National Debt Relief
Pro: Holds accreditations with major industry organizations
Con: Not available in all 50 states
National Debt Relief has a proven track record of settling unsecured debts for anywhere from 30-50% less than what their customers owe. The company works in all states except the following: CT, GA, KS, ME, NH, SC, OR, VT, WV. National Debt Relief has 8 years of experience backing them up with a trained team of arbitrators helping clients resolve credit card debt in 24-48 months. The company is also accredited with major industry leaders: the IAPDA, and AFCC.
While National Debt Relief looks like an excellent choice for debt settlement on paper, their clients have other things to say. On our website, the company has an average rating of 3.8 out of 10 – this score comes directly from its clients. A major concern is that customers get bounced around from person to person throughout the debt settlement process.
The Good
Industry Accreditations
National Debt Relief’s big selling point on its website is the number of accreditations it holds. The company is accredited with the AFCC (Association of Family and Conciliation Courts) and IAPDA (International Association of Professional Debt Arbitrators).
Works with Some Secured Debt
Most debt settlement companies only work with a client’s unsecured debt. However, National Debt Relief works with some secured debts including business debts, lines of credit, and certain student debts. For specific information on whether or not it can settle your debts, give the company a call for a free consultation.
Money Back Guarantee
First, National Debt Relief charges no upfront fees (although this is not unique to the industry). They also promise to not charge any cancellation fees with you and that you can always get your money back.
Positive National Debt Relief Reviews
Clients of National Debt Relief say that working with them has provided them with peace of mind, and that their debt-related stress is gone. Some also say they have seen some accounts that are settled right away, and many people feel their debts are settled surprisingly fast. In one review, a client praises National Debt Relief for honoring their 100% money back guarantee.
The Bad
Limited Industry Experience
National Debt Relief has less experience than most of the top debt settlement companies (in business less than 10 years).
Not Available to Everyone
Even though the company’s actual name is ‘National’ Debt Relief, they don’t offer debt settlement services in every state. States they do not work in include CT, GA, KS, ME, NH, SC, OR, VT, WV. National Debt Relief’s services are also only available to those with at least $7,500 of debt.
Cost and Fees
You may be able to work with National Debt Relief and only pay the company 15% of the debt you settle (this is on top of what you pay your creditors). Only paying 15% to a debt settlement company is a good price. However, you may end up paying 25% of the debt you settle straight to National Debt Relief (and customers have reported they do end up paying 25% for some settlements). Depending on how much National Debt Relief can settle the customers accounts for, the customer could pay potentially 30% less on their debts or potentially more (in rare cases).
There are no sign-up fees with National Debt Relief.
Negative Reviews
There are several complaints left by dissatisfied clients of National Debt Relief on our site. Common complaints often revolve around how unprofessional the debt consultants are and that customers get passed around between National Debt Relief employees. Other complaints made by customers is that they are treated great through the first step of the process and that the quality drops significantly after enrollment. The company does provide an online dashboard to help clients keep track of their debt settlement process, but customers have still said they feel disconnected from the debt settlement process. On average, our reviewers give National Debt Relief a score of 3.8/10.
The Bottom Line
National Debt Relief has excellent industry accreditations even though it has only been in business since 2009. Debt services are offered at potentially competitive prices, but there is a broad range of what their fees could be (15-25%). Other companies have more industry experience and advertise their compliance with FTC rules. Those who find themselves in need of debt relief should be able to find a company that will charge less.
Click Here for Our Top Recommended Debt Settlement Providers.
Contact Information
Website: https://www.nationaldebtrelief.com/
Email: [email protected]
Phone: 800-300-9550
Hours: Monday-Friday from 9AM to 12AM EST; Saturday from 10AM to 9PM EST
Address: 11 Broadway 16th Floor, New York, NY 10004
How Much Does National Debt Relief Cost?
There is no monthly cost. National Debt Relief will not charge customers until their debt problem is resolved. They charge an average of around 18-25% of the amount you saved after your debt has been settled for settlement services. They allow customers to cancel at any time and give them the option of a money back guarantee if they’re not happy with the service they received.
Are There Any Up-Front Fees?
No, National Debt Relief does not charge any upfront fees?
Can I Get A Free Consultation?
They offer free consultations, which are very helpful for individuals in tough debt situations. They have shown through years of business that experts on staff can provide very valuable information and help to individuals with debt struggles.
Does National Debt Relief Offer A Money-Back Guarantee?
Yes, National Debt Relief offers a 100% money-back guarantee. A money-back guarantee is a promising offer from a debt relief company. It shows that they stand by the work they do. If you don’t see results, you can receive a refund.
What Types of Debt Does National Debt Relief Work With?
