![]() Your counselor will need a complete list of your debts, income, and living expenses to help you effectively. Your first step will be a free counseling session. You can sign up by calling National Debt Relief’s toll-free number at 80 or by clicking “Apply Now” on the company’s website. National Debt Relief also has a number of dissatisfied clients who say their experiences weren’t positive. However, that doesn’t mean all customers are satisfied with the service. The main factor setting it apart is its reputation for first-class customer service and strong customer reviews. National Debt Relief provides essentially the same services as other debt settlement companies. Secured loans, like mortgages and auto loans, are not eligible for debt settlement. Note that National Debt Relief only helps settle unsecured debts. If you stick with the debt settlement process – it can take two to four years – your debts can be reduced by an average of 25%, including fees. The difference between National Debt Relief’s plan and a debt consolidation loan is that you will stop making payments without the consent of your creditors. The National Debt Relief program is a form of debt consolidation: you will replace all of your debt payments with a single payment to your settlement account. They may be able to refer you to a tax adviser or bankruptcy attorney in some states. They do not provide credit counseling, debt consolidation loans, or other debt relief services. National Debt Relief is a debt settlement company. READ MORE: Debt settlement fees What Makes National Debt Relief Stand Out While National Debt Relief is a reputable debt settlement company, the entire debt settlement process has inherent risks and disadvantages, which all debt settlement companies share. “Clients who are able to stay with the program and get all their debt settled realize approximate savings of 46% before fees, or 25% including our fees, over 24 to 48 months. The fine print at the bottom of that page says this: The National Debt Relief website shows multiple examples of clients who reduced their total debt load by as much as 50%. National Debt Relief’s fee will be a percentage of your enrolled debts. You won’t pay anything until your debts are settled. ![]() If the creditor accepts, your account will be permanently closed. ![]() Negotiators certified through the International Association of Professional Debt Arbitrators will contact your creditors and offer them less than what you actually owe. ![]() They will not help you with federal student loans, mortgages, car loans, or other secured debts.ĭebt settlement involves negotiating with your creditors. Like all debt settlement companies, National Debt Relief works with unsecured debts, like credit card debt, medical debt, personal loans, payday loans, and private student loans. National Debt Relief: What You Need to Know From there, the process will depend on the solution you choose.ġ80 Maiden Lane, 30th Floor, New York, NY 10038 (800) 300-9550 Ĭustomer reviews are among the best in the debt settlement industry.Īccredited by the International Association of Professional Debt Arbitrators (IAPDA) and the American Association for Debt Resolution (formerly known as the American Fair Credit Council or AFCC) You’ll have a free initial consultation to analyze your situation and recommend a solution. Go to the National Debt Relief website and click “Apply Now.” Debt settlement can be an effective way to get out of debt, especially if you have more debt than you can Do they offer a free consultation? Who Should Not Use National Debt Relief.Disadvantages of Using National Debt Relief.What Makes National Debt Relief Stand Out.National Debt Relief: What You Need to Know. ![]()
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