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Is National Debt Relief Safe to Use? — an article on the Smart Living Network
November 20, 2018 at 7:38 AMComments: 0 Faves: 0

Is National Debt Relief Safe to Use?

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Is National Debt Relief Safe to Use?

Debt relief is a solution for individuals who are heavily in debt. When there is no other foreseeable option for paying back what you owe regardless of your situation, debt relief is one of the best things available. National Debt Relief is one of the best-known debt settlement companies in the United States and is one that you can rely on to relieve your burden of debt. Its important to check National Debt Relief reviews if you are concerned about whether the company is safe to use for its service.


What is the Eligibility of Using National Debt Relief?


In order to be eligible for National Debt Reliefs services, your debt must at least be $7,500 and up to a maximum of $100,000 in unsecured debt, whether from credit cards, personal or student loans, medical bills and more. Additionally, for each account you enroll into, there is a minimum requirement of $500. However, if you dont meet the minimum requirements, the company may refer you to a credit counselor so that you can gain valuable insight into how to better manage your debts. On average, clients of National Debt Relief have around $20,000 in debt.


If you have debts from back taxes, mortgages or home loans, lawsuits, car loans or any other type of secured debt, you are not eligible for National Debt Reliefs services. There are also state regulations that make it unavailable in Connecticut, Georgia, Kansas, Maine, New Hampshire, Oregon, South Carolina, Vermont and West Virginia.


Is National Debt Relief Safe?


National Debt Relief is a safe and legitimate company from which to get debt relief services. It has been accredited by the Better Business Bureau since 2013 and has an A+ rating as well. In addition, the company is accredited by the American Fair Credit Counsel, which audits debt settlement companies to ensure that they fully comply with FCC guidelines. National Debt Reliefs customer service representatives are also trained and certified by the International Association of Professional Debt Arbitrators.


What are National Debt Reliefs Costs and Fees?


Generally speaking, National Debt Relief does not charge any upfront fees, but the fees you pay for its services are based on the amount of debt settled. On average, the company can reduce enrolled debt by approximately 49 percent and fees tend to range at around 15 to 25 percent of the amount settled. These costs are separate from the settlement itself.


Overall, the debt settlement program through National Debt Relief can last anywhere from 24 to 48 months. Your credit score will be affected when you enlist the company for help to settle your debt, but that rings true for any debt settlement company. Additionally, because National Debt Relief suggests that you give your contact information to creditors and collection agencies once you enlist it for its service, you will start getting calls from the latter.


How Does Debt Settlement Work Under National Debt Settlement?


When you choose National Debt Settlement as the company to settle your debt, you are required to open a new savings account, which is where you make deposits on a monthly basis instead of paying back your creditors. Of course, this will cause your credit score to decrease as your accounts become delinquent. National Debt Relief determines the amount you must pay each month. Generally, this amount is lower than what you would normally have to pay back to your creditors.


From there, National Debt Relief gets in contact with your creditors to negotiate a lesser amount for you to pay back. Generally, at this point, creditors are more likely to agree to this because they want to be paid back something rather than nothing. When an agreement is reached, the money you put into the savings account is paid to your creditors either in installments or a lump sum.


Overall, National Debt Relief is a reputable debt settlement company that can greatly help anyone who is struggling with debt of at least $7,500. It also boasts a higher average debt reduction of many of its counterparts, which makes it an attractive option for getting out of debt.


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