All About National Debt Relief – The Good And The Bad
All of your unsecured debt can be wiped clean off your record with one simple phone call to National Debt Relief. National Debt Relief is a reputable debt negotiation company that is recognized all over the country, and is in fact one of the largest in the country. The company specializes in debt negotiation and negotiating settlements for people who owe thousands and thousands of dollars to various debtors. Not only does the company provide help for people by reducing their debt, but also help you formulate a plan as to how remaining debt should be managed after all or most of your debt is wiped clean.
The truth is Americans are bad at managing their money. One-third of Americans only have $1,000 in retirement savings, according to the Employee Benefits Research Institute, and about 30 percent of Americans say they have more debt in credit cards than they have ready to use in savings, according to a survey conducted by the respected financial news website BankRate.com.
The problem most Americans face is that they were not educated fully on how to manage their finances. When someone finally realizes how they should approach managing their finances it becomes too late, they are usually already in an insane amount of debt and feel overwhelmed to the point where they refrain from taking any kind of action. The truth is taking action sooner rather than later will work in your favor, primarily because the quicker National Debt Relief gets in touch with your debtors to resolve your outstanding balances, the better chance there is at negotiating deals in your favor to reduce your debt to nothing or to as low of an amount as possible.
Ahead you will learn the good and the bad that comes along with working with National Debt Relief. Both the good and the bad are outlined so that you can make an informed decision that you will feel comfortable with in the future. It always works to your benefit to make an informed decision, as opposed to one that you are only going to regret at some point in the future. Good news is that if you are in massive debt National Debt Relief can help make your life a whole lot easier.
Debt relief comes with a variety of positive aspects that you need to take into consideration when making final judgment on whether or not to allow National Debt Relief to assist you with your financial problems. The good aspects of what comes with the services offered are all listed ahead and reviewed in detail. From stress being lifted off your shoulders to the low cost charged in comparison to other debt relief companies, you’ll learn all the positive aspects that come with getting help from National Debt Relief.
Overdue Debt Is Eliminated
Tired of having medical bills, personal loans, business debt, collections and judgments, and repossession debt from plaguing your life? These are all the types of debt reductions you can receive assistance with. Unfortunately, there is no mortgage relief provided; yet you can still receive help in other areas to help make breathing room for you to pay all your other bills.
When you have no debt or next to no real debt your options in life begin to grow. Now you can start saving to help prepare yourself for any unexpected bills that come your way. Additionally, you have extra money to pay off all remaining debt. Best of all, you can save to plan trips so that you can enjoy life and travel from time to time.
The beautiful thing about National Debt Relief is that not only can your medical bills and loan debt be extinguished, but you can get help with your student loan debt as well. Student loans plague the majority of college graduates; the average amount of debt for students with loans is $29,400, according to a study conducted by The Institute for College Access & Success. Therefore, by paying off approximately $30,000 or more of debt most of the stress of managing your monthly payments vanishes.
Your Stress Vanishes
Studies have linked stress to health detriments such as high blood pressure, insomnia, and a variety of other issues that need not be present in your body or life. By eliminating most of your stress and allowing your body and mind to move forward with life you will help ensure that you live a healthier life. Debt relief doesn’t eliminate all of the stress in your life, but it can lift a significant amount and make you feel much happier as you go about your business every day.
Low Cost Helps Give You More Relief
There is no sense on eliminating your debt elsewhere only to add stress on your shoulders because you have to figure out how to pay back the people who helped you reduce your debt. National Debt Relief only charges a fee anywhere from 20 to 25 percent of your enrolled debt, or the debt we help you eliminate. Basically, your debt is reduced for a fraction of the cost you would originally pay back to all of your debtors.
You Get Improved Finances
When you don’t have to make hundreds of dollars in minimum payments each month, you will have a better debt to income ratio. This can help you buy a house or car once you are debt free. Not to mention hundreds of dollars more in your bank account that you’re not sending to your creditors. You can afford to pay cash instead of borrowing from your credit cards anymore.
