being monitored by regulatory compliance agencies.
On top of its professional achievements, National Debt Relief also contributes to many charities. In fact, they make donations every week throughout the year. Some of the organizations earning their support include the Wounded Warrior Project, St Jude Children’s Hospital, Autism Speaks, Network For Good (The Animal Medical Center), and Unicef.
Many clients find it reassuring when a debt settlement company has an altruistic side and makes a tangible impact on the world around them. National Debt Relief definitely fits the bill when it comes to such contributions.
National Debt Relief Reviews
One of the best ways to research debt settlement companies is by reading third-party reviews. You can discover what actual customers are saying about them before you choose to do business with them.
National Debt Relief’s Better Business Bureau (BBB) rating is currently A+, which is an indicator of great customer service. It has 89% positive customer ratings through the BBB, 1% neutral ratings, and just 10% negative customer ratings. You can find more National Debt Relief reviews at other review sites as well.
Working with a professional debt settlement company like National Debt Relief not only gets you on the path out of financial hardship, it also helps get your life back. They’ll advise you on the best ways to navigate debt collection. And because they’re well-rated experts, you know it’s advice you can trust.
If you’re considering debt settlement, you can’t go wrong by getting a free consultation from National Debt Relief. They’ll champion your rights while working to negotiate a more manageable amount of your credit card debt for repayment. And best of all, you could be completely debt-free in two to four years.