77% of American households have at least some type of debt and paying it off can feel overwhelming. Or even seem impossible. Credit card debt is especially difficult to manage because in addition to the balance, you also need to pay interest every month you don’t pay your credit card in full.
What is credit card debt relief?
Credit card debt relief is when a company negotiates with each creditor on your behalf to reduce the amount you owe. In exchange, you agree to immediately make a lump sum payment to settle the debt. Don’t be surprised if you save 50% or sometimes even more.
While credit card debt relief isn’t the only option, it’s an excellent choice to pay off your debt in as little as 24-48 months. Before Lindsay decided that debt relief was right for her, she considered bankruptcy and making minimum payments. But, according to her, “If I was paying just the minimums on my credit cards, it would take 15 years for me to pay it off. And If I would’ve filed bankruptcy, it would have stayed on my record for 7 years.”
When Lindsay called National Debt Relief, she says, “I was getting paychecks and the paycheck was gone and there wasn’t anything extra. I couldn’t get ahead. Being a single mom, I wanted to be able to take care of my kids. I just couldn’t see a solution.”
How does credit card debt relief work?
Rather than paying your creditors, you’ll deposit a monthly payment to a FDIC-insured Dedicated Savings Account under your name. As the funds build up over time, a specialist will begin negotiating debt settlements on your behalf to reduce your credit card bills down to a fraction of what you owe. As your accounts are paid off, they will be reported on your credit score as a zero balance.
According to Lindsay, “You’re paying less or the same amount every month that you’re used to, but it’s going towards something that has an end date. Every month I wasn’t paying my credit cards, it was just compounding interest. National Debt Relief has no upfront cost. You make the call, they work with you, and then you have your plan.”
How did credit card debt relief help Lindsay?
In Lindsay’s situation, a National Debt Relief specialist worked with each of her creditors enrolled in the plan to negotiate down the $25,000 she owed—which made her monthly payments more affordable and manageable. Once they worked through all her credit card accounts, she was back on the path to financial health.
As she says, “When I looked at the cost of debt relief, I was actually going to save money in the end. From a monthly perspective, I wasn’t taking on any more debt. In terms of timing, it was going to be paid off in four years.”
Lindsay is one of the hundreds of thousands of clients at National Debt Relief who have paid off their debt, taken back control of their finances and moved forward with the rest of their life. You can, too.
“Because of National Debt Relief, I have financial freedom. It’s so empowering, and I’m excited to start the next phase of my life.”Lindsay
Here’s How National Debt Relief Can Help You
National Debt Relief works with you to determine if debt resolution is right for you. Since 2009, we have helped more than 450,000 Americans pay off their debt and live their good life. When you join our program, our debt relief specialists will create a tailor-made financial plan to reduce your balances and help you pay them off—and we don’t stop there. To empower long-term financial success, we also provide you with the knowledge and skills you need to build a stable future. With our support, you can gain real financial independence sooner than you ever thought possible and get a fresh start.
Want to learn more about credit card debt relief? The specialists at National Debt Relief are here to help. Get a free, no-obligation consultation today to see how quickly you can become debt-free.