Minimum Debt: $20,000
- No upfront payment
- Experienced team to negotiate with creditors
- Better Business Bureau accredited
- Must have at least $7,500 in debt to qualify for service
- Enlisting the service may affect credit score
National Debt Relief offers its services to individuals who struggle with managing monthly repayments and helping them lower their debts with a team of experts. National DR clients will make single, regular payments through an escrow account instead of sending several payments to different lenders each month. The company does not offer debt consolidation loans but they help clients manage debt payments. The biggest advantages they offer are the team of debt specialists and their excellent reputation.
National Debt Relief boasts of an excellent reputation among its clients and the industry as well as an accreditation from the Better Business Bureau. The company’s average TrustPilot rating is 4.8 stars. National Debt Relief’s team of experts can provide valuable advice to those dealing with debt problems and negotiating on their behalf with creditors. There are no upfront payments which is an attractive feat for those who want to settle their financial problems. National Debt Relief suggests a 24 to 48-month timeline to complete debt repayments
• Team of professional negotiators who work with creditors on behalf of the individual
• Singe monthly repayments instead of managing multiple payments
• Account, insured by the FDIC, where clients can put their savings into
National Debt Relief provides free debt analysis and quotes by phone which gives clients the opportunity to speak to a member of their team about their financial difficulties and determine whether their services are suitable for their situation. The next step of the process is where the debt specialist reviews the client’s credit history to determine eligibility. If qualified, the client will be connected to a professional team that will help them in consolidating and negotiating debt repayment.
National DR’s program helps clients repay their debts faster than just paying the minimum which can ease the stress of the debt. In addition, the team can help the client with budgeting their finances and obtain a wider understanding of their financial responsibilities.
When the team successfully negotiates with a creditor, the debts, charges, and fees are often reduced. The company reported a debt reduction rate of between 25 to 66 percent in 2019 to 200. The program allows clients to send one monthly payment to an escrow account which they will authorize the necessary repayments.
National Debt Relief offers its services to individuals with unsecured loans such as personal loans, credit cards, medical bills, business debts, student debts, and collections or repossessions. The program does not work with secured loans, lawsuits, utility bills, car loans, IRS debt, back taxes, mortgages, and government loans.
National Debt Relief’s privacy policy reiterates that they follow industry standards in handling customer information. Personal data may be stored and shared with third parties if necessary to successfully provide service.
Current clients can call the support team every Monday to Friday, 8 to 12 AM EST, and Saturday from 10 AM to 10 PM EST. they also have an email and mailing channel to reach their service department. Unfortunately, we did not receive a response from the Success and Service addresses.
National Debt Relief helps individuals lower their debt amount and easily manage their repayment schedules. The team of experts can negotiate with creditors on behalf of individuals, with a 25 to 66 percent debt reduction in 2019. However, not everyone can qualify for the program. It is only available in 42 states and the borrower must have at least $7,500 of debt.
