Wondering if the National Debt Relief program is right for you?
Many people face debt issues at some point in their lives. You’re not alone – and there are programs that can help you. If you’ve heard of the National Debt Relief program, you might have a lot of questions. We’ll make things simple by consolidating the information you need to know right here.
Ready to take control of your debts? Keep reading to learn how the National Debt Relief program can help.
What is the National Debt Relief Program?
National Debt Relief offers debt settlement help to consumers who need to reduce their debt. Although we have a number of different kinds of assistance, our debt settlement program is our main product. We help you negotiate with your creditors to get lower payoff amounts, so you can lower your total debt amounts.
To get the most out of this program, you’ll need to stay with it long enough to settle all your debts. This can be done in just a couple of years. You’ll be debt-free for less than you would have spent otherwise, and in less time.
Qualifying for National Debt Relief
We work with consumers who owe $7,500 or more, and up to $100,000, in unsecured debt. This can include debts from personal loans, lines of credit, credit cards, medical bills, business debts, and even some student loan debts.
On average, our clients hold over $20,000 in debt. There are a few kinds of debt we don’t work with, though: IRS debt or back taxes, lawsuits, utility bills, auto loans, home loans and mortgages, and other secured debts don’t qualify.
There are also a few state regulations that you should be aware of. If you live in West Virginia, Vermont, South Carolina, Oregon, New Hampshire, Maine, Kansas, Georgia, or Connecticut, our services won’t be available to you.
If you live in a different state, though, and meet the criteria listed here, you should apply. After you’ve filled out your application, we’ll do a soft credit pull to verify your outstanding balances and creditors. The good news is that soft credit pulls don’t hurt your credit score.
The Process of Debt Settlement
Is it worth it to go to the trouble of applying? Absolutely – after you’ve successfully applied and been accepted for the program, the benefits will quickly start to show.
After you’ve hired us, you’ll open up a new savings account in your own name. Instead of paying your creditors as you’ve been doing, you’ll start making monthly payments to this savings account.
When you stop paying your creditors, you might be worried about getting late fees and becoming delinquent on your accounts. However, this is all part of the National Debt Relief strategy.
We’ll help you figure out the monthly payment amount to your savings account – it will usually be lower than the total payments were on your debts. You’ll have to stay committed to making payments to your savings account in order to be successful with the program. Your savings account is insured by the Federal Deposit Insurance Corp. You can withdraw the money from it and walk away at any time.
Negotiating With Creditors
With National Debt Relief on your side, you don’t have to negotiate with your creditors – we’ll take care of that for you. The goal is to get them to agree to an amount that’s less than the total that you owe.
Since you’ve stopped paying the creditors and started paying into your savings account, they’re more likely to agree to these lower amounts. They’ll see some payment as better than no payment.
Once the agreement’s been reached, you’ll use that savings account to start making payments toward the new agreed-upon amount. You can pay in installments or in a lump sum.
It usually takes about three to six months for the first payment to go through.
How Much Does it Cost?
You don’t have to pay any fees up front to use the National Debt Relief program. We also will never collect fees from you unless your debt gets settled.
After the debt is settled, you’ll pay a fee of 15 to 25 percent of the total amount of enrolled debt. The fee amount depends on the state you live in and how much you owe.
How Much Do You Save?
With National Debt Relief, you can save 50 percent before fees, or about 30 percent after fees, on your debts. However, you’ll only see the savings if you stick with the program long enough to see all your debts get settled.
Things to Consider About Debt Settlement
Debt settlement is ideal for a number of people. If you have bad credit already and are stressing about the bills you can’t pay, working with National Debt Relief can take the weight off your shoulders. And if you’re not completely comfortable speaking to creditors in English, we can also help you avoid confusion and issues.
However, you should know that the IRS considers the amount of debt that you get forgiven as taxable income, so this can affect your tax bill. You also might continue to hear from your debt collectors or creditors throughout the process. They may not want to work with us at first, but don’t worry – we’ll take care of the negotiations so you don’t have to talk to them when they try to contact you.
Overall, National Debt Relief has been rated the most reliable debt settlement company by many different sources. If you’re deep in debt and not sure how to get out, this is the answer for you.
Ready to Give Debt Relief a Try?
If handing over the stress about your debt to the National Debt Relief Program sounds appealing, don’t wait. The longer you let your debts linger, the worse they’ll get.
Take action today. Find out more about how we can help you here.