• 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
HomeBlog Debt ReliefIf You’re Looking For Better Ways To Pay Off Debt
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

If You’re Looking For Better Ways To Pay Off Debt

June 24, 2013 by National Debt Relief

smiling woman holding gold credit cardAre you so deeply in debt you feel as if you had a huge boulder strapped to your back? Being in trouble with debt can cause stress that might even be affecting you physically. You might be experiencing an irregular heart beat, developing an ulcer or suffering from insomnia – all because of that huge boulder of debt.

Can your borrow your way out of debt?

One way to get out-of-debt under control is to borrow money and pay off your debts. This does offer several benefits, not the least of which is that the new loan should have a lower monthly payment than the sum of the payments you’ve been making. The new loan will most likely have a lower interest rate than your existing debts – one of the reasons why your payment will be lower.

The downside of borrowing money to pay off debts

The biggest downside of borrowing money to pay off debts is that, as the old saying goes, you can’t borrow your way out of debt. If you had $20,000 in debts and were able to borrow $20,000 to pay them off, you would still owe $20,000. Plus, you would probably end up paying more in interest charges over the life of the loan because you would be paying on it so much longer. For example, if you were to get an equity loan to pay off the $20,000, it could take you 10, 15 or even more years to pay it off.

Consumer credit counseling

Another popular way to pay off debt is by going to a consumer credit counseling agency for help. There are probably several institutions near you that offer credit counseling. Community colleges, universities and credit unions often offer it. You might be able to find an agency such as the Consumer Credit Counseling Service (in our city), which is a nonprofit and does nothing but consumer credit counseling.

A debt management plan

Consumer credit counseling has several advantages. For one thing, it does not require you to borrow any more money. What will happen instead is that you will have a counselor who will go over all of your finances, help you develop a budget and work with your creditors to get your interest rates reduced. The two of you will work together to develop a debt management plan (DMP) that he or she will present to your creditors for approval. If they do approve your plan, you won’t have to pay them anymore. You will send one check a month to the credit counseling agency and it will distribute the money to your lenders.

Five long years

Consumer credit counseling can certainly be a good way to get debts under control and to eventually become debt free. However, eventually is usually five years, during which time you will need to live on a very strict budget and not take on any new revolving credit. Many people are unable to complete their debt management plans, either because they are unable to stay on a very strict budget or they eventually decide they can handle a debt management plan themselves.

Debt negotiation or debt settlement

A third way to become debt-free is through what’s called debt negotiation or debt settlement. This has become a very popular way for families to handle their debts because it’s the only option that can get debts reduced. For example, a good, ethical debt settlement company such as National Debt Relief is usually able to settle a client’s debts for literally pennies on the dollar. In turn, this usually makes it possible for their clients to become debt-free in 24 to 48 months instead of the 60 months typically required by a debt management plan.

No upfront fees

If you decide to investigate debt settlement, be sure to pick a company that doesn’t charge any upfront fees. In fact, it has been found that almost all companies that charge upfront fees are swindlers. The best of these companies charge nothing until they settle your debts to your satisfaction and present you with a payment plan that you approve.

Do you qualify for debt consolidation?

National Debt Relief
National Debt Relief

National Debt Relief is one of the largest and best-rated debt settlement companies in the country. In addition to providing excellent, 5-star services to our clients, we also focus on educating consumers across America on how to best manage their money. Our posts cover topics around personal finance, saving tips, and much more. We’ve served thousands of clients, settled over $1 billion in consumer debt, and our services have been featured on sites like NerdWallet, Mashable, HuffPost, and Glamour.

Follow National Debt Relief: Facebook Twitter Instagram Linkedin

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

"National Debt Relief has taken care of any issues I've had..."

Easy National Debt Relief Caller: Austin Transcribed WE 1/17/2021 Austin: Reminder, our call may be recorded. What led you to National Debt Relief and why did you go with National Debt Relief over another company? DEBORAH: To be honest with you, just saw the commercial on TV. Austin: Could you maybe walk me through any ways that National Debt Relief, the services they've helped you with and maybe your thoughts on the enrollment process, the ease or difficulty of that process? DEBORAH: No, it wasn't difficult. It was good. I mean, it was smooth. Everything's went well, so far. Austin: And are there any ways that the program has worked for you? DEBORAH: I have a little more extra money. Austin: And do you remember the name of-- I know you probably worked with multiple people, but do you remember the name of any of the negotiators you've worked with? DEBORAH: No, I sure don’t. Austin: But is there anything about them that has impressed you or anything your negotiators could have improved? DEBORAH: No. I mean honestly, they've all been great. With any issues I've had, they've taken care of it. It's smooth sailing so far. Austin: How would you rate your experience with National Debt Relief on a scale of one to five, where five means you would recommend and one means very dissatisfied? DEBORAH: 5. Austin: What would you tell others or friends if they were to ask about National Debt Relief? DEBORAH: I would tell them the same thing that I've been telling you. Austin: Is there anything else you wanted to share on the experience or any other highlights you'd like to mention? DEBORAH: No, I appreciate it. Austin: And would it be okay if we shared your comments, with the first name and city only, as a review on our public site for National Debt Relief? DEBORAH: Yeah, I'd rather you didn't, if you don't mind. Austin: Oh, well I can definitely respect that. And I'll tell you, if it's like a privacy thing, we can remove the name and or the city, whatever you'd prefer. It’s mainly just the comments around if National Debt Relief has worked, and the customer service, ease of the process. We could do like a Deborah from USA, if you’d prefer that or even remove the name, like a D from the USA. Whatever you feel comfortable with, that would be okay. DEBORAH: So long as there's no name and face attached, I'm fine. Austin: Of course. Okay. So like a D from the USA? DEBORAH: That works. Austin: All right. We’ll do that, Deborah. Would you like us to email you a link to that review when it's published so you could see it? DEBORAH: Yes. Austin: Reminder, our call may have been recorded.

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

Deborah Settles
ConsumerAffairs Reviews

Latest Debt Relief Posts

  • 5 Ways To Get Rid Of Your Debt This New Year
  • How A Minimalist Lifestyle Can Help You To Become Debt Free
  • Learn How To Send A Cease and Desist Letter To Creditors
  • Getting Out Of Debt: The Truth About Debt Reduction In 2018
  • How Bethenny Frankel went from Debt to Success (and a Skinny Girl Empire)
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