Education
News
Simulator
Your Money
Advisors
Academy

Credit & Debt Debt Management

National Debt Relief Review

National Debt Relief can help to settle your debts for less than the amount you are owed.
By Holly Johnson
Updated January 13 2023
Reviewed by Margaret James
Facts checked by Katrina Munichiello

We only recommend the best products through an independent review process The advertisers don't influence our choices. We may receive compensation when you visit the companies we recommend. Read our advertiser disclosure for more info.
National Debt Relief logo
Investopedia's Rating 4.6
Request a Quote

Our Take

National Debt Relief is a highly rated company for debt relief that offers a free consultation with debt counselors who can help. The company was founded in 2009 and the firm assists consumers in settling their debts for less than they owe. When we conducted an independent review of debt relief companies, National Debt Relief earned the highest ranking for being "best in all."

Pros & Cons
The most important takeaways
Company Overview

Pros

No upfront settlement costs

Free consultation can assist you in comparing your choices

Client portal allows you to track your progress in real-time

Cons

The cost of fees can be up to 25% of your settled debt

No mobile app available with the program

National Debt Relief logo
overall rating 4.6
Request an Estimate
Table of Contents

Pros Explained
Pros and Cons Explained
Debt types addressed
Client Onboarding
Customer Service
Company Reputation
Average Amount of Relief
Average Time for Relief
Cost
The Competition
Final Verdict
Methodology

National Debt Relief is a company that offers relief through an approach known as debt settlement, which aims to help consumers get rid of the burden of debt. Through the process of debt settlement, it's possible to put aside an amount of money in a savings account every month until you're able to "settle" your debts for less than what you have to pay.

The company will pay National Debt Relief a percentage of the debts they pay and only after you have achieved results. This company claims that, even after accounting for their fees, customers can save up to 30% to 50% of their original debt at the time that the process is completed.

A no-cost consultation can assist you in deciding whether debt settlement is the best option for you.

The process of settling debts can do damage to your credit score since you'll stop making payments on the debts you owe during your program. Make sure you understand the benefits and disadvantages of debt settlement prior to deciding whether you want to take action, and then compare with several debt relief companies before making a decision.
Pros Explained

No upfront settlement fees No upfront settlement fees: With National Debt Relief, you only pay for results. The fees are calculated as a percentage of debt settled and only once the negotiation is completed.
A free consultation will help you compare your options: You are able to phone National Debt Relief to speak with a debt counsellor at no cost. The consultation will give you the opportunity to ask questions and find out what debt settlement options are best for you.
Client portal lets you track your progress in real-time In contrast to other debt relief agencies, National Debt Relief has an online client portal that lets you oversee your program and track your debt settlement process anytime of the day or night.

Pros and Cons Explained

The fees can be up to 25% of the total amount of your debt: Some of the companies that we studied independently have fees that are lower percent that National Debt Relief.
No mobile app available with the program: While National Debt Relief does have an online client portal, the debt relief service doesn't provide a mobile app that allows you to track the progress of your debt settlement program while on the move.

Types of Debt that are addressed

National Debt Relief aims to assist consumers in paying off unsecured debts, which include all debt that is not secured by collateral. Fortunately, this company has a debt qualifications page on their website , where they provide a list of debts that qualify and don't qualify. The principal types of debt they handle are listed below.
Credit card debt

If you're in debt on a traditional credit card or a store credit card, National Debt Relief can assist you in settling for less than you owe. This is the case for the most popular credit cards such as American Express, Visa, or Discover as well as co-branded cards offered by retailers such as Kohl's as well as Sears.
Personal loans and payday loans

You can also negotiate with and pay off any personal debts that you are facing, which includes personal loans from an online or bank or even payday loans. Installment loans are also eligible.
Business debts

Business debts may also be resolved through negotiations and with less debt than the amount you are currently owing. National Debt Relief says these loans are not unsecured and that they would prefer to resolve debts of businesses that have already been shut down.
Unpaid medical bills

National Debt Relief can also aid you in paying less than you owe towards your medical expenses. Negotiations can be successfully completed through doctor's offices, hospitals as well as other medical facilities.
Back rent

If you're behind on the rent you pay, then you may be capable of negotiating the amount due in arrears. However, you can only negotiate this debt if you are no longer a resident.
Private student loans

You might also be able to settle debt linked with private school loans with a lesser amount than the total amount. Note that federal student loans don't qualify to be a debt settlement.

You can combine multiple types of debt into a debt settlement program. If you're in debt from credit card debt, medical bills, and business debts, for instance, National Debt Relief can help you pay them all during your program.
Client Onboarding

The first step to begin using National Debt Relief requires you to call in to get a no-cost consultation. In the meeting with a debt advisor and debt counselor, you will discuss your financial situation and situation before determining the length of time your debt settlement process might take and the amount you could save.

National Debt Relief states that you have to have a minimum balance of $7,500 in order to be eligible for their program. You also need to be "several months behind in your payments" because creditors don't have a reason to negotiate if you're up-to-date with your bills.

