Is national debt relief legit reddit. A friend of mine did debt consolidation.

Is national debt relief legit reddit One thing you can try is to consolidate into as few accounts as possible, then after the debt relief is done, use something like Lexington Law to try to get the defaults removed. You are defaulting on these debts. What I need is a pointer to some trustworthy sources of info, which Reddit ain't :P Thanks! Edit (since I'm seeing some recent upvotes): I talked to financial counselors at both of my credit unions, which was a great first step. Debt Management Plans (DMPs): DMPs can negotiate lower interest rates, simplify payments, and potentially improve your credit score over time. At this point you would actually have bargaining power with your creditor if you did this on your own. The company has been in business since 2009 and is one of the largest debt relief companies in the United States. The organization also settled I had a very pleasant experience with Consolidated Credit and them helping to settle my debts and reducing/condensing payments and my credit score has since bounced back. Freedom debt relief can work up a plan where I pay $200/month for two years, and I can afford to pay that steady rate instead of the minimum amount which keeps rising. I tried applying for debt consolidation loans but my credit is currently worse than ever in the 550-590 range so I didn't qualify. reReddit: Top posts of June 23, 2016. These is absolutely nothing they can do that you can’t do on your own. Sounds and seems pretty legit, the only detail that has me a bit uncomfortable is they are wanting me to stop making payments for 4 months to show hardship. Find a reputable bankruptcy lawyer and see if they can help. The Consumer Financial Protection Bureau has a good description of the differences between a debt management/credit counselor and debt relief/settlement companies. These places are legit versions of what National Debt claims to do. It's not really a huge difference in cash flow, but I need the breathing room. It's crucial to assess debt relief options carefully. Most of my cards are currently in the zero interest period. Please don't use National Debt Relief. At least explore if something like this The Reddit Law School upvotes · comments. 50hr and i currently owe $53k in debt in a loan that i had Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. helped over 550,000 clients resolve over $11. I get hounded by email constantly for National Debt Relief however from what I understand, I can do the same things that they do myself. All while the “company” tries to negotiate for you - I understand that these are some of the steps to allow negotiations with the bank/creditor and the debt relief company to start. What are my best options to pay this off? Is bankruptcy the way to go, debt relief program (which often sound too good to be true) or just pay up the debt and incur the interest costs. I haven’t really heard anything from them since the start and don’t know what I should be doing. Good read, and pretty much lays out why almost every debt relief services out there in general are scams. Of course they charge a fee, they are providing a service. there needs to be a clear paper-trail for the debt to be collectable. C. You may want to try a debt management/credit counselor non-profit company to possibly help. BBB Accredited since 2/5/2013. Join our community, read the PF Wiki, and get on top of your finances! Members Online Get the Reddit app Scan this National Debt Relief Reviews: Is it legit or scam? I'm considering using National Debt Relief to help manage my debts, but I'm a bit cautious. I called national debt relief, they basically told me I would have to put $125 from every paycheck into an account for the next four years. com find National Debt Relief and Freedom Debt Reliefare popular debt settlement companies that offer free consultations and negotiate with creditors on your behalf to lower your debt. Founded in 2009, National Debt Relief has assisted consumers with unsecured debts for 15 years. If you want to go down that route, you might as well call a certified (non profit) debt councilor first. I am skeptical, but the quote I received/the conversation I had with one of their representatives seemed pretty legit. The amount that the debt relief company quoted was that I pay $1000 per month which is actually very doable for me for 4 years. Unofficial subreddit dedicated to the England Women's National Football Team and its former and current players, commonly I had a friend recommend National Debt Relief which worked well for them. If I go this route I intend to call 1-2 more companies aside for comparisons in any case. Effectively all of them wanted me to stop paying my credit card so they could negotiate with the company for a lower lump sum payout. They will tell you to stop paying, your credit will go to collections, then NDR will negotiate the rest. They negotiate your debts down to about 50% of what you owe, plus, you don't pay anymore interest. She started with 3 debts totaling $10K and one has been paid off. If you have any doubts or concerns, don't hesitate to reach out to me directly. Paid down most of my debt during this time. Reddit's hub for advice, u/OkEgg9180 - This message is posted to all new submissions to r/scams; please do not message the moderators about it. Helping you become consumer debt free. I'm not going to take any direct recommendations for a debt counseling or debt management company. Now, in most cases your debt become a "non-performing asset" after 120 days of non-payment. Is National Debt Relief a good way to go? Paying 20-25% of