• 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 ReliefWhat Does Debt Relief Really Mean?
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

What Does Debt Relief Really Mean?

September 18, 2012 by National Debt Relief

Word debt being erasedHow did you get so deeply in debt? It actually doesn’t matter. It might’ve been because you lost your job or are now underemployed. Maybe you had a serious auto accident and ended up with a raft of hospital bills. The point is that you have a serious problem with debt and are praying for a way out.

It’s not very complicated

What debt relief means isn’t really very complicated. The dictionary definition of the word relief says it pretty well – ” removal or lightening of something oppressive, painful, or distressing.” If you’re seriously in debt we don’t have to tell you how oppressive, distressing or painful it can be and how much you would love to have that load of debt removed or lightened.

How to get debt relief

When I was a youngster, there was a program where one of the characters could make something magical happen by “plunking his magic twanger.” While it would be nice if you could plunk a magic twanger and get instant relief from your debt, there’s just no way to make that happen. If you are $15,000 or more in debt, it’s going to take you some amount of time to pay it back.

A debt management plan

One way to achieve debt relief is through a debt management plan. You might be able to develop one of these yourself but most people choose to get help from either a debt management company or a consumer credit counseling agency. Whichever you choose, it will probably take you as many as five years to become debt free. You’ll have to cut up your credit cards and make sure you don’t incur any new debt during that five-year period or you might end up with more debt than when you started.

Debt relief through a debt consolidation loan

A second way to achieve debt relief is by getting a debt consolidation loan. If you owe, say, $15,000 or more, this will probably have to be a secured loan. In other words, you will be required to use an asset as collateral. This will probably be your home. While a debt consolidation loan should get you a better monthly payment than the sum total of the monthly payments you are currently making, it can take anywhere from 7 to 10 years to pay off the loan. Again, you will have to make sure you do not incur any new debts during those years. You will also have to be very careful and not default on the loan because if you used your house as collateral, your lender could repossess it and you would be basically homeless.

Debt management companies

You can find companies online that offer debt management plans. This represents yet another way to get debt relief. Most of these companies are unlike consumer credit counseling firms in that they charge for their services. These charges can vary anywhere from $5 to $50 a month versus credit counseling agencies that usually provide their services free or for a very small fee. You also have to be careful and do your homework. Some of the online-based debt management companies are nothing but scam artists and will take your money but never pay your creditors. It will also probably take at least five years to complete one of these plans.

Faster debt relief

There is a faster way to get debt relief and this is through a program of debt settlement. This is where our counselors work with your creditors to have your interest rates and balances reduced. In most cases, they can get your balances reduced to just a fraction of what you actually owe. Since you will owe less, you can get out of debt faster. In fact, most of our clients become debt-free in 24 to 48 months.

If you want to get the best and fastest path to debt relief, call our toll-free number or fill out the form on the right side of this page for a free quote. It could be the smartest thing you do this year.

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

"Debt Relief"

Called and Roger Gall was so helpful. He made me feel comfortable talking about my financial debt. Roger asked me questions and filled out the necessary paperwork so that all I had to do was electronically sign. Thank you so much. This has lifted a huge burden off my shoulders.

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

Martha Shadle
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