• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

National Debt Relief

National Debt Relief - A+ BBB Accredited Business - Get Relief From Credit Card Debt, Medical Bills And Unsecured Loans

Talk to a debt counselor toll free:

800-300-9550

Get Relief From Credit Card Debt

Medical Bills and Unsecured Loans

  • Apply Now
    • Qualifications
    • Is This Right For Me?
  • Proven Results
    • Debt Relief Benefits
    • Credit Card Debt Relief
  • Debt Relief
  • Credit Card Debt Relief
  • Debt Consolidation
  • Login
Video Transcript

Free Debt Consolidation Quote

By clicking "Get Free Quote", you agree that the phone number you are providing may be used to contact you by National Debt Relief (including autodialed and prerecorded calls, as well as text/SMS messages). Msg. and data rates apply, and your consent to such contact is not required for purchase.
  • National Debt Relief, LLC BBB Business Review
  • McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams

Debt Negotiation

Debt negotiation is needed by debtors who are in dire financial conditions that they are unable to meet payments to their creditors. These are the people who do not know how to handle their finances in such a way that will allow them to meet all their financial obligations and still have extra to pay off debts slowly.

To avoid declaring bankruptcy, you need to at least try to negotiate with your creditors for a lower monthly payment, lower interest rate and possibly, even a lower outstanding balance. This means the creditor will allow you to pay only a percentage of your balance and forgive the rest of it.

What you Need During Debt Negotiation

two men negotiatingWhether you decide to hire a professional to help you negotiate your case with your creditor, you do have the capabilities to do it on your own. However, by saving on a couple of service fees, you will be lacking in expertise. Any financial consultant or debt relief article will strongly suggest that you hire a professional to work on your behalf. At the very least, these experts have established a working relationship with these creditors – especially those who have been in the business for quite some time. You and any future agreements will be benefitting from this relationship.

Another important aspect in debt negotiation is your budget plan. This plan will serve as proof that you are unable to meet the original terms of the contract. It will help them decide on the monthly payments that they will ask from you and the percentage of the debt that they think can be forgiven.

This budget plan will also give you insight on your current financial behavior. It will help you cut back on unnecessary expenses and thus increase your savings or payment capabilities.

The next requirement in debt negotiation are your payment goals. Make them realistic and share these with the creditor to convince them of your sincerity to pay off what you owe. If you want to increase your credit score while paying off your debts, this can be negotiated with the creditor so you can agree to a plan that will attain that and clear off your debts with them. Be sure to have something for the creditor in those goals. They have to know what they will gain – even if it only means settling your debts. You can assure them that a credit collection agency or a court proceeding is not necessary and you will stick to this new agreement.

On a last note, read through the FDCPA or Fair Debt Collection Practices Act. It contains what you should know about your rights against abusive debt collectors. It pays to do your research so you are not left unaware and abused throughout the debt negotiation process.

How Debt Negotiation can Write Off your Debt

This method of debt relief is possible because even your creditors want a clean settlement of your debts. While they may lose a bit of profit, the costs of going to court, hiring a lawyer and a collection agency does put a dent on their budget too.

Not only that, you are still, in essence, a customer. By retaining your good graces and helping you to settle your debts in a way that you can afford, you can still patronize their services should you need financial aid in the future.
apply now for debt relief help
If you wish to know more about debt negotiation, call us at NationalDebtRelief.com. Or you can click on the live chat support. There is also a simple form that you can fill out at the right side of this page. After submitting, we will be getting in touch with your shortly to discuss how we can help in your debt situation.

Do you qualify for debt consolidation?

Primary Sidebar

Consolidate Your Debt!

Find out how NDR could help.
  • Get one low monthly payment
  • Avoid bankruptcy
  • Get out of debt in 24-48 months
Get Your Free evaluation

Free Debt Consolidation Quote

By clicking "Get Free Quote", you agree that the phone number you are providing may be used to contact you by National Debt Relief (including autodialed and prerecorded calls, as well as text/SMS messages). Msg. and data rates apply, and your consent to such contact is not required for purchase.
 Trusted By Our Clients

"Review"

My agent was very helpful and made me feel like everything was going to be ok and that I was in very good hands. I feel so much relief after talking with him. Im glad to have all my stress and worries of my debt all in one place so I can finally get everything paid and start on a clean slate. Im so glad I called to have my debt resolved. Best decision I've ever made!

Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating

Miranda Gravley
ConsumerAffairs Reviews
National Debt Relief, LLC BBB Business Review AFCC Top Ten Reviews Gold Top Consumer Reviews Consumers Advocate Trust Pilot
Company
  • About Us
  • Contact Us
  • Blog
  • Careers
  • Corporate
  • Privacy Policies
  • Terms Of Site
  • Disclaimer
  • Sitemap
Products
  • Debt Relief
  • Credit Card Debt Relief
  • Debt Consolidation
  • Debt Settlement
  • Calculators
  • FAQs
Debt Resources
  • Credit Card Debt
  • Medical Debt
  • Personal Loan Debt
  • Unemployment
  • Divorce Debt
  • Retiree Debt
  • Veteran Debt
  • Business Debt
  • Personal Finance
Follow Us
  • Facebook
  • Twitter
  • Linkedin
  • Instagram
  • Pinterest

© 2021, National Debt Relief, All Rights Reserved.

Disclaimer
Disclaimer
Disclaimer