my total debt owed to them in fees doesn't really seem like it will help me out in the long run. I called a few of the legit debt relief programs that are from non profit companies, but I wasn't impressed. In the hopes that your payment will be lower than what you actually owe. I don't know much about debt relief companies but in my opinion, god no. A friend of mine did debt consolidation. I’d call credit counseling and talk to them about the problem. Its longevity and high number of clients are positive signs of its legitimacy and trustworthiness. Among these companies, National Debt Relief (NDR) is one of the most well-known and widely used. Of We would like to show you a description here but the site won’t allow us. They provide terrible financial guidance and advice and put you in a much worse position then you would have been before signing up. I got connected with this company through them. Or check it out in the app stores     TOPICS. My car payment is also 0% interest. Regarding the debt relief company - this is how they work. The first two were exactly the same procedure: they guarantee they can reduce the amount to 40%, but they charge a 25% fee on top. Do not use any debt relief company, try anything but NDR. At this point I just need help to get back on my feet and to keep creditors from suing me for not paying. Not sure if the best plan is break the contract or switch the payment to $25. com find submissions from "example. the Reddit community for all things related to Orange County, looking for a lottery ticket of out of tax debt, You have a cool way with words. Is Debt relief is a scam. This subreddit is a place to discuss debt-related issues, debt management, collections, and more. Any advice would be great. Valheim Does anyone know if there’s any debt relief programs out there for veterans that combine and reduce the interest? Thank you in advance. I honestly don’t know what you can do after having enrolled in National Debt relief, but I would call one of the debt COUNSELING services and tell them about your situation. The creditors usually will sell debt at a given amount per dollar. Watch out for I've searched high and low on this sub-reddit for advice on National Debt Relief and most of the conversations are regarding credit cards, however I do not have credit card debt. I fell behind on my credit cards heavily and have about 10K CC debt. I have $170,000 in private student loans, and my brother has $30,000. Unlike debt settlement or debt relief, a Debt Management Plan's goal is to get you out of debt and save you money without harming your credit. The NFCCC is one. When sued, they leverage that opportunity and push the settlement. Been making consistent payments and now have 1 fully paid off card, 3 cards ongoing payments and 2 more to be settled. I did this several years ago, and saved several thousand from what I owed. *I am absolutely fully aware they are a debt settlement program and exactly everything that is entailed. Get the Reddit app Scan this Situation 3 is the only place where National Debt Relief or similar agencies can “help you”. use the following search parameters to narrow your results: subreddit:subreddit find submissions in "subreddit" author:username find submissions by "username" site:example. They also have credit counseling services. National Debt Relief are scum. Tomorrow I am going to call them with her and get all the facts. e call creditors and negotiate rate adjustments / settlements. Thank you for the help! 19M subscribers in the personalfinance community. New users beware: Because you posted here, you will start getting private messages from scammers saying they know a professional hacker or a recovery expert lawyer that can help you get your money back, for a small fee. Once you join a debt relief program, no bank wants anything to do with you. Generally, most debt relief places are at best predatory and, at worst, a scam. I am looking into the possibility of using National Debt Relief for my student loans. We are in a lot of credit card debt and having a hard time getting approved for a personal loan to reconsolidate some. Get a 0% CC and transfer both CC balances to it and pay as much as you can each month. consolidate at your local bank for a loan to pay off higher interest debt, etc). Is there a better debt relief company or which is better between NDR and ACCC tl;dr need help choosing debt relief for $38k no worries on bad credit. Reply reply consider a reputable non-profit agency that is a member of National Foundation for Credit Counseling or the Association of Independent Consumer Credit Counseling Agencies. They look like a reputable debt consolidation firm. Right away I found nfcc. Long story on how I got there. Debt relief is a scam. Not by choice, but because I could no longer pay the bill. There may be others, but there are TONS of scammers. I’ve looked at Helbing Law Group, Better Path Financial and Freedom Debt Relief. If you google nfcc, you'll likely see a bunch of BS ads and the sites for various debt relief companies like National Debt Relief. So for example, if they know that Capital One will sell a $1,000 debt for $100, they wait until you have maybe $200 saved up, then go try to buy the debt. I'll end up paying 3k less than my credit card debt after The Consumer Financial Protection Bureau has a good description of the differences between a credit counselor and debt relief/settlement companies. That's the only real debt relief. Members Online I’m a single mom with 60k in debt who makes 60k a year - I’ve decided to declare bankruptcy and I’m looking for some positive bankruptcy stories Greetings, I'm Greg Roberts, the