National Debt Relief states that its average customer pays a fee of 15 to 25% of the amount of debt enrolled in its program. However, this fee is only paid once the results are obtained and the debt has been settled for an amount less than the amount due. Overall, their commission rate is on par with the industry average. In exchange, you'll pay a fee to National Debt Relief for your services.
The fees are included in the amount you deposit into your dedicated savings account. The fees vary by state and range from 15% to 25% of the total amount of the registered debt. That's similar to what other debt relief companies charge. We do not charge fees until you approve the resolution agreement and your debts are settled.
There are no registration or cancellation fees and there are absolutely no obligations: you are in control. Once the debts are settled, the average customer usually pays a commission of 15 to 25% of the total debt recorded as part of their monthly payment. And if we can't pay your bills, you don't pay us. National Debt Relief is paid when you can get debt settlement.
The fee ranges from 15% to 25% of the total amount of debt you enroll in the program. The amount you'll save can vary and debt settlements aren't guaranteed. This is something to keep in mind if you decide to go ahead with the process. National performs a gentle credit assessment during the application process to verify the creditors and outstanding balances due for each debt.
If you're among people who are starting to feel overwhelmed by their debt balances, a debt relief company might be able to help. National Debt Relief specializes in debt negotiation, which is also known as debt settlement or resolution. The company estimates that it takes customers at least 24 to 48 months to get out of debt if they follow their debt repayment plan. There are some debt relief scams out there, but National Debt Relief is a legitimate company that has been in business for more than 11 years.
The new debt should have a lower interest rate, which can make payments more manageable and help you pay it off faster, while avoiding ruining your credit. National determines the monthly payment level, which is generally lower than the total monthly payments of customers' unsecured debts. Consumers who complete their debt settlement program reduce their registered debt by an average of 23% after paying their fees, according to the company. National Debt Relief doesn't “ruin” your credit, but the debt settlement process could affect your credit.
Debt relief companies offer solutions for people who have substantial debts and need help taking control of their finances. We cover most unsecured debts* and negotiate every day with major credit card issuers and banks to reduce debts. These fees are in addition to the amount you deposit into a secured savings account each month while your debts are being negotiated. Your debt expert will help you decide the best plan of action based on your current financial situation.
The company acts as an intermediary between you and your creditors to negotiate settlement agreements, so you can get out of debt faster.