National Debt Relief
National Debt Relief is a debt settlement program for those with over $7,500 of unsecured debt.
Call For Free Consultation: 1-(866) 870-1188
National Debt Relief is a debt settlement company. They work with your creditors on your behalf to stop interest from accumulating and settle your debts at a fraction of what you owe on your accounts.
Is National Debt Relief legitimate? Yes – NDR is an accredited company, and one of the top debt settlement companies in the U.S. In this review, you can read real customer reviews below, compare National Debt Relief to Freedom Debt Relief, and read the pros and cons of NDR.
National Debt Relief: No Upfront Fees
National Debt Relief is ranked #3 for a reason: it is one of the few companies to work with some types of unsecured debt, has no upfront fees, and great customer reviews.
National Debt Relief Cost
There are no upfront fees (which is typical for the industry). They also promise to not charge any cancellation fees and do not charge monthly payments. National Debt Relief will not charge customers until their debt management problem is resolved. They charge an average of 18-25% of the amount you saved after your debt has been settled for settlement services.
Working with National Debt Relief you could pay anywhere between 18-25% of the debt you settle as a monthly payment (this is on top of what you pay your creditors). However, depending on how much National Debt Relief can settle your debts for, you could potentially pay 30% less on your debts.
It’s important to know that any debt settlement program, not just NDR, will have an immediate negative impact on your credit score. Your credit score takes a hit because you must become delinquent on your accounts.
National Debt Relief Customer Reviews
National Debt Relief is rated 8.3/10 by consumers on our site; Freedom Debt Relief is rated 9/10.
Positive National Debt Relief reviews include comments about the company’s quality of service and other positives:
- Excellent customer service.
- Quality debt negotiation results.
- Lengthy process but worth the results.
Common complaints among National Debt Relief reviews include:
- Being passed off between employees.
- Being treated well during enrollment and then the quality dropping once the debt settlement process actually starts.
The company provides an online dashboard to help clients keep track of their debt management program, but customers have still said they feel disconnected from the debt settlement process. Read reviews or add your own below.
Is National Debt Relief a Good Company?
Yes, National Debt Relief is one of the best debt settlement companies in the industry.
National Debt Relief Experience
National Debt Relief provides various services including credit card debt relief services, debt settlement services, credit counseling and more.
They have consistently shown a willingness to give customers the best service for their specific financial situation.
National Debt Relief is a debt settlement company. Debt settlement companies work with your creditors on your behalf to negotiate a lower overall amount due. The program follows these basic steps:
- Call National Debt Relief for a free consultation to see if debt settlement is right for your particular financial situation
- If you sign up with NDR, will ask you to stop making your monthly payments (if you haven’t already)
- Set aside the money you would pay for your accounts in a separate savings account. The more money you can accumulate, the faster you can pay off your debts.
- NDR will be the point of contact with your creditors. After several months of no payments, NDR will negotiate a lower amount owed with individual creditors (credit card companies, medical bill collectors, personal loan companies, etc).
- NDR gives the example of their customers paying 30% less than what is owed. For example, if you owe $10,000 on your CitiBank credit card, you may end up paying $7,000.
- You’ll go through this process with each of your creditors until you are debt-free. On average, this takes 2-4 years.
Accreditations
The National Debt Relief program, and company, is accredited by the AFCC (Association of Family and Conciliation Courts) and IAPDA (International Association of Professional Debt Arbitrators). They also comply with the Federal Trade Commission (FTC).
Expertise
National Debt Relief is the #3 debt settlement company out of 47 total companies. It has earned accreditations from all of the top accreditation organizations in the country.
National Debt Relief Service Quality
Customer reviews refer to National Debt Relief’s service in a very positive light.
Like many debt settlement companies, NDR has a minimum debt requirement.
National Debt Relief’s services are also only available to those with at least $7,500 of debt. Debt consolidators are not operating in the following states: CT, GA, IL, KS, ME, NH, OR, SC, VT, and WV.
Money-Back Guarantee
National Debt Relief allows customers to cancel services at any time and gives them the option of a money-back guarantee if they’re not happy with the debt management plan or service they received. The National Debt Relief program does include 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.