Receive Assistance From True Professionals
National Debt Relief provides you with a great deal of confidence in allowing you to work with professionals who have not only helped thousands and thousands of individual cases, but by having awards and the recognition to back it up. National Debt Relief has received an excellence review in 2014, a 2014 Gold Award for Best Overall Debt Relief Company, a Five-Star rating in 2014, and an award for Top Consumer Reviews’ Best Overall Debt Relief Company. Additionally, National Debt Relief is a member of the U.S. Chamber of Commerce, is part of the International Association of Professional Debt Arbitrators, and holds membership accreditation with the American Fair Credit Council and the Better Business Bureau or BBB.
Damaged Credit For Several Years
Depending on your debtors, your credit could still have negative marks on your report for several years. Having negative marks on your credit history can limit your options when attempting to open other lines of credit. In the immediate future after your debt is reduced and a plan is formulated to pay it off you may want to refrain from attempting to open other lines of credit, but after at least one year you should be ready to open a new line of credit as long as you have maintained a positive history with paying and managing your debt and credit.
Overall, while your credit will still be negatively impacted, it is still more beneficial to go through a debt negotiation plan as opposed to filing for bankruptcy or dealing with debt consolidation loans. The marks on your credit report that appear as a result of reducing your debt with National Debt Relief compared to any other entity will be much less than it would be elsewhere, that works in your favor as you will be able to open new lines of credit sooner.
Not All Debt Can Be Forgiven
One bad thing you are going to have to come to terms with no matter which kind of debt relief company you work with is that only unsecured debt can be forgiven; therefore you are still obligated to pay back secured debt. Unsecured debt involves things such as credit cards, medical bills, and things of that nature. Secured debt falls under categories such as home mortgages and auto loans.
It may appear bad that your secured debt cannot be eradicated, but no debt relief experts can help you in this area. What separates National Debt Relief from other debt relief entities is that the company helps individuals with student loan debt. National Debt Relief may be able to reduce your student loan payments and get you better repayment terms with the Department of Education. Contact a representative to see if you qualify for some type of assistance in regards to your student loans.
Bad Debt Can Mean Higher Interest Rates
For a period of time after your debts are forgiven you will notice negative marks on your credit history. Having bad marks on your credit report soon after your debts are eliminated is naturally and inevitable. There is almost no way to remove negative marks from your credit history, so you are going to have to live with them for some time. The problem is these negative marks are going to leave you with poor credit for a period of time. Compare that to struggling to make minimum payments on your credit cards for many years, wasting thousands of dollars on high interest charges and fees.
Having bad credit is only a concern if you are planning to borrow more money in the future after you have become debt free. Do you really want to go back into debt after you have just become debt free and all the stress and sleeplessness it caused?
Bad and poor credit means you will have to deal with higher than average interest rates. When you open a new line of credit such as a credit card, auto loan, or personal loan you will notice that the interest rate you are given is a bit high. Because of this it is important to pay close attention to all of your bills and to manage your money wisely.
As you manage your lines of credit with high interest it would be wise to pay off more than your minimum payments every month. Paying back just the minimum of what you owe every month ultimately results in you paying back an insane amount of money to your debtor throughout the life of the loan. Instead, your plan of action should be to pay back more than what you owe so that you are contributing a significant amount towards your principal balance.
As you see there are a few bad aspects of going through National Debt Relief, but receiving any type of debt relief is going to have its downfalls with any company. What works to your benefit is the fact that National Debt Relief provides services that no other debt relief company can offer; also, the company can help reduce your debt without causing you to pay much or go through a big hassle.
Services National Debt Relief Provides
To gain an understanding as to how National Debt Relief provides help, here is an overview of what actions are conducted with each program. Read in detail how you can receive help with debt settlement. By knowing what each service entails, you understand what to expect as we help you.
Traditional loan debt negotiation is the primary focus provided. These types of debts involve negotiations being made on your behalf with your personal lenders, credit card companies, and other basic financial entities where you may owe money. Note that all of your debt may not be able to be eliminated, but the majority of it can be taken away to allow you to breathe more financially.
National Debt Relief looks into all federal and state laws that apply to the amount of debt you hold to come up with a plan on how to destroy or eradicate most of your debt. Working with another company does not guarantee that the maximum amount of debt that you owe will be gone, and that can leave you with a lot of wasted time.
