How does a debt relief program work for You?

How Do Debt Relief Programs Work. Debt relief programs offer consumers a fair and workable way out of financial problems. The programs help consumers make payments they can afford, while simultaneously reducing and eventually eliminating the debt. Sometimes the solution is asking lenders to lower the interest rate and reduce the monthly payment.

What is the minimum payment for debt relief?

In most cases, an acceptable minimum settlement offer is around 30 cents on the dollar. If your income is higher or you have some valuable assets, you will need to offer more. If you’d like to compare your possible minimum payment under different debt relief programs, try our debt relief calculator.

How are debt relief programs similar to shoe sizes?

Debt relief programs are similar to how with “shoe sizes”, “one size doesn’t fit all”. With debt relief programs, “one debt relief service will never be the solution for all debt problems.” If you are a size 12 in shoes, you are not wearing a size 8.

How long does it take to pay off national debt relief?

Timeframe: On average, the company says, customers who complete their debt settlement program with National do so within two to four years. Average savings: National Debt Relief says its clients see savings of about 30%. By comparison, competitor Freedom Debt Relief says its customers see savings of 15% to 35% when including fees.

How Do Debt Relief Programs Work. Debt relief programs offer consumers a fair and workable way out of financial problems. The programs help consumers make payments they can afford, while simultaneously reducing and eventually eliminating the debt. Sometimes the solution is asking lenders to lower the interest rate and reduce the monthly payment.

Debt relief programs are similar to how with “shoe sizes”, “one size doesn’t fit all”. With debt relief programs, “one debt relief service will never be the solution for all debt problems.” If you are a size 12 in shoes, you are not wearing a size 8.

Are there monthly fees for national debt relief?

Debt settlement programs also typically require setup and monthly fees to maintain the savings account. National did not confirm whether its programs require this fee. Savings: National Debt Relief claims its clients realize an approximate savings of 30% when including its fees.

Are there any legitimate debt relief companies out there?

A. Yes, there are many debt relief companies that are totally legitimate. As noted above, one of the best is National Debt Relief. Other legitimate debt settlement companies include Cure One Debt Relief Services, Curadebt and Avant.