owner and founder of Canadian Customer Debt Relief Inc. They can't help me with my personal loan because that lender doesn't participate in debt management programs, so the fee they're charging makes no sense for me to spend. From my own experiences, the failure rate of these "debt relief" operations is sky high. Accredited debt relief . While National Debt Relief may offer a lower monthly payment, consider long-term consequences like potential damage to credit score and tax implications. If you don't plan on getting a loan for a few years and your stuck stuck. Find out which debt relief methods exist and how they could benefit you. Every month I called and contacted them to follow up and all they said was "working on it" and "it takes time". I understand that these are some of the steps to allow negotiations with the bank/creditor and the debt relief company to start. They tell you to stop paying on all your credit cards. I am wondering how NDR might work in this instance. Since it seems like you have $10k of debt you can probably work yourself out of the hole. With relief depending on the amount, you could be back in 2-3 years at least where you were before you started the program. Debt Relief is the core of National Debt Relief’s Whole Human Finance™ approach. Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. A reddit community for DebtAdvice. I’m drowning in 64k of cc debt. I fell on some hard times that made me fall behind on payments and it seems like getting back on track is nearly impossible with all the late fees. They do not Is National Debt Relief Legit? Yes, National Debt Relief is a legitimate debt relief company. She graduated from the program a year or so ago. New comments cannot be posted and Hi yall, Just wanted to alert everyone to a scam that I know is pretty well-documented online: the Financial Hardship Loan scam. You can call the national debt helpline on 1800 007 007 and it will like you to a provider within the state or territory you are calling from. They also have a webpage on spotting a scam. Yes, You can find who the debts are with on the credit report . Credit and Debt Counseling in New York, NY. Is National Debt Relief legit? National Debt Relief has received an A+ rating from the Better Business Bureau (BBB). to close out your account and pay off the balance at a significantly lower Company Overview. Besides mine I've also heard good things about Accredited Debt Relief and National Debt Relief. Basically what happens is the accounts are closed. But honestly you should just throw money at the biggest debt and do the snow ball method. Earning $100,000+ in income per year. You may also be able to negotiate directly with the debt collector instead of having to work with National Debt Relief. Nearly all "debt relief" is not worth it, even for "legitimate" businesses. They basically argue hardship in your behalf to forgive/reduce the debt. They keep a sizable portion of the money you pay. They are legit and in my experiment reliable. I stop making payments, go to collections and pay them to settle. One monthly payment to As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. It can cut your monthly payments immediately to relieve cash flow pressure and help you focus Edit: I mean national foundation for credit counseling. My husband and I are almost 25K deep in credit card debt. (not always, but usually). You're not the first by any means. A lot of the debt came from job losses, medical bills, and unexpected events. I am never a fan of any business using "National" in there name. Bankruptcy will likely put you in position to get an apartment a lot faster than the "debt relief" scammers will. I've never fucked up THIS bad before, to where I'm in debt without income or No income and High Debt. What they do is basically have your stop paying all your unsecured debts and let them go into default, while in the meantime you agree to pay a fixed monthly fee to the relief company. Not all credit counseling agencies are reputable, Huntington National Bank vs. 9k/13k split on cards and collections. If they are not successful, the debt collector will remain on your credit reports for seven years. I ran the numbers for you, totaling 14k with a 5k dummy account taking place of your 6 other accounts, I got a 48 month program you can do for approx $246 a month. Reddit's hub for advice, I have a ton of debt and I am currently in the process of paying it off. They negotiated it all down 50%. You may have to pay a small fee, but nothing like the more scammy organizations. So, is National Debt Relief legit? Let’s dive into the details to find out. I was advised that I can make a cheaper payment than r/personalfinance is the correct sub for this question. I'd get an additional $400/month. National Debt Relief would cover all Chase, Discover and the CareCredit (Leaving Capital One, Personal Loan, and Affirm) for about $407/month for 48 months. I. Hey all- I have been enrolled in the National Debt Relief program for nearly 5 months now. (I know shame on me for not doing research) I lost my job in late January and started my current job early April. I had to let the accounts go into the 90 day delinquency phase so they could negotiate. Then they trash your credit to get a better negotiating posture. You can request a free copy of yours online. A possibly better alternative is getting in contact with the National Foundation for Credit Counseling (NFCC). starting in October 2019. Once NDR and your creditors reach an agreement, the National Debt Relief specializes in debt settlement for credit card debt relief and general debt relief, offers a free savings estimate and does