Remember, National Debt Relief does not operate in every state. Consult with an expert to learn if services are provided in your state. With that being said, debt relief is provided in most states and when it is provided the fullest extent of the law is bended and applied in your favor to help you.
Services Not Provided
On one spectrum National Debt Relief provides a variety of solutions to help you reduce and in many cases eliminate your debts fully. This is not always the case as there are some debts that need to be paid back, no matter your reason for failing to be able to pay them monthly. Before you get into contact with a member of our team, review the types of debt that cannot be forgiven so that you do not waste valuable time.
Here is a list of the following types of debts that you cannot receive assistance with through National Debt Relief: auto loans, mortgage loans, cash call loans, child support, personal loans from your current bank, back taxes, speeding tickets or infractions, back rent or cell phone bills, car repair bills, high cash advances, attorney fees, bail bonds, warranty contracts, AAFES, STAR, or USAA military cards, or Rent-A-Center bills. The list is a bit more extensive than that, speak to a representative or visit the website directly to learn more about the types of loans that you can get help with. All that is required to get started on the process is to either place a call, or to fill out a quick application online so that a determination can be made to see whether or not you are eligible for debt relief.
Conclusion – You Have A Decision To Make
At this point in the conversation you have a choice to make –
A. Keep doing what you’ve already been doing.
Keep struggling to pay the minimums on your credit cards for many years so you can keep your good credit rating because you’ve been told to never hurt your credit rating.
B. Use debt negotiation to resolve your credit card debt.
Get out of debt in 24 to 48 months and improve your debt to income ratio, have more cash in the bank and reduce your stress levels and sleeplessness.
IMPORTANT NOTE: If you have missed a payment or two, your credit score will have already taken a hit and the negative effects of debt negotiation will not be as severe.
If you choose B, keep reading:
Contact National Debt Relief in order to receive a free debt relief quote. There is no question about it that you are probably feeling a bit insecure about speaking with someone else about your finances and the debt you carry. The truth is there is no shame, fear, or doubt that should cloud your judgment. You know more than anyone else the amount of stress your debt is causing in your life.
Imagine all of that debt being wiped clean, and for good. What may sound like a dream come true can very well be a reality for you in the near future. National Debt Relief can help guide you in the right direction when it comes to managing your finances. The unbearable monthly debt can become far more manageable, allowing you to actually save money with all the money you make on a monthly basis.
Focus on other obligations that you have in life while National Debt Relief manages your outstanding balances. You are not required to spend a great deal of time figuring out how to eliminate your debt, that is our job. Your job is to focus on working and ensuring that you will have a nice and promising future ahead of yourself. Many other companies will still force you to dedicate time towards moving on in the debt consolidation process, but the company does their jobs efficiently so that you do not have to think about much else other than what to do with your extra money.
Not only can your debt be relieved and your stressed significantly reduced, but also your future has an unlimited amount of options once you have no more credit card debt. Think about it, in just a few years you should be able to open just about any line of credit (provided that you have maintained good credit and saved a considerable amount of money). You will be matched with a specialist who will review your individual case and situation, and formulate a plan to help contacting all of your debtors one by one in order to start on the debt relief process. Eventually all or the majority of your debt will be gone, and that will allow you to devise a plan to pay off your remaining balance and continue on with your life.
national debt relief company
September 25, 2014 at 11:44 pm by admin
Today, most of us are making use of credit cards for making purchases. Therefore, credit card debts have quickly piled up as well. Making the right choice of the credit card debt relief company can turn out to be quite a cumbersome procedure if not pursued with due care.
Here, we present you the Top 5 Credit Card Debt Relief Companies, so that it becomes easier for you to zero in on your preferred debt relief company, if at all you need their services.
1. Golden Financial Services
Golden Financial Services was selected to be the number one company on this list after an outstanding performance over the last three-years. Their website was featured for this article and we recommend the public visit it to learn more about debt relief options in the United States.
Offering a range of comprehensive debt relief programs, Golden Financial Services has been setting new paradigms of client satisfaction for a long time. In the United States of America the interest rate on credit cards oscillates between 14 percent to 15 percent. This is something definitely high and if you are paying something in this category or higher then you should resort to effective debt advice in order to bail yourself out of your current obligations with ease.
