Americans are drowning in credit card debt. The average American has a credit card debt balance of $6,375. This is up 3% from 2017 according to Experian’s annual study of credit card debt.
It can be so difficult to make any kind of positive choices in our lives when we’re saddled with debt. Instead of planning for the future, we spend all of our time worrying about daily survival. It’s easy to feel like life is slipping you by.
Luckily, there are programs to help regular people get out of debt. National debt relief has been helping consumers dig their way out of debt since 2009. But what is National Debt Relief and how does it work?
Here’s a guide to National Debt Relief and how it can help you get out from under debt and return to financial freedom.
Everything You Need To Know About National Debt Relief
Debt consolidation has become big business in the 21st Century. With so much money riding on the bottom line, it can be hard to find a trustworthy debt consolidation company. You can end up simply treading water instead of actually getting out of debt, as noted by financial advisor Dave Ramsey.
Having a debt consolidation company you can trust can do wonders for your peace of mind while you’re trying to get out of debt. National debt Relief has been voted one of the most trustworthy debt consolidation companies by the Huffington Post. It’s also one of the most affordable.
Let’s dig into consolidating your debt with National Debt Relief to learn how you can take advantage of this program.
Debt Consolidation Or Debt Settlement?
The terms ‘debt consolidation’ and ‘debt settlement’ are often used interchangeably. This can cause confusion for consumers who are looking to get out of debt.
Debt consolidation is when all of your existing debt is consolidated into one payment. Typically, you pay into a savings account for around six months. The debt consolidation company will then negotiate with your creditors on your behalf.
Debt settlement is when you make an agreement with your creditors directly. You can often negotiate a settlement to pay off your balance, even if you don’t have the full amount.
Debt settlement can be a great way to get out of debt without having to pay the full amount of what you owe. You have to have the money saved up ahead of time, however.
If you’re looking to consolidate your debt via monthly payments, a debt consolidation company is the better option.
Things To Keep In Mind When Selecting A Debt Consolidation Program
Finding the best debt consolidation company for your needs requires a certain amount of financial understanding. You need to know the state of your finances to pick a plan that will work for you.
Factors That Will Influence Your Debt Consolidation Program Include:
- Time frame to pay off your debt
- Monthly fees
- Impact on your credit
- Effect it will have on your taxes
Luckily, National Debt Relief doesn’t charge any fees. If you’re looking to get out of debt without being saddled with exorbitant interest rates, let’s learn how National Debt Relief can help you live debt-free!
How National Debt Relief Works
National Debt Relief has helped over 100,000 families return to financial freedom. They’ve resolved over $1 billion in consumer debt since we were founded in 2009.
National Debt Relief will negotiate with your creditors on your behalf. They can often secure a settlement less than the full amount that you owe. National Debt Relief is like a debt consolidation company and negotiating a debt settlement, all in one.
Who Qualifies For National Debt Relief?
Consumers with at least $7,500 and up to $100,000 in personal debt are eligible for National Debt Relief’s debt consolidation program.
Types of personal debt that are covered by National Debt Relief include:
- Credit card debt
- Medical bills
- Some student loans
- Personal loans
- Individual lines of credit
The average debt of a National Debt Relief client is around $20,000.
National Debt Relief DOES NOT cover:
- Car loans
- Utility bills
- Home loans
- Secured debt
National Debt Relief is also not available in every state.
States where National Debt Relief is not available:
- New Hampshire
- South Carolina
- West Virginia
If you qualify, National Debt Relief will advocate with your creditors on your behalf. There are no upfront fees. They can help save you up to 50% of your total debt using their debt consolidation services. You’ll end up saving around 30% of your total debt, factoring in interest rates and fees.
National Debt Relief’s fees can range from between 18% and 25% of your total debt, depending on the state you live in and how much you owe.
If you’re looking for a debt consolidation program you can trust, National Debt Relief is here for you. Having a trusted financial advisor advocating in your corner during credit negotiations is worth its weight in silver. You’ll be able to sleep peacefully at night, knowing you’ve got someone working hard to restore your financial well-being.
Financial rules and regulations are constantly shifting. It can feel like you need to be an economist simply to get out of credit card debt. National Debt Relief follow all of the shifting financial regulations so you won’t have to.
Ready To Get Out Of Debt?
Let us help you restore your financial freedom! National Debt Relief has helped over 100,000 families settle their personal debt since 2009. Apply for our debt consolidation services today!