Debt is hard to ignore. When you're staring down a ballooning credit card balance and fending off insistent phone calls from angry creditors, it can be an all-consuming enemy. You can't simply wish, smile or shrug it away.
What would you give to be free of the worry that comes with long-term debt?
When you enroll in our proven debt consolidation program, you may have to give up less than you think. Nothing's free, of course, and our program does take some time and commitment to complete. We can't promise that you can enroll with us today and be debt-free tomorrow.
However, we can promise to do everything in our power to significantly reduce your existing burden of unsecured debts. We work tirelessly on behalf of every client who qualifies for our program, and the results that we've achieved speak for themselves.
National Debt Relief is a BBB-accredited, New York-based business with a host of awards and accolades. We specialize in consolidating the balances on credit card debts, medical bills, repossessions, certain business debts and other unsecured obligations. We also work to ensure that your creditors don't harass you at your home or place of business.
We'll talk more about what we do - and what we've done to become a leader in our industry - in a moment. First, let's take a closer look at the nature of debt and some common options for fighting it.
Rising Prices, Falling Wages
These days, American consumers are struggling just to keep pace with rising prices for basic staples.
For many consumers, debt - from credit card bills and hospital financing to personal credit lines and business loans - offers an apparent escape from day-to-day financial pressures.
Recognizing that you need to do something about your debts is an important first step on your road to financial independence. Whether your credit problems have become a pressing emergency or you're merely looking to shore up your finances, you have several plausible options at your disposal.
Thinking About Squeaking By on the Minimum Payment Plan? Think Again.
When it comes to paying off credit card debt, many consumers take the path of least resistance: the so-called "minimum payment plan." By law, credit card issuers are required to set a minimum monthly payment amount for each cardholder. These payments are calculated on the basis of the cardholder's total balance, interest rate and certain other factors.
Minimum monthly payments can be shockingly low. If you're carrying a balance of $10,000 on a single credit card, your monthly payment could be just $200 per month. Depending on your income, that could be perfectly manageable for you and your family.
Of course, credit card companies want something in return for not paying off your entire balance, and they get it in the form of sky-high interest rates.
Here's an example:
If you make the minimum payment on a $10,000 balance with an 18 percent interest rate, it'll take 46 years to pay off your balance and cost you an extra $28,000 in interest payments. With an interest rate of 21 percent, the same balance will take 87 years to pay off and accrue more than $64,000 in additional interest charges.
Worse, these figures only apply to folks who stop using their credit cards. If you keep making charges, you'll find yourself even deeper in the hole.
Happily, consumer protection laws now require credit card issuers to disclose the precise length of time that the "minimum payment plan" takes to work for each customer. When you get your next credit card bill, look for the box that says something along the lines of "If you make only the minimum payment on this balance, you will pay a total of 'X' dollars and take 'Y' years to pay off your balance."
Those 'X' and 'Y' values might just shock you.
Looking for a Debt Consolidation Loan?
Debt consolidation loans are a well-known option for consumers who struggle with debt. For those who qualify, debt consolidation loans can get you out of debt even faster than alternative options - saving you even more money in interest.
Under this type of plan, it's even more critical that consumers stay up to date with payments. It's also important to remember that loans do not make debt disappear, they simply move the debt to another institution. This solution is helpful if you have multiple debts at multiple sources and if the interest rates on those accounts are high.
A debt consolidation loan would pull all those multiple accounts into one with one easier to manage interest rate - making the process of paying that money back more manageable.
Declaring bankruptcy is advisable only as a last resort. While Chapter 13 bankruptcy can dramatically reduce your unsecured debt load, it can have plenty of undesirable consequences. Meanwhile, declaring Chapter 7 bankruptcy may mean saying goodbye to most of the assets that you've accumulated over the course of your life.
If you'd like to read more about bankruptcy, click here.
It's important to remember, however, that bankruptcy is a very public matter. Once you begin the process, it'll be a long time before you can hide the fact that it happened.
Declaring bankruptcy results in an immediate hit to your credit score. As you work through the process, you run the risk of losing important assets like your car, home, family heirlooms and more.
Over time, bankruptcy might come back to bite you in unexpected ways. If your employer requires you to carry a security clearance, there's a chance that it could be rescinded. If you're applying for a mortgage or rental property, your brush with insolvency could disqualify you from consideration.
National Debt Relief: Debt Consolidation with a Difference
Our debt consolidation plans are available to anyone who qualifies.
When you come on-board, you'll be connected with an experienced team of negotiators who connect directly with each of your creditors.
We deal with your credit card companies, hospitals, banks and more so that you don't have to. During the entire process, you'll be protected from harassing phone calls, insistent emails, in-person visits and other high-pressure tactics that creditors and collections agencies use to force payment.