National Debt Relief only offers debt settlement to customers with unsecured debt such as credit cards, personal loans and lines of credit, medical bills, collections and repossessions, business debt and a small few certain secured loans like totaled car or a second mortgage on a foreclosed home. They do not offer settlement services for your average secured debts.
Time in Business
National Debt Relief was founded in 2009. They’ve been in business for over 8 years. This amount of time in business shows they have proven to serve customers for a long enough time to understand the industry well and give customers helpful service.
Debt Education
This company offers many resources and tools to help individuals get out of debt and stay out of debt. We do, however, wish that the trainings they offer were more organized to help facilitate learning a little better. They offer FAQ pages, calculator tools, budgets spreadsheets and more. We would like to see them organize it into more of a mini school to help customers move through the information more smoothly. Increased direction would be a very valuable service.
Mobile Access
The website is mobile friendly so you can look into your account, access materials and interact with them on your phone. This is convenient for customers and it shows that they understand customer needs. The mobile site is responsive and provides a good user experience.
Address:
11 Broadway Suite 1300
New York, NY 10004
Email:
Additional Services
They provide various services including debt settlement, credit counseling and more. They have consistently shown a willingness to give customer the best service for their specific situation.
Minimum Debt Accepted
National Debt Relief will not accept clients with less than $7,500 in debt. This isn’t necessarily a bad thing as there are other options for resolving your debt situation if you don’t have a really heavy debt load.
Online Dashboard
You always have access to your own trust bank account where all transactions can be viewed.
Accreditations
They are members of the AFCC and the IAPDA. Membership doesn’t guarantee a companies trustworthiness, but it is definitely a big step in the right direction. These organizations only accept businesses that comply with certain rules and regulations that are beneficial to the consumers they do business with.
Are there any inaccuracies in this review? We take our accuracy very seriously and would love your feedback. Give feedback here.
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User Score00 people found this review helpful!NDR has been working since December 2016 on settling my two debts. So far in just fees, I have paid over $1600!!! They fee you to death. I would not recommend this company. Read the fine print before going with anyone. Consolidation Plus is a good company I have been told. I wish I could get out of this nightmare.Was this review helpful? YesRead More
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User Score00 people found this review helpful!Do yourself a favor, if you were ripped off like me by National Debt Relief, submit a complaint to ConsumerFinance.Gov. My lawyer counseled me on this. When I called from my job, they did not disclose they were a for profit agency, I had to ask them. They did not tell me the percentage that they would take as profit. I did not learn that until about 3 weeks ago when I demanded to know the profit they took. Their answer after a long time of questioning was they took 25% off the original debt for themselves. When I said that I did not know this. Their response was : “it is in page 3 of the contract.” I could not find this information anywhere nor it was said to me. The representative who enrolled me Berlinda C only said ” We take a small fee” but would not specify the amount. So far, they have taken from me $2,500 and my creditors have hardly seen any money. When a settlement is negotiated, they take everything they have taken from my account for themselves and on top of that charge about $60 monthly extra in order to make the payments to the creditors. I find this sum exorbitant. I now closed my account with them because I have realized the rip off that this company is. I have lost $2,500 for their profit.Was this review helpful? YesRead More
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User Score03 people found this review helpful!Such a scam, they make you believe they’re helping you but in reality they are ripping you off. They are charging you for something you can do on your own. There is nothing special about this company, please don’t waste your time and money. Wish someone told me this before I signed up. I never write reviews but I feel so strongly about this that I had to try to stop someone else from making the same mistake and sign up with National Debt Relief.Was this review helpful? YesRead More
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User Score07 people found this review helpful!If you are needing relief from your debt, DO NOT use this company. They tell you not to pay any of your bills but instead send your money to a specified bank and for me that was $314 each month. They tell you they will get started negotiating with your creditors right away to settle for a reduced amount. However, THEY ONLY USE YOUR MONEY to pay off the reduced amount. So figure….If I owed $5,000 on a credit card and they say they usually get the debt reduced by 50%, then they must wait until YOU have deposited at least $2500 into the account before they can do that. Lets figure…$2500 divided by $314 = 7.96. Otherwise I have to make at least 8 payments before they will start the negotiating process. That’s 8 months of phone calls from the creditor. NOTE: That is for just the first credit card, and I have 5 total so it will take years to complete THEIR process. If you need help, file bankruptcy. It stops the calls quicker and your settlement will be quicker and easer OR you have the choice to just stop paying the bills and deal with the calls. If you ask them to stop calling, by law, they are suppose to quit calling…if they don’t, then you can file suit against them. I have consulted two lawyers and both said just what I told you. It is your choice.Was this review helpful? YesRead More