If you aren't able to pay off enough debt to qualify for the debt settlement program then you may want to look into other options like credit counseling or debt management programs (DMPs) or consolidating debt loans.
Customer Service

One benefit of working with a debt relief firm is the fact that they are aware of debt collection rules and regulations both inside and outside. For example, National Debt Relief states their experts and debt counselors can guide you through the Fair Credit Reporting Act, the Fair Credit Billing Act, and the Fair Debt Collection Practices Act as you settle your debt.

This firm offers email and phone customer service. When it comes to your complimentary debt counseling, you are able to make a call to talk with an adviser every day from 8 a.m. to midnight EST, and on Saturdays from 10 a.m. to 10 p.m. Customers who are already customers can call to get help via phone every day between 10 a.m. until 8 p.m.

National Debt Relief doesn't offer an app for mobile devices or online chat service There aren't many ways to contact them for assistance than the ones that some companies offer. However, their many positive user reviews praise a quick response time and the willingness to help.
Company Reputation

The industry of debt relief has plenty of scams to deal with and that's why it is important to investigate firms before signing up for their services. One way to do this is through the Consumer Financial Protection Bureau (CFPB) database, which lets you search for user complaints among the debt settlement firms.

The company has an average of 4.7 out of 5 stars in nearly 35,000 reviews posted by users on Trustpilot.

Based on their stellar reviews and third-party rankings, National Debt Relief received the highest marks for company reputation in our independent study.

If you are unhappy regarding the services provided by the company that offers debt relief, you can make a complaint to the FTC or call 877 FTC-HELP.
Average Relief Amount

National Debt Relief states that the amount you will save is dependent on a wide range of factors. However, most people can save between 30% and 50% off their debts and these savings are realized even after taking into account the costs you have to pay for the debt settlement program.
Average Time to Relief

Debt settlement through National Debt Relief should take between 24 and 48 months that's the standard for other companies. The time required to complete your program can differ based on the amount you owe, how much you'll save each month, as well as other variables like how willing creditors are to bargain.
Cost

National Debt Relief says their average client pays a fee between 15 and 25% of the amount of debt that they have enrolled into their service. However, this fee is only due after the results have been achieved and the debt has been paid with less than the outstanding amount.

In general, their fee percentage is on the same level as industry averages.
The Concurrence
National Debt Relief Accredited Debt Relief
Year Founded 2009Year of Inception: 2009
Accreditation - Accredited with the American Fair Credit Council (AFCC)
Accredited by the International Association of Professional Debt Arbitrators (IAPDA) -- Accredited with the American Fair Credit Council (AFCC)
Non-accredited with the International Association of Professional Debt Arbitrators (IAPDA)
Services Offered Debt settlement Settlement of debt
Touchpoints for Customer ServiceFree consultation; Phone and email customer service; Online client portal Free consultation; Customer service via email and phone
Fee No upfront fees and pay between 15% and 25 percent of your debtNo upfront fees; Pay 15% to 25 percent of your debt
Average Program Time24 to 48 months24-48 months

We chose to compare the top-rated National Debt Relief to Accredited Debt Relief Accredited Debt Relief, a debt relief company that scored the second-highest rating in our independent study. Both companies received excellent rankings from Investopedia based on the quality of their service to customers, business reputation, their fees, and the services provided. Additionally, both companies offer the same program length of 24 to 48 months. They also offer free consultations and fees that fall between 15% to 25% of the amount you have paid off in debts.

That being said, National Debt Relief stands out due to their IAPDA accreditation. National Debt Relief also offers an efficient online portal to help customers manage their programs and monitor their progress at any time of the day or night.
Final Verdict

At the end of the day, there's no debt relief service that we'd recommend higher that National Debt Relief due to its professionalism, efficiency of the company, costs and fees, and the quality of its customer service. The company earned an average rating of 4.63 out of five feasible stars during our research study, while the average company only scored 3.56.

If you've got at least $7,500 in unpaid debt you hope to settle then you must reach out to National Debt Relief for a no-cost consultation. There are no upfront costs to pay, and you'll be able to discover if debt settlement makes sense without any commitment.
Request a Quote
How We Review Debt Relief Companies

Investopedia conducted an independent research that compared more than 15 debt relief firms by the quality of their service to customers, company reputation and rankings in terms of product offerings, pricing, and transparency. We searched for debt relief firms that have positive reviews and customer testimonials, as well as customer access to service, and crucial information regarding their plans that are readily available on the internet, in addition to firms that have excellent ratings from third-party sources.

Overall, National Debt Relief scored the highest rating of 4.63 out of 5 stars in our rankings and earned them the top spot as "best overall."
Related Articles
A man seated at his desk, armed with a computer and phone looks concerned.

Debt Management
Debt Settlement: A Guide for Negotiation
Note with words for debt relief on an index

Debt Management
Debt Relief Review Methodology

Debt Management
Debt Settlement Cheapest Way To Get Free of Debt?

Debt Management
What You Need to Know About Bankruptcy
6 Common Credit Card Mistakes

Tips and Tips and
6 Common Credit Card Mistakes
Anxious person looking at student loan bill

Debt Management
Do I need to make partial payments on My Debt?

If you enjoyed this information and you would certainly such as to receive additional details relating to Payday Loans Near Me (nanning2014gymnastics.com) kindly see the webpage.