New Era Debt Relief has provided clients with a resolution to over $200,000,000 in debt. They have been a pioneer in the financial industry since 1999, with the launch of the company brand in 2007 strictly specializing debt settlement solutions. The company claims they are setting the standard for how all debt settlement companies should perform – with high standards, integrity and customer satisfaction.
It’s not hard to see why so many customers have ranked them highly within reviews scattered around the web.
Like all credible debt settlement companies, New Era does not charge any up-front fees retaining services. Clients are charged only when an enrolled and qualified unsecured debt is settled with creditors. Their fees are highly competitive and some of the lowest we have seen in the industry. They operate on a performance-based fee model charging approximately 8 to 15 percent of total debt enrolled and settled. Clients have the option to opt-out of the program at any time without penalty.
A free consultation is offered where a professional consultant will assess each client’s financial situation to determine if their services are the best option to move forward with. They advise clients to set aside at least one percent of their total debt on a monthly basis however they recommend 1.5 percent in order to decrease the duration of the program, which ultimately saves their clients money. They will be honest with clients about the results they can expect and lay out several statistics and guidelines within their “Truth and Transparency” page.
Once enrolled, the debt professional handling your case will provide a workbook filled with comprehensive training materials and tools to assist clients in getting and staying out of debt. The company website is filled with information about options to relieve debt, explaining the advantages and disadvantages of each. There are also tips on how to succeed in a debt settlement program located under the “Client Success” tab which offers helpful information when deciding how to choose a settlement firm. They also provide a debt calculator to help put into perspective what monthly payments will be when enrolling with New Era.
Highlights to this company include:
- $200 million in debt resolved
- Company transparency
- Abundance of settlement literacy resources
- Settlement in as little as 90 days
Risks associated with settlement are apparent and should be defined by any credible company. There may be serious tax penalties for settling on certain debts, especially if back taxes are owed. Other risks associated with settlement are potential litigation and hits to credit scores.
This company is not accredited with AFCC although they may follow the standards on their own accord. Also, they only provide services to less than half of the states due to licensing and registration requirements. States will be added as the requirements for licensing and registration are completed.
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