not require any fees upfront. Our monthly payments are $600+, just for credit cards. Don’t do debt relief or debt consolidation. Or check it out in I looked into National Debt Relief and got quoted $444 a month on a 42-month term to settle everything, but I know my credit rating (currently 733) is going to take a Check out the FTC's article in the various types of debt relief, debt settlement, etc NFCC is legit. org) can work with creditors to help set you up on a plan similar to While National Debt Relief isn't necessarily a scam (it isn't a government agency either), their method of negotiation may yield less than an attorneys, and an attorney can sue (or threaten use the following search parameters to narrow your results: subreddit:subreddit find submissions in "subreddit" author:username find submissions by "username" site:example. Debt consolidation can be a good thing, but personally, I would only do so through my bank or another reputable lender, not someone advertising to people who may be desperate. $100 goes to the debt, $100 to the company, which is how they make their money. 2006 recent reviews we have found on the internet mentioned National Debt Relief's customer service. So has anyone worked with the National Debt Relief?? Is it It's legit. If the debt is over a certain age, 7 years plus 180 days from the date of delinquency for credit card debt, then you can have it removed by disputing directly with the CRA. I know this is a touchy subject and I have read older Reddit posts about people's bad experiences with them. Some of her debt was canceled and the rest consolidated into a new loan. 5B in debt National Debt Relief has helped over 550,000 clients resolve over $11. Try setting up your phone to screen calls that aren't from verified sources. They operate in a secrecy fraudulent manner where they will make your accounts go into delinquency, charge you 20% "negotiation fee" on top of each account that they "negotiate" on your behalf, and do Well if you don’t mind your credit being destroyed during the program you could do the debt settlement. I have not yet reached a verdict, but now I will reach one be soon. I went with American Consumer Credit Counseling. Usually manage my life enough so that it's only one or the other. I have about $8k in collections that I am looking to get off my report and settle. This is supposed to make the negotiation process more effective for National Debt Relief, and while it will tank my credit score it will improve outcomes and lead to them clearing my debt. Reddit . Hi! Unfortunately I signed up for National Debt Relief for my credit card debts in March 2022. This is not a fee. If they are legit, they should have your address on file so don't give it to them. I’m fucking scared. Instead of paying the debt relief company, I did that myself. Non-profit and Accredited: ICDS is a registered non-profit accredited by the National Foundation for Credit Counseling and Council on Accreditation, suggesting ethical guidelines and professional standards. The difference here is that Pacific Debt Relief requires a higher minimum debt balance to enroll and operates in only 30 states, while National Debt Relief operates in 46 plus Washington, D. Looked this company up online, and found numerous complaints about it. My money amount deposited into my National debt relief is a business, they make money off of you. They tell you to stop paying your debts for long enough for the creditors to write your accounts off as uncollectible, which likely means you'll pick up 30, 60, 90, and maybe 120 day lates on each account + a charge-off. If you’re struggling. I was then offered debt settlement services. Get the Reddit app Scan this QR code to download the app now. Alright everyone I may have made a mistake and jumped the gun by signing up for National debt relief and then reading all the horror stories. The majority of the companies offering debt repair are scams. National Debt Relief is a legitimate debt relief company that can help you get out of debt. $16k isn't a huge amount of debt, especially with half at 0%, but without knowing your budget is really hard to give an answer. Does that mean anything?) These companies always say my credit score will decrease for a while, but would recover later. In a few months your credit will completely tank. I am assuming Freedom will be the same deal. That's who debt relief is for. I would not believe anyone that says they can reduce the principal amount owing. My dad, who is in a pretty desperate situation financially right now, had a missed call last week, called the number back, and was subsequently transfered to someone named Scott Spencer who claimed to be working for National Debt Relief (his phone Debt relief scams often target indebted consumers by falsely promising insolvency options like consumer proposals and bankruptcies. P use the following search parameters to narrow your results: subreddit:subreddit find submissions in "subreddit" author:username find submissions by "username" site:example. It's a non profit. Accredited Debt Relief says they can get what I owe down from 23k to 17k. Also, I don’t recommend national debt relief because I think they don’t offer litigation protection. My situation involves credit cards and some medical bills, National debt relief is legit lol. A community for people working towards being debt free. I looked into this myself. Informal debt agreements can cost you more long term. I’m not sure if I’m being scammed or not. I'm looking at National Debt Relief. I would be wary of debt relief ads, which are often predatory. The NFCC has agreements in place with the credit card companies which will allow you pay off your principal with little to no interest (depends on the credit card bank). e. (Btw, both of those get an A+ from the BBB. It's still very possible nationaltaxdebt. They work with creditors to help you lower payments, usually by I have not, but have been deep in credit card debt myself before and looked into them. 5702037146 This company or whatever it's supposed to be, called my cell phone earlier today, and a robocall of a person identifying herself as Barb, offering me either debt relief/ a loan for up to $60K. If you don't want a 3rd CC, pay off the highest interest card first. Bank of America: This is just one of the many problems with these companies. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Yes, there are debt relief programs available for veterans that can help consolidate and manage debt. There is no magic in Debt relief services. Today, I took the first step in what I hope to be relief of some kind. S. Unless you are seeing a lawyer about a bankruptcy. Going with a debt relief/settlement company may open you up to lawsuits from your creditors. com find I’ve been trying to figure out if it’s a legit option for consolidating my debt. You had 100% on time payments and now you have defaulted. It’s one of the country’s largest debt relief companies and has successfully helped more Get the Reddit app Scan this QR code to download the app now. Do not participate in a debt relief program. My minimum amount keeps going up on all the cards - it's currently $160/month and will continue to rise. If they are successful, the debt collector will remove themselves from your credit reports once they are paid. In some states, if a debt relief company gets the credit card to “forgive” or reduce the debt by say $10K, you still have to pay taxes on it because the gov considers that 10K an additional “income” for the year. Nothing is perfect but we do pay for it through taxes, everyone does just like roads and everything else. National Debt Relief won’t start negotiations with your creditors until the escrow account has reached a certain amount, usually around 25% of the debt owed. I'll contact ACCC too. Since it was lockdown, I didn't eat out and worked on paying off my debt using the waterfall method. Year later; Financial hardship struck again. Members Online Freedom Debt Relief - legit company / method If you have $50k of debt I would tell you to stop making payments and file bankruptcy. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning I (F25) have debt between a couple of credit cards totaling about 10k. r/lionesses. They’re comparable in their services, minimum debt requirements and cost. If it is not a debt that you incurred, you can dispute the debt with both the reported debtee and the CRA. debt relief is much better than bankruptcy as bankruptcy stays on youre report for 7 years insuring you get the worse rates when youre score is 660-700 i know for a fact i did it yeah 7 years with debt relief says hey im financially strapped but ill pay you something over absolute 0 with a 7 year to 10 year black eye. and International, Federal, State, or local. I settled $20k using National Debt Relief. Claiming to be the leader in debt relief scams when you see their name. You can do that on your own without paying someone else a load of money. I just want some relief. National Debt Relief was founded in 2009 and has worked with over 500,000 people. even the most Shady of shady debt collectors cannnot justify claiming someone is a victim. They are doing 99% of what you can do yourself. Reputable debt settlement companies like National Debt Relief only handle unsecured debts like credit cards, personal loans, medical bills, cellphone bills and rent payments. Explore non-profit credit counseling and budgeting resources, and research California's childcare assistance programs. so im 40 and not married and no kids and work 40 hours a week but im only been getting $18. Has anyone had experience with them? Is this a bad idea? I just cannot afford the minimum payments anymore. Parasites. you and your wife may want to talk with financial counsellors. National Debt Relief is also a member of the American Association for Debt Resolution (AADR), which represents debt settlement companies and audits its members As the Debt Settlement Company negotiates with the debt collector, they will attempt to arrange a Pay for Delete. org. Create a budget, and stick to it. National Debt Relief is a well-known debt settlement company, The Reddit Law School Admissions Forum. NDR is a debt relief/settlement company. They are guaranteeing a minimum 25% debt reduction up to 50% with a consolidation loan for the rest. Or The company seems to be legit. You don't have a ton of debt honestly - depending on your income and expenses, you might be able to pay this off if you're about to create a budget and stick to it. Or After 5 years, my debts will be paid, except for my mortgage. They do charge a 25% fee, so whether it's worth it depends on your situation and priorities. I used Greenpath, as they have a better reputation, and you pay what you owe but with a much smaller interest rate. A family member helped her sign up for Freedom Debt Relief and she has been sending them $200 each month for 15 months. Freedom Debt Relief wants 15%-25% of your total debt amount as their fee. They are not a consolidation organization. Join our community, read the PF Wiki, and get on top of your finances! I’ve read a multitude of horror stories. They’re free, independent and confidential. Gaming. Consolidation Has anyone used this company? The deal they offered sounds pretty good. My total debt (including