This type of money-back guarantee is great for those who are worried about experiencing further financial hardship.
Debt Education Tools
This company offers many resources and tools to help individuals with current and future debt problems, which ultimately improves their overall financial situation.
We do, however, wish that the training they offer were more organized to help facilitate better financial learning.
They offer FAQ pages, calculator tools, budgets spreadsheets, and more.
Some of the topics that the company covers with these resources include how debt settlement can affect your credit score,
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.
National Debt Relief Debt Types
National Debt Relief works with some secured debts whereas other debt settlement companies won’t.
National Debt Relief offers debt settlement mainly to customers with unsecured debt such as credit cards, personal loans, and lines of credit, medical bills, collections and repossessions, and business debt. They will work with creditors on a small, few certain secured loans like totaled car debt, some student loan debt, and a second mortgage on a foreclosed home. They do not offer settlement services for average secured debt.
Our Recommendation
Unlike some other debt settlement companies, National Debt Relief does not charge any additional fees including upfront fees, monthly payments, or cancellation fees.
The company explains that customers doing start paying for services until their debt problems are solved. National Debt Relief also offers a money-back guarantee, has plenty of industry accreditations, works with some secured debt, and has an online dashboard that clients can use to check their debt management program progress.
Additionally, National Debt Relief offers several other professional debt services including credit counseling services, credit card debt relief services, and debt settlement services.
While your credit score will take a hit when you start the settlement process, your other options (bankruptcy and making minimum payments forever) will also negatively impact your credit score.
If you are interested in National Debt Relief services, we encourage you to call them and see how much you could save at 1-844-290-8984 or get a free quote online.
National Debt Relief: No Upfront Fees
National Debt Relief is ranked #3 for a reason: it is one of the few companies to work with some types of unsecured debt, has no upfront fees, and great customer reviews.
Questions About National Debt Relief
Are There Any Upfront Fees?
No. National Debt Relief does not charge any upfront fees. All payments are required after the debt has been settled.
Can I Get A Consultation?
Yes, all consultations are free from National Debt Relief.
Does Debt Settlement Hurt My Credit Score?
Yes, debt settlement will hurt your credit score. Because debt settlement is the process of leveraging a debtor’s ability to pay with the willingness of debt collectors to allow for partial repayment, debtors are encouraged to withhold/miss payments to pool their money.
Missing payments leads to a lower credit score.
However, it also signifies to the debt collector that the debtor may not be able to pay the full amount.
Does National Debt Relief Offer A Money-Back Guarantee?
Yes. NDR offers customers a 100% money-back guarantee if they’re not happy with the debt management plan or service they received.
What Types of Debt Does National Debt Relief Work With?
National Debt Relief works with all unsecured debt types and is one of only a few debt settlement companies to accept some secured debt types.
What is the Minimum Debt They Accept?
$7,500
Is National Debt Relief Accredited?
Yes, National Debt Relief is accredited by all major debt accreditation organizations.
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 Score90 people found this review helpful!Everything has been going better than expected with three creditors paid off with up to 50% savings. Have a couple spending resolution. Customer service has been excellent. I know it will adversely affect my credit rating for seven years, but it is a much better way to pay off creditors than declaring bankruptcy. Paying something is better than paying nothing. I was worried about doing this at the start, but things have been progressing smoothly since the startWas this review helpful? YesRead More
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User Score103 people found this review helpful!Amazing experience, they freed me from credit card debt my ex ran up on me. I’ve never felt so scared as I did looking at the debt and NDR took that fear away with a plan and solution. I cannot recommend NDR highly enough, they were my cheerleaders the entire time right up to my very last payment.Was this review helpful? YesRead More
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User Score100 people found this review helpful!Excellent! I was very nervous but tried all other avenues but was buried in minimum payments alone! This was rated one of the best and I can see why! Superb customer service! They have settled with 6 of my 8 credit card companies and working on the 7th to come to an agreement! I highly recommend this company! Trustworthy and proven!!Was this review helpful? YesRead More
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- 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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