Consumers can also start by simply using the credit card debt payoff calculator offered by Golden Financial Services. This debt calculator free tool will show a person how long it will take for them to pay off their unsecured and credit card debt when utilizing a credit card relief program, making the minimum payment, or paying more than the minimum payment.
One of the best attributes that makes Debtmerica stand out amongst scores of other debt relief centers in America, is the wealth of information offered on their website. You seriously are not required to provide your personal details in order to get all this information. Most of the other service providers out there will require you to provide personal details upfront. Debtmerica steers clear of such practices diligently.
You May Resolve Debt in as little as Twenty Four – Forty Eight Months.
Low Monthly Payment & No Upfront Fees
Learn about the Debtmerica Debt Relief Program Here
The Company has earned a name for itself when it comes to protecting clients from bitter harassment from creditors. You can avail its spectacular feature of call log provided on their website. Whenever you receive a collection call or a notice then you can record the relevant details of the conversation or the written material on this “call log” feature. These details come handy when the company negotiates with the creditor. National Debt Relief – Resolve Your Credit Card Debt Problems, BBB Accredited Business – Get Relief From Unsecured Credit Card Debt.
Offering debt consolidation and debt settlement services, the firm offers you the scope to explore the diverse debt relief options. Secure a free consultation as well. Since 2000, CuraDebt has been helping individuals and small business owners find peace of mind and solutions to the stress of financial challenges. With over 13 years’ experience, more than any other company in the industry, the CuraDebt counselors are in a perfect position to listen, understand, and make recommendations after having a clear understanding of your situation. Our goal is to help you achieve your goals as quickly and as easily as possible
No matter how difficult it seems to pay off present debts, please remember that bankruptcy is always the last resort. Get in touch with Oak View Law Group when you are seriously considering bankruptcy. Its debt specialists can really help you with settlement negotiations once you open a special account with them. Their qualitative range of services is backed by the expertise of trained attorneys, who will guide you ably through the complex process. As a potential client, one can easily rely on its affiliations related to online privacy protection as well as to the specialized employee training (from International Association of Professional Debt Arbitrators)
Disclaimer: Finance Product Reviews is an independent website. Although we may have advertisement relationship with financial institution we review, they do not influence our decision or rating of products. Contents of this site are not provided by any financial institution, banks, brokerages or credit card issuers. Opinions expressed here are author’s alone and are not reviewed, approved or otherwise endorsed by the product owners.
Top 5 Best Debt Consolidation Companies | 2017 Ranking & Reviews
Finding the Top 5 Best Debt Consolidation Companies
Finding yourself in overwhelming debt can make you feel like you’re out of options. Bills may seemingly pile higher and higher, and the pressure can result in lack of sleep and debilitating anxiety.
If you find yourself falling behind on credit card payments or stuck in the cycle of merely making the minimum payments every month, you might want to consider researching debt relief options in the event that those options appeal to you.
Making minimum payments on a credit card can be a terrible cycle in the long term as you potentially spend thousands of dollars and see no difference in your balance. Debt may have mounted for a number of reasons: perhaps mismanagement or the result of an unforeseeable medical or family emergency.
Whatever the reason, getting out of debt will likely require strict planning and discipline. You may be able to manage this responsibility on your own, or working with a professional may appeal to you.
Best Debt Consolidation Companies Reviews
This list of AdvisoryHQ’s best debt consolidation companies reviews five separate companies. These companies may offer further debt management services, such as debt settlement and credit counseling.
This review of the best consolidation companies is not intended to be used as financial advice, and you should do thorough research before making any financial decisions. It is also advised that you speak with a financial advisor to learn more about your options, what course is best-suited for your circumstances, and to be sure that you are working with a reputable debt consolidation company.
Be sure to review the websites of each of these top debt consolidation companies. Some of these top rated debt consolidation companies may offer services other than debt consolidation.
Award Emblem: Top 5 Best Debt Consolidation Companies
List of the Top 5 Best Debt Consolidation Companies
List is sorted alphabetically (click any of the names below to go directly to the detailed review section for that firm):
Debt Management or Debt Relief Services Defined (Debt Consolidation Companies Reviews)
Debt management refers to a collection of services that assist people with taking charge of overwhelming debts, commonly accrued over years and due to various creditors. If you are drowning in overwhelming debt, debt consolidation companies may potentially offer some useful options or help you set up a plan to better approach your obligations.
