Can you get your money back from National debt relief?

We offer a Money Back Guarantee because we want Satisfied Customers! Our Guarantee: By joining our program, you will be on your way to reducing your debts. We are so confident in our professionalism, level of service and ability to get results, that we do not charge a single penny in fees until your debt is settled.

Does a debt relief Order clear my debts?

At the end of the DRO period, the debts included in it will be written off (‘discharged’) and you won’t have to pay them. If you obtained any of your debts through fraud, you will have to restart paying them when the DRO has ended.

Can I right off my debt?

Most creditors are able to consider writing off their debt when they are convinced that your situation means that pursuing the debt is unlikely to be successful, especially if the amount is small.

How does a debt relief program really work?

Obviously, per the article title, debt relief programs are not as benign as they’d like for you to think. It works like so: You sign up with a debt settlement company. They negotiate with your creditors to allow you to pay a lump sum that is less than the full amount that you owe. You then pay the program a specific amount each month.

When to stop making payments on debt relief?

Once you enroll in the program, the company tells you to stop making any payments on your debts, usually recommending to do so for six months or more. This is so the creditors will worry you won’t pay at all, would rather take something over nothing and are willing to negotiate with the debt relief company.

What does the New South Africa debt relief bill do?

Informally known as the ‘debt relief bill’, the new act aims to provide relief to over-indebted South Africans who have no other means of extracting themselves from over-indebtedness. Specifically, the act will allow certain applicants to have their debt suspended in part or in full for up to 24 months.

Why did Basa not support debt relief bill?

The Banking Association of South Africa (Basa) made it clear that it does not support the principle of debt forgiveness – for very obvious financial reasons, but also for what it would do to the lending and credit industry.

Is the Freedom Debt Relief Program a new loan?

No, our debt reduction program is not a new loan. Some of our clients use a loan in conjunction with the Freedom Debt Relief program, but most fund their settlements with a monthly deposit into their Dedicated Account. That being said, we do have a relationship with a lending company.

Who is the largest debt relief program in the US?

Freedom Debt Relief is the largest debt negotiator in the U.S. We offer our debt relief program to Americans with $7,500 or more in unsecured debt—including credit card debt, personal loan debt, and medical debt—who are experiencing a legitimate financial hardship.

How does debt relief work for unsecured debt?

Debt relief allows you to resolve your unsecured debt by negotiating with creditors and reducing the amount you owe. You could negotiate with your creditors on your own or use a debt relief program like Freedom Debt Relief to help you settle your debt.

How does debt reduction work for credit cards?

Debt reduction is really a program which may reduce your debts along with your creditors providing you with the opportunity just pay back a fraction of the original balance due. If your consumer files for bankruptcy, it is likely the creditor will receive nothing from the balance which is owed to them.