If you need financial help, there may be a number of ways to resolve your debt. Some of the most popular programs include debt settlement, consumer-credit counseling, debt consolidation loans, and balance transfers. Declaring bankruptcy also falls under this category.

While each of these options aims for the same end goal, their strategies to reach the finish line differ. Consumer credit counseling, debt consolidation loans and bank transfers share one big negative—they likely can’t reduce your debts. The most common non-bankruptcy option for consumers capable of doing this is debt settlement, which includes having someone negotiate on your behalf to resolve the amount you owe.

Your experience begins with a free initial consultation during which you will describe your situation so that we can ascertain the best debt settlement option for your situation. If you qualify, you will then work with a debt specialist to determine a monthly amount you can afford and a timeline you feel comfortable with. After that, you will begin depositing money to fund a dedicated FDIC-insured savings account in your name and which you control.

Once enough money has accumulated in your dedicated account—which typically takes a few months—we will begin contacting your creditors. Our goal is to negotiate down the amount you owe through what is known as debt settlement.

A dedicated debt specialist will offer to settle the balance with a lump sum or term payment that could be substantially less than you owe. The theory is that many creditors prefer to receive partial payment rather than nothing at all.

In the event the lender agrees to an offer, we will then ask you to release enough funds from your dedicated account to cover the settlement. If you are unsatisfied with the outcome, we will continue negotiating on your behalf. If you agree to the settlement, we will advise the creditor, send funds for the negotiated settlement, and collect a fee for our efforts.

No Upfront Fees – Ever

You will always have the last word and you will never pay our 15%-25% fee until a debt is settled and approved. If the creditor refuses to budge, you won’t pay us a penny on that enrolled debt.

Of course, not all creditors will agree to settle for less than the total amount you owe. However, we don’t immediately take “no” for an answer. We will continue contacting that creditor until we are able to successfully settle the debt, or until it becomes clear that negotiating is completely off the table.

Given our working relationship with thousands of creditors, we’re familiar with what type of reductions they have approved in the past. This insight works to our advantage as we strive to get you the best deal possible.

National Debt Relief qualification begins if you are struggling with $10k or more in unsecured debt and have the ability to make the agreed-upon monthly payment into a dedicated account.

Most clients are also several months overdue on their payments. If you owe less and are only a month or two behind on your bills, creditors will have no incentive to negotiate. At this stage they would rather keep contacting you with the hope that they will ultimately collect the full amount you owe.

One last criteria for our clients’ eligibility is that they are typically going through a financial hardship with no end in sight. This could be due to a recent job loss or reduction in hours, a separation or divorce which caused a cut in income, death of a spouse, unexpected medical bills, student loans, or IRS taxes—to name a few.

Once we can demonstrate a financial burden, creditors will be more prone to settle your debts for less than the full balance. Again, they would prefer to receive some money than write off your debt altogether or send it to collections for pennies on the dollar.

We only work with unsecured debts, which means you didn’t have to put up collateral when taking out the loan.

Debts That Qualify Include:

• Major Credit Cards
• Retail Cards
• Gas Cards
• Bank Loans from Prior Banks
• Installment Loans
• Finance Companies
• Unsecured Personal Loans
• Repossession Deficiency Balances – you must have the current statement
• Business Debts – We do prefer for your business to already be closed. Also, you cannot have anything secured tied to any of the business accounts.
• Bank, Overdraft, and Associated Fees (you must have a statement and the debt must be with a collection agency)
• Cell Phones (Not Current)
• Credit Unions whose members are not Federal or Military employees
• Veterinarian Bills over $500
• Judgments 6 months or older must be provided with documentation
• Back Rent (if you are no longer the current resident)

Debts We Might Be Able To Assist With:

Private Student Loans – Please contact us to discuss your specific situation.

Debts We Cannot Assist With Include:

• Mortgage Loans
• Auto Loans
• Child Support
• Back Taxes
• Speeding Tickets and/or Fines
• Current Cell Phones, back rent (current residence)
• Current litigation accounts (less than 6 months)
• NSF (Insufficient Funds) Checks
• Gambling Debts – There are exceptions, must pre-approve
• Newly taken/high cash advances, Balance Transfers and Large Luxury Purchases where 3-6 payments have been made (case by case depending on amount and timing of the transaction)
• AAFES or STAR (military)
• Car Repair bills
• Rent-A-Center bills
• Warranty Contracts
• Insurance Policies
• Check Cashing Establishments
• Bail Bonds

We have outlined the majority of debts that do or do not qualify for a debt relief program. If you have a question regarding a creditor, please give us a call and we’ll see how we can help.

We Work With Your Changing Financial Situation

If you receive a raise at work, we can increase your monthly payment and expedite your completion date. On the other hand, you might need extra cash to fix a broken-down car or leaky roof. In that situation, we may be able to lower the amount of your monthly payments and adjust the end date accordingly.

Let’s say you can’t meet a monthly payment altogether. Simply give us a call and we can usually delay a payment or two. This could extend your completion date, but it can also help you avoid going deeper into debt. We will also check in with you throughout the program to confirm everything is on track throughout your debt relief journey.

National Debt Relief is headquartered in the financial district of New York City. Since our founding in 2009 we have helped more than 600,000 clients resolve more than $10 billion in unsecured debts. *

We rank highly on review sites and were deemed the 2023 best debt settlement company by Forbes Advisor, Bankrate and TopTenReviews. In 2022 Top Consumer Reviews also ranked National Debt Relief as the best option for debt settlement. As for personal reviews, we have over 83,000 5-stars from satisfied clients.

In addition, we are A+ accredited with the Better Business Bureau and a proud member of the US Chamber of Commerce and the American Fair Credit Council (AFCC).

This private organization oversees the debt settlement industry and requires that its members operate with clarity, fairness, trust, and legitimacy.

We Don’t Want Repeat Customers

Our goal is to help clients resolve their debt as quickly as possible and get back to doing what makes them happy. During the process, we will educate you on budgeting and other strategies to help you avoid debt moving forward.

Our debt relief specialists are here to help you discuss your individual situation and help you get back on track. We know how suffocating a mountain of debt can be. The constant worry about checking the mail, the dread of another debt collector phone call…National Debt Relief provides the help, support and hope you need to get on with your life.