- Credit cards
- Unsecured loans, personal loans, or lines of credit
- Medical bills
- Collections or repossessions
- Business debts
Secured debts (Under certain conditions):
- The secured assets have been repossessed or have no value any longer (totaled car, 2nd mortgage on a foreclosed home).
- Consumers no longer have a use for the asset and do not care if it is repossessed.
Debts We Can Settle
National Debt Relief is what’s called a debt settlement company with many years of experience helping people get out of debt. It is a member of the US Chamber of Commerce, the International Association of Professional Debt Arbitrators and the American Fair Credit Council. NDR is also a BBB accredited business.
How debt settlement works
If you have more than $7,500 in debt and very little hope of paying it back in the near future, National Debt Relief can help. You will need to first fill out the form on the company’s home page, http://www.nationaldebtrelief.com and get a free debt analysis. If it looks as if National Debt Relief can help you, it will go to work negotiating with your creditors to reduce your debt and interest rates and develop an affordable payment plan. In most cases, the company should be able to reduce your debt by a significant percentage. If you couple this with reduced interest rates, you should end up with a plan that will get you completely out of debt in 24 to 48 months.
How to know if I would be a good candidate for debt settlement
Not everyone is a good applicant for debt settlement. You must’ve had a real financial problem, which caused you to get behind in your payments to your creditors or will cause you to get behind in the near future. National Debt Relief will not work with anyone who is trying to defraud, swindle or deceive any creditors. The company represents only those people who are truly in need of its services and where it could significantly help their situation.
Why debt settlement is better than bankruptcy
Debt settlement will have an impact on your credit. There’s just no two ways about it. In order for your creditors to even consider debt settlement, you will probably have to stop paying them for at least six months. And this is bound to have an impact on your credit record and credit score. However, it does not have as severe an impact as a bankruptcy, which can stay on your record for seven to 10 years and prevent you from getting any kind of new credit whatsoever.
How do I pay for debt settlement?
One of the best things about working with National Debt Relief is that it costs you nothing upfront. In fact, you pay nothing until National Debt Relief has successfully negotiated a settlement and you have approved it. You will begin sending National Debt Relief money as soon as you begin working with the company but it will be put into a trust that you will manage and that can be used only to pay off your creditors.
How is it that National Debt Relief can get debt reduced?
For one thing, National Debt Relief’s debt counselors have good working relationships with the major credit providers such as the credit card companies. They know who to call to negotiate debt relief at the lending companies and how to “sell” the settlement. The credit companies know that if they do not negotiate with National Debt Relief, you may be forced into bankruptcy and they would then get nothing of what you owed them.
Debts we can settle
National Debt Relief can usually settle any and all unsecured debts. This includes credit card debt, medical bills, personal loans, lines of credit, business debts, collections or repossessions and any other type of unsecured loan. We can also settle certain secured debts when they are no longer secured by collateral.
Debts we can’t settle
We are unable to settle any secured debts or those where you have pledged an asset or assets as collateral. This includes mortgages, IRS and back taxes, lawsuits, utility bills, home loans, auto loans, government loans and student loans.