NEW YORK – October 25, 2023 – Bankrate, a trusted personal finance brand, and National Debt Relief (NDR), the industry leader in debt settlement known for its Whole Human Finance™ approach to debt relief, announced today their exclusive partnership aimed at helping people struggling with debt and financial hardships become debt-free and achieve greater financial security. The bespoke destination hub on Bankrate will provide users with educational and actionable content, videos, tools and products to help them learn better money management skills, build their financial literacy and give them confidence to get out of debt and create a better financial future for themselves long-term. For more information, go to: http://www.bankrate.com/whole-human-finance.
Earlier this year, The Federal Reserve Bank of New York reported that total outstanding revolving debt pierced the $1T mark. That, plus the impact of higher interest rates and growing inflation over the past two years has only made things more challenging for individuals in debt. According to 2022 Experian data, the average American holds a debt balance of $101,915, which for many may seem like an insurmountable amount to pay down. CreditCards.com, sister site of Bankrate, recently found that 70 percent of U.S. adults have some form of personal debt. Further, more than 2 in 5 with personal debt (41%) think it will take more than 5 years to pay it off completely.
“Being debt-free is attainable, but it takes education and commitment,” said Richard Jordan, Vice President of Integrated Marketing at Bankrate. “We’re excited for the opportunity to join forces with NDR, combining our award-winning content, tools and advice with their transformative suite of debt relief products to arm consumers with the tools they need to succeed.”
In a recent study by National Debt Relief, 42% of people claimed they were going through current financial struggles, validating the need for more actionable financial tools and resources. Together, Bankrate and NDR aim to address these issues. The co-branded hub on Bankrate.com will align with NDR’s unique Whole Human Finance™ approach to debt relief, by focusing on a full spectrum of debt realities, including eliminating debt stigma, providing actionable advice and tools aimed at tangibly changing people’s relationship with money, and supporting and guiding people as they navigate, meet and surpass major milestones along their path to being debt free and financially secure.
“National Debt Relief has transformed the lives of hundreds of thousands of people by empowering them to resolve their debt and make smarter financial decisions that set them up for a better financial future,” said Jeff Biesman, Chief Marketing Officer at National Debt Relief. “We’re looking forward to combining efforts with Bankrate to grow our offering and reach more people who are ready to start their journey toward improved financial health.”
“This partnership is an exciting step for us to further our effort in helping people with actionable information and tools that transform their relationship with money and themselves,” said Jeff Valentino, Vice President of Business & Corporate Development at National Debt Relief. “We hope this content will help people feel empowered to be more confident and in control of their financial situations and feel more supported in the process toward becoming debt-free.”
Bankrate has guided savers and spenders through the next steps of their financial journeys since 1976. Whether it’s rates or information on mortgages, investing, credit cards, personal loans, insurance, taxes or retirement, the company offers various free resources to help consumers reach their goals. From product comparison tools to award-winning editorial content, Bankrate provides objective information and actionable next steps. Bankrate also aggregates rate information from over 4,800 institutions on more than 300 financial products, with coverage in more than 600 local markets. It’s why over 100 million people put their trust in Bankrate every year.
About National Debt Relief:
National Debt Relief (NDR) is redefining the debt settlement journey. Our Whole Human FinanceTM approach empowers, supports and guides our clients as they transform their lives by reclaiming their financial health and independence. As an accredited BBB A+ business, and named the top-rated debt settlement company in 2023 by Forbes Advisor, NDR has been recognized since 2009 for its human-centric approach to helping clients achieve financial wellness, and for helping hundreds of thousands of people resolve their debt and rediscover their whole selves. For more information, please visit: www.nationaldebtrelief.com.