We helped them reduce their debt to $21,000 and interest rate to zero. I would suggest Debt Relief Canada to anyone who is.
National debt relief program - Is it a scam in USA? Mon, 0. 3/0. 2/2. National Debt Relief Program is a debt relief plan, offered by an US based settlement company named National Debt Relief. A Debt. CC member, named istyblue. National Debt Relief sent her unsolicited debt settlement proposal claiming they are a Government agency and they can reduce the debt balance to an affordable amount. However, most of the consumers enrolled in the National Debt Relief Program have given negative feedback about it in the Debt. CC forums and said that the company fails to deliver what they promise. To know more about National Debt Relief Program, check out the topics given below: How do people review National Debt Relief Program? According to some consumers, National Debt Relief Program is a scam. Customers feel that the program is all about settling unpaid dues for less than the original balance. They say that anyone joining the program is asked to stop making payments before the company starts negotiating with the creditors. However, the negotiations don't begin until the customer accumulates enough funds for the settlement. This hurts the customer's credit scores big time. Here are some observations that consumers made about the program: A way of making money: A poster in the Debt. CC forums claims that National Debt Relief Program is a scam. He says that the company offering the program does little to reduce the debt payments; rather they are more concerned about making money. No written document: A person says that the company does not provide you with any written document. So, you are unaware of whether there has been any agreement between them and the creditors. He feels that when you have no written agreement, you can do nothing if you end up being sued by the original creditor. Misjudged as Government agency: Some customers say they misjudged the company as a government organization. However, the company bears no connection whatsoever with the National Debt Relief Stimulus Plan which is a government- backed program offered to those who are struggling to pay their bills. Neither does it have any connection with National Credit Relief Agency which is a financial counseling company. Know more. Has anyone had any good experience about this program? Some people say that they've really benefited from the National Debt Relief Program. A few of those experiences are given below: The program is helpful: A customer claims that the program really helped him in settling the debts. National Settlement Services does not believe that it has a pattern of complaints. You enrolled into our no advanced fee debt relief program. He says that he was able to settle debts worth $8. He also stopped getting calls from creditors after he enrolled in the program. He claims that the program helped him increase his credit scores even up to 6. The company is reliable: Another person says that the company supposedly offering the National Debt Relief Program, has a B+ Rating with the BBB and is a memeber of TASC, USOBA and IAPDA. He says they are not a scam company in any way. They actually negotiate with your creditors and help you get rid of debts. Check out in detail. It's important that consumers do research thoroughly about any debt relief company prior to enrolling in their program. They should check the licensing status, accreditation and consumer feedback before going for programs like the one offered by National Debt Relief. Posts: 6. 9Credits: 2. Unfortunately the Judge rejected it and now I am expected to pay that amount. How did it end up being so high, mean test, I was informed. Well, I am at the risk of it being dismiss because I am only sending in the money I can afford. I received a letter in the mail from National Debt Relief (Settlement Company) claiming they can reduced my payment down to what I can afford. Information on Student Loan Forgiveness plans and Federal Student Loan Consolidations. In this repayment program. They claim they are a governmental agency and advise me to stop sending money to the Trustee and enroll into their program. Have anyone heard of National Debt Relief Plan? National Debt Relief Review 2. PROS /. Average reduction rates, after fees, are higher with National Debt Relief than other companies' rates. Debt consolidation helps you achieve more manageable monthly payments at lower rates. National Debt Relief helps its clients in difficult financial situations by working with creditors in attempts to lower their total debt. Because of the services National Debt Relief offers and its low fees, this debt consolidation company is our Top Ten Reviews Gold Award winner. National Debt Relief provides debt relief services and provides additional resources and counseling to help you avoid repeating the situation. Though this company works to help you manage your debt, it does not want repeat customers, so it aims to help you find solid, financial footing. Cost & Fees. This company charges around 1. This means that your overall reduction is debt is around 3. While this is a great reduction in debt, the consolidation process takes time and is not an instant fix. Debt consolidation companies cannot charge advanced fees due to the FTC regulations, and National Debt Relief complies with this rule. Additionally, it doesn't charge monthly account maintenance fees that other companies on the lineup charge. On average, programs with this debt consolidation company take between two to four years. While other companies might advertise shorter terms, National Debt Relief is well within the industry average timeline. Furthermore, it is important to keep in mind that the length of your program is specific to your financial situation and the amount of money you can dedicate to paying your creditors. The information a company presents on its website, via email and over the phone is important for selecting a debt consolidation company. It is significant when a company gives consistent information about its programs across multiple platforms. On the company website, National Debt Relief thoroughly explains the severity and consequences of debt relief programs, including debt settlement, debt consolidation and debt management programs. While this may turn some people away, it is commendable for a debt consolidation service to lay out the hard truths so you know what you are getting into. This service also reveals the imperative legal information about the process, including average debt reduction, fees incurred during the program and your consumer rights. While you will work closely with your personal advisor, you can also manage your account online and through the mobile app. Eligibility & Application. This company keeps its service fees low so that savings from your consolidation go to you rather than to paying fees. National Debt Relief has a minimum debt requirement of $7,5. This $7,5. 00 can be comprised of unsecured debts, such as credit cards, medical bills and other lines of credit. However, student loan and payday loan consolidation are often exempt from this program. To begin this process, fill out the online email form and a debt specialist will contact you. During your consultation, you go over your debt relief options, the requirements that must be met for a debt consolidation program and time requirements. If you decide to enroll in a program, you will make one low monthly payment to a personal account. Funds from this account will then go to paying off your debts. It is imperative that throughout the program you understand that you are still liable for your debts. Your creditors have no obligation to work with you or National Debt Relief and are still within their rights to make collection calls or even sue you. Customer Experience. Additional resources provided by National Debt Relief are designed to help you manage your debt and budget for the future. While a consolidation plan can help you get out of debt, you need more tools to ensure you do not go back into debt. The company website provides a glossary, which defines common jargon in the debt consolidation industry. You can also read the FAQs page to get a more solid idea of the debt consolidation process, risks involved and its effects of your credit score. If you need further support, you can contact customer service over the phone or through email. However, in our tests, National Debt Relief was slow to respond to email inquiries we submitted. Company Accreditations. This debt consolidation company is both IAPDA and AFCC accredited. While it is missing a USOBA accreditation, it is still a very reputable company. The IAPDA provides training courses and certifications for professional arbitrators. The AFCC surveys companies to ensure they are upholding the FTC regulations and not in violation of any laws. Neither of these companies is a government body; however, each is known for promoting best practices within the debt consolidation industry. Summary. National Debt Relief is one of the top debt consolidation companies. It charges average fees for services and has high success rates in negotiations. The company website provides great information in its FAQs, videos and budgeting resources. These resources are a solid addition to your debt consolidation program and help you map out your financial pathway.
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