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User Score104 people found this review helpful!I’ve had a great experience with NDR so far. I began this program in October 2016 and have already have settled 3/4 credit cards I had. Each is for less than the amount that was owed; averaging about 60% less than what was originally owed! Each time I speak to a customer service representative they have been very excited about these settlements and eager to offer additional assistance. I was a good customer to the creditors before, regularly paying on time, but I was finding it difficult to get ahead of the payments. It also helped to close the accounts so I could not have access to available credit and you are also restricted from opening new unsecured lines of credit which helps with the temptation of accumulating more debt. This is a business so, of course,they will need to receive payment for their services. They disclosed the details of the entire process, stating that it may take up to 6-24 months before settlements start coming in. I was encouraged to be patient and to stick with the program from the beginning and now I’m very pleased with the results and will be debt free in the very near future!Was this review helpful? YesRead More
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User Score731 people found this review helpful!I’ve only been in the program a few weeks. I’m rather disappointed with their csr. At first they treat you like you’re golden and give the impression that they actually care. Once I signed up I tried reaching out to the lady who originally helped me,she completely ignored me and has not replied to any of my emails. It just feels awful being tossed to the side like garbage after initially being treat with attention and support.Was this review helpful? YesRead More
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User Score017 people found this review helpful!Shady. I have to work with these ” yahoos” daily as I am a debt collector. They will not accept the guidelines set by the creditors to provide settlement options to their clients. They INSIST that I take very low and unreasonable offers to creditors and even if I manage to get them approved then say THEY have to get them approved before paying out. I feel if you are making an offer to settle, it is only fair that you can fund the settlement instead of jerking around. It’s a waste of everyone’s time and is unethical. You can’t make offers to creditors that you can’t fund!Was this review helpful? YesRead More
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User Score025 people found this review helpful!You always speak to someone different and they all tell you something different! In the beginning it was all good, then when my circumstances changed, I was told LIE after LIE! Especially when it came to getting my money back! I do not recommend!Was this review helpful? YesRead More
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User Score120 people found this review helpful!Guy who signed me up was professional BUT dealing with the company afterwards was a complete run-around. Transferred 5 times and not given an honest answer. Had to call back and confirm my exit from the program. Then asked personal questions in a resell attempt. Mailing address given to submit cancellation request to is NOT a valid mailing address. Percentage higher than advertised – 23%. Customer service transfers you immediately somewhere else – couldn’t even finish my sentence. Very shady.Was this review helpful? YesRead More
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User Score020 people found this review helpful!So I called National debt relief some man by the name of eric was you can say helping me out . Once I was into the phone letting him know my problems he cut me off and told me he knows no one or and him himself couldn’t help me at all . I didn’t even get the chance to even let him know everything that was going on . That was such a waste of time and I’m here so anyone else shouldn’t waste their valuable time on people that don’t care for their customers ! Happy holidays and suggest to keep away from National debt relief especially eric could have gave his last name , but clicked on me before I could have even got it.Was this review helpful? YesRead More
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User Score719 people found this review helpful!National Debt Relief recently refunded part of the money that was saved in my account before I terminated my agreement with the company. I found this action on their part to be quite surprising and very much appreciated. This leads me to believe that they do have the best interest of their customers at heart. I have chosen to work with another company in becoming debt free and am very thankful for the services provided to me from National Debt Relief.Was this review helpful? YesRead More
Blog Post
- Takes your existing debt and try to settle with your creditors for a lower amount. If you pay off the settled amount, your debt will be considered paid in full.
- Negotiates with your creditors on your behalf.
- Fee based on a percentage of your total starting debt or a percentage of the debt they save you.
- Most settlement companies have you create a separate "escrow" account where you will make monthly contributions over a certain amount of time to contribute to your settlement. Once there is a substantial amount of funds to show your creditors, the settlement company will try to negotiate a lower amount of debt.
- Combines all your debts and creditors into one monthly payment.
- Allows you to pay one monthly payment to the consolidation company, instead of multiple payments to different creditors.
- You no longer owe your original creditors; instead you pay one monthly payment to your consolidation company.
- Consolidation companies can help negotiate lower interest rates on your debts and help lower your total debt payment in the long run. A lower interest rate will lower the amount you owe in the end.
- Allows you to consolidate all your different debts into one personal loan that can be paid off over time.
- Can offer borrowers a lower interest rate with a longer payback term (compared to high-interest credit cards or medical bills). This will lower the amount of money required to pay off the loan over time.
- Personal loan debt consolidation can be an effective way to raise your credit score quickly (within 3-6 months).
- Borrowers can receive funds from their loan within only a few days.
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14 National Debt Relief Reviews