The companies may contact your creditors and attempt to negotiate a better rate for repayment. If a credit company is amenable to negotiating, the debt relief company may be able to negotiate your payments down or into a single monthly payment. Keep in mind that creditors do not have to negotiate debts at all and have a right to insist upon the full amount as originally owed if they so choose.
Of course, such options are not quick-fix, easy solutions. Your credit score may take a negative hit for utilizing debt management services, and you’ll remain responsible for most of the original debt accrued.
For some people, the benefits of working with a debt consolidation company may outweigh the adverse consequences. There are other options available as well, such as bankruptcy or paying the debt down as is. You’ll need to do your own research or consult a financial advisor to determine which option is best-suited for your needs.
A debt management company generally offers a selection of services that consumers may choose from, depending on individual needs and goals. If you decide to work with a debt consolidation company, consider consulting a financial advisor to determine which service aligns with your needs.
Though services vary, debt management companies typically involve the following three services below.
Debt settlement may be undertaken by a consumer or through a debt settlement company. If done by a consumer and not through a debt settlement company, the consumer will call the credit company and request a debt settlement in an attempt to lower the debt.
Companies may be willing to settle with debtors for a lower amount than the full obligation because the company otherwise risks having the debtor default on the amount. Some companies would prefer to get some of the funds rather than none.
This process is not guaranteed to work for all debt, and there are some downsides to negotiating yourself rather than working with a company. Going at it alone may, however, eliminate some fees that apply when working with a company, so the choice depends on your particular needs. Do some research or consider consulting an advisor.
Working with a debt settlement company means that the company will contact creditors on a debtor’s behalf to negotiate a lower debt amount. The debtor will place funds into a separate bank account on a monthly basis while a representative negotiates the total debt obligation. This separate bank account lets your creditors know that you’re serious about paying off the debt and that funds for settlement do exist.
Upon settlement, the funds from the separate account go towards paying the debt owed as well as the negotiation fees. Programs are commonly long term and typically run from two to four years, although every situation varies.
Remember to keep in mind that not all debts are eligible for settlement, and typically only debtors with financial hardships are eligible for a debt settlement. Additionally, in some debt settlement agreements, the agreed-upon settlement amount is due as a one-time payment.
Debt consolidation programs involve lumping debt together and taking out a loan to pay off the separate types of debt. The debtor would then pay off the one loan rather than each separate debt.
A debt consolidation company will likely attempt a debt settlement prior to the debt consolidation to lower the outstanding debt and, thus, the new, consolidated loan. Debt consolidation loan companies may target services to lower the interest rate of the outstanding debt or might target the debt amount itself. It depends on the particular program.
Debt Management or Credit Counseling:
Debt management programs involve financial counseling and may involve negotiating with creditors for lower interest rates. Such programs often combine credit counseling and education as well.
However, some companies use the term “debt management” as an umbrella term to refer to programs more similar to debt settlement or debt consolidation, so be sure to understand the full terms and conditions of any programs offered by these companies.
Other options may be available to you as well. You might consider contacting a few different companies before initiating a program, or discussing your situation with a financial advisor.
Typical Eligibility Requirements (Debt Consolidation Companies Reviews)
Not all situations are a match for a debt management program.
For example, with many programs, potential clients must also be able to demonstrate a financial hardship before a company will work with them. This is because credit companies are unlikely to negotiate debts down if they think you have the ability to pay them in full.
Also, certain states have different laws. Some companies do not operate in particular states, so you’ll want to check your state’s eligibility if you are interested in working with a company.
Further, not all debts are eligible for settlement or consolidation. Debt may be secured or unsecured. Secured debt means that some tangible item is attached, such as a home or car loan. Unsecured debt means that a tangible item is not attached, such as medical bills or credit card debt.
Discuss with a financial advisor to determine which type of debt you are working with. Be aware that not all debt types are eligible for debt settlement or consolidation.
Top 5 Best Debt Consolidation Companies