The ultimate goal of these negotiations is a single, lump-sum payment that resolves all included debts once and for all. Most of our cases can be taken care of in 24 to 48 months.
To help you save up for your eventual payoff, we offer an FDIC-insured trust account into which you may make monthly deposits. While no case is typical, we've consistently reduced our customers' total debt loads by as much as 50 percent.
What Debts Does Our Program Cover?
Our program covers the vast majority of unsecured debts. Many of our clients carry significant credit card balances, and we're particularly adept at negotiating with major credit card issuers and banks.
We're also able to negotiate:
- Credit Cards
- Personal Loans and Lines of Credit
- Medical Bills
- Collections and Repossessions
- Business Debts
- Certain Student Debts
We're not able to negotiate:
- IRS Debt and Back Taxes
- Utility Bills
- Auto Loans, Government Loans
- Mortgage or Home Loans
- Other Secured Debts
If you qualify, we may be able to lower your monthly credit card payments by a significant margin all the while getting you out of debt in approximately 24-48 months. We work hard to get you out of debt as quickly as possible.
Over time, the savings that we're able to secure could enable you to begin building up an emergency fund or adding to your existing retirement account. For many past clients, our program was a turning point. Before enrolling, they lived paycheck to paycheck and could still barely afford to make ends meet. After successfully completing our program, they finally had the means to prepare and save for the future.
What does National Debt Relief Cost?
First of all, National Debt Relief does not charge any upfront fees. There are no fees to get started. In fact, once a client is enrolled, National Debt Relief does not receive any fees until an account is successfully resolved.
Our fees vary by state and the amount of your debt (about 18-25% of your enrolled debt). Compared to the thousands of dollars in interest consumers pay on credit cards while struggling to pay them off, our clients can still expect to see an impressive amount of savings on each account.
National Debt Relief Awards, Recognition and Accreditation
At National Debt Relief, we think our results speak for themselves, but here are just a few of the awards we've received from trusted authorities in the field.
- Top Ten Reviews' 2020 Gold Award for Best Overall Debt Relief Company
- Top Consumer Reviews' Five-Star Rating for 2020
- Top Consumer Reviews' Best Overall Debt Relief Company
- A+ Rating from the Better Business Bureau
- U.S. Chamber of Commerce Member
- International Association of Professional Debt Arbitrators Platinum Member
- American Fair Credit Council Accredited Member
We're also proud of what we can accomplish for individual consumers.
"The staff was understanding, not judging, and helped guide me through my options of becoming debt free. They helped me to understand my position and seek a remedy that would be long-lasting. I would recommend National Debt Relief to anyone who wants to take control of their financial situation."
– Chelsey H. (Trust Pilot Review)
"I have been completely satisfied with my decision to contact National Debt Relief. I felt like there was no end to the tunnel of debt, but every representative I spoke to has been so great and understanding. I'm moving in the right direction now and am glad I made this choice. Thank you to all those at National Debt Relief for helping me."
– Brianne M. (Trust Pilot Review)
You don't have to take our awards, accreditations or client testimonials at face value.
- Reducing a Bank of America credit card debt from more than $15,000 to about $3,000
- Slashing a Citi credit card debt from $22,500 to less than $8,000
- Lowering a Discover credit card balance from nearly $11,000 to just $2,000
Remember, no case is typical.
That said, your success is our success. Since we don't charge monthly maintenance or setup fees, and since we collect our fee once an account is successfully resolved, our entire business model is built around your success.
Without a proven track record of success, we simply wouldn't be in business. We base our reputation on our ability to help consumers move past their debts and begin rebuilding their financial lives - not on our ability to enroll as many clients as possible or charge unnecessary fees.
We work with clients who have at least $7,500 in qualifying debts. Remember, the vast majority of unsecured debts, including credit card bills, qualify for debt consolidation. Most secured debts, including auto loans and mortgages, don't qualify.
If you have less than $7,500 in qualifying debts or are facing a debt load that's largely made up of secured debts, we'll happily refer you to an organization that can help.
If you've already fallen behind on your monthly payments or can no longer afford your minimum payments, we want to talk to you. If you can't see any way to improve your financial situation without taking a drastic step like declaring bankruptcy, we may be able to help. What's more, we have years of experience with clients who face exacerbating circumstances like divorce, death in the family, unemployment, long-term medical issues and other problems.
National Debt Relief We're Here For You
No matter what's going on in your financial life, National Debt Relief is here to help.
Please take some time to look through our site and learn more about what we do, where we've been and where we're going. You'll hear from many satisfied clients and learn more than you ever thought possible about credit card debt, personal finance and the debt consolidation process itself.
If our proven debt relief program seems like a good fit, give us a call at 800-300-9550 during our extended business hours or fill out the free, no-obligation debt relief quote form on this page. Our Certified Debt Relief Specialists look forward to speaking with you.