National Debt Relief Review: Resolve Debts as Soon as 24-48 Months

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Debt happens.

Don’t let it overwhelm you by not addressing it immediately, whether from credit cards, medical bills, collections, private student loans, etc.

Almost 23 million Americans have personal loans to ease their unique financial situation, with an average balance of about $11,500.* The top three reasons for taking out a loan are debt consolidation, home improvements, and car financing or repairs.

But which loan company is right for you? Let’s look deeper into National Debt Relief to see how you can get a free consultation.

What is National Debt Relief?

National Debt Relief is a BBB A+ accredited consolidation debt company based in New York, rated #1 for debt settlement on top consumer review sites.

They have an average rating of 4.7/5 with over 40K ratings at TrustPilot and a 4.9/5 with over 54K reviews at Consumer Affairs. It’s also won awards for highest satisfaction rates with Best Customer Service, Best Experience with Staff, and Best for Transparency.

If you have over $10,000 in debt, you can get a free, no-obligation debt relief consultation. During the consultation, they’ll create an affordable plan for your budget.

National Debt Relief: Key Features

The company works to settle its clients’ balances for less than they owe, so here’s what to expect if you decide you want to work with them.

Up to 50% lower monthly payments]
Consolidating and reducing multiple payments into one
Debt-free in 24-48 months
It takes a few minutes to see if you qualify
There are no fees until the debt is settled

The Debt Settlement Process

When you use National Debt Relief, an escrow account called the Dedicated Savings Account is created in your name and under your control.

Instead of directly paying your creditors, you deposit monthly payments into the new account and give National permission to use the funds to pay your creditors the lower, negotiated amounts.

They won’t start negotiations until the Dedicated Savings Account has reached a certain amount, typically around 25% of the debt. National will negotiate with creditors on your behalf to agree to a settlement plan for less than what you owe.

Why do creditors accept negotiations? From their point of view, it may be better to get some payment versus nothing at all.

Also noteworthy is that since 2010, the Federal Trade Commission has made it illegal to charge upfront fees, so you won’t pay any fees until the debt is settled. National Debt Relief’s fees vary from 15% to 25% of your total enrolled debt, depending on the amount you owe and the state where you reside.

Once approved, you could be debt-free in two to four years!

What Debt Can’t Be Settled?

There’s no cap on the amount of debt to work with National Debt Relief, but they cannot settle debt from:

Lawsuits
IRS debt and back taxes
Utility bills
Federal student loans
Auto/home loans or other types of debt with collateral

How to Sign Up

Checking to see if you qualify for a loan is easy, and since it’s a soft pull, it doesn’t impact your credit score.

Visit National Debt Relief and provide the estimated debt you owe
Provide some additional info on income and yourself
If you qualify, you’ll speak with a representative who will explain the process and answer any questions you may have

What Clients Are Saying

With award-winning satisfaction rates and high positive reviews, here’s what some clients say about National Debt Relief.

“Before I called National Debt Relief, I was paying almost $1,000 a month and not getting anywhere because the interest on the credit card eats you up. A rep got it down to $506 a month. If I had any questions, all I had to do was call. I talked to different representatives on the phone when I called, and they were always very nice and never made me feel like an idiot.

The program has done wonders for me. I’m completely out of debt. My husband died. He was very good with money and I was not, and I had to learn the hard way. It got me in trouble because I was using credit. It took me three and a half years to get completely out of debt. Had I not done that, I’d still be in debt. If you add up all the interest you’re paying on your credit cards, even if you’ve got two, it can’t match the percentage NDR gives you to pay everything off.” – Nancy from Indiana

“Every detail was explained in depth so I would know exactly what I was doing to get my debt under control. Each page of my contract was explained to me and discussed thoroughly. All my questions were answered, and I felt comfortable entering the program”. – Kim from Downsville, LA

National Debt Relief Pros & Cons

Pros:

Reduce up to 50% of debt
Excellent customer service
Debt-free in 24-48 months
People who stay with the program save 23% overall on their debt, including fees

Cons:

Creditors aren’t obligated to settle, so success isn’t guaranteed
The forgiven debt is subject to income tax
Remains on credit report for seven years

The Bottom Line

Debt can happen unexpectedly, but not letting it snowball is the key to maintaining control. If you need extra help, then National Debt Relief can provide a free, no-obligation debt relief consultation so you can see what your options are. You could be debt-free in two to four years, and it only takes a few minutes to see if you qualify.

Even if you don’t utilize their service, talking to experts can help clarify your unique financial situation and might give you pointers on what to do next.

* Source: Marketwatch.com