Is National Debt Relief Program legit?

National Debt Relief is a legitimate debt settlement company. It has a team of debt arbitrators who are certified through the International Association of Professional Debt Arbitrators. Certain debts are not eligible for settlement. Settlement fees range from 15% to 25% of the total debt enrolled.

Can you negotiate with National Debt Relief?

Yes, you can negotiate with your creditors yourself and save yourself an extra 18-25% off your debt. (Our fee is 15-25% of the debt amount depending on the state they live in and the amount of debt they have.)

How do I get out of the National Debt Relief Program?

Yes, you can remove individual accounts from your debt management plan. To do so, call customer support and make the request. The consequences for removing a credit card account from a debt management program are similar to those of canceling a program, though possibly not as severe.

How bad does a debt relief program affect your credit?

In general, a program of debt settlement will cause your credit score to drop by about half as many points as a bankruptcy. Since the post-settlement drop is typically less, it’s measurably easier to begin rebuilding your credit after debt settlement than after bankruptcy.

Is there a Debt Relief government program?

There is no government program that forgives or even minimizes the burden of paying off your credit card balances. There are, however, 501(c)3 nonprofit consumer credit counseling services that work with you to provide debt relief. These agencies are funded through grants from credit card companies.

How long does debt settlement stay on your credit report?

seven years
A settled account remains on your credit report for seven years from its original delinquency date. If you settled the debt five years ago, there’s almost certainly some time remaining before the seven-year period is reached.

What are the negatives of debt relief?

The cons or negatives of debt settlement At least do not pay for six months or more. This is bound to leave a black mark on your credit report and will definitely lower your credit score. Second, you may have to pay taxes on the debt that is forgiven.

How to qualify for the national debt relief program?

How to qualify: National Debt Relief works with consumers who have at least $7,500 and up to $100,000 in unsecured debt from credit cards, personal loans and lines of credit, medical bills, business debts and private student loan debts. National does not settle debt from lawsuits, IRS debt and back taxes, utility bills or federal student loans.

What does credit.org do for debt relief?

Credit.org is a non-profit organization formed in 1974 with a mission to provide consumers with the financial education and debt relief options needed to ensure they are on the right path to financial freedom. Our goal is to provide the financial tools, one step at a time, for our clients to achieve immediate solutions to their debt problems.

How is national debt relief rated by the BBB?

We’re A+ rated by the BBB, and our team of debt arbitrators is certified through the IAPDA (International Association of Professional Debt Arbitrators). Furthermore, we have over 50,000 five-star reviews of the National Debt Relief program. For us to work effectively with creditors on behalf of clients, trust and professionalism are paramount.

How long does it take for debt relief to work?

But NerdWallet cautions that debt settlement, whether through National Debt Relief or any of its competitors, is risky: 1 Debt settlement can be costly. 2 It can destroy your credit. 3 It takes a long time. Getting any net benefit requires sticking with a program long enough to settle all your debts — often two to four years.

How to qualify: National Debt Relief works with consumers who have at least $7,500 and up to $100,000 in unsecured debt from credit cards, personal loans and lines of credit, medical bills, business debts and private student loan debts. National does not settle debt from lawsuits, IRS debt and back taxes, utility bills or federal student loans.

How does national debt relief affect your credit?

While participating in the National Debt Relief program, you may face an initial impact on your credit score. However, many of our clients find that by the time they graduate, their score has returned to the same rate if not higher than when they started.

Which is the best national debt relief company?

National Debt Relief is one of the country’s largest and most reputable debt settlement companies. Our company is proud to have an A+ rating with the Better Business Bureau (BBB) and thousands of positive client reviews.

But NerdWallet cautions that debt settlement, whether through National Debt Relief or any of its competitors, is risky: 1 Debt settlement can be costly. 2 It can destroy your credit. 3 It takes a long time. Getting any net benefit requires sticking with a program long enough to settle all your debts — often two to four years.