two personal loans, car, and several credit cards is $28k. Friend used them to pay off 10,000. With debt settlement, there might have tax implications on it. They will not stop any lawsuits, charge offs or other legal problems with bad debt. This will give you a best case debt baseline on total paid over time, and for how long. The profile of who should consider debt relief is: Someone with bad or average credit Debt payments that are so high relative to income that there is no hope of ever paying off or substantially reducing the debt load. I had almost 12k in cc debt, delinquent on all of them out of fear and avoidance and irresponsibility. How legit is the JG Wentworth debt relief program and is there a better one for strictly credit card debt? There’s really no such thing as debt relief, not even bankruptcy. These companies all have my email and phone number but not my name. American consumer credit is what I went with. They help you negotiate and budget to get your debt paid off within a specific period of time. Throughout the chronic stress that I have been experiencing with this hardship, I impulsively created an account with “Americor” to settle my current debt that I am falling behind on. Not national debt relief. Posted by u/Seified - No votes and 1 comment The financial planner who my credit union provides, has only heard good things about National Debt Relief as well. She couldn't use her CC to rack up any more debt. There are so many services out there, and it's hard to tell which ones are trustworthy. They seem to be legit. The debt settlement organizations have you default on your loans then they attempt to negotiate a settlement while you pay them money every month. someone else said it Debt Relief can have many adverse effects, and may not really save you money if you do the math before hand, you’ll atleast know whether it’s National Debt Relief Nerdwallet partners with National Debt Relief to provide customers with over $10,000 in unsecured debt with settlement options to help them become debt free in 2-4 years with Through debt settlement whatever amount you save if over 600 dollars you will get a 1099 form to claim taxes on it as well. The best place on Reddit for admissions advice. My grandma had about 4 cards with in all maybe 3k in debt, then a card that was about 10k in debt, she gets social security and excluding my grandpas income, about 350$ a month, they took out about 230$ every month and it took her 2 years to pay off that 3k, which should have went down as they say you Debt relief confusion Are all debt relief scams? Because my dad thinks some are real but I'm very skeptical and kinda know some of the ins and outs but want to be 100 percent sure it's ok. Instead, non-profit credit counselors (try https://nfcc. You are much better off doing it on your own (i. Be wary of any company out besides the NFCC. And that’s $100,000 in debt with line of credit and credit cards. The amount for them could be more or could There is a small fee because you make one monthly payment to them and they disburse the payments to your creditors. How legit is the JG Wentworth debt relief program and is there a better one for strictly credit card debt? Looking into debt relief of only about 20k in credit card debt. National Debt Relief has closed more than 256 complaints in the past five years. Is National Debt Relief Legit upvote I quickly fell behind on my credit cards, I am currently at 15k in credit card debt. They work with customers with at least $7,500 in unsecured debt, such as credit cards, personal National Debt Relief is a fraudulent company. I’m just wondering if there are real people out there who have used Beyond Finance, Accredited Debt Relief, Five Lakes Law Group - and have had a positive experience. If indeed they are legit which companies are legit and how to know one is real from the other. National Debt Relief is headquartered in New York and has been operating since 2009. We’re confident in that assessment because National Debt Relief is: America’s oldest debt relief company (founded in We would like to show you a description here but the site won’t allow us. 96% were happy or satisfied with the customer service, ranking National Debt Relief 4th among It's debt relief or bankruptcy. It takes some time, and it's going to hurt your credit for This is what I found on National Debt Relief. For-profit debt relief/settlement generally aren't recommended. Has anyone used this debt settlement company? Good experience, bad experience? I’m in over my head with credit card debt and couldn’t get approved for a loan through a local bank or credit card company, but just signed up w/ NDR. You've probably already done some looking into it but you can do the same thing a debt relief company can do. So at this point the creditor is going to sell your debt to a collection agency. Credit cards 2. 99% sure its a scam, but if you force them to provide proof of debt, they'll give up. They do something similar except they work to get you in contact with a Debt Management Plan (DMP) company who then works with your credit card companies, personal loan companies, etc. 5B in debt since 2009, and we’re rated A+ by the Better Business Bureau, ranked #1 by Forbes Advisor, and All debt relief (for profit) companies do is make you stop paying to force your credit card debts into default and then negotiate with the debt collectors. Hi everyone, I am considering debt relief, and I come into contact with Texas Debt Relief Org quite often. Hi all, a few years ago I started this review of National Tax Debt and now I'll finally be able to tell you the outcome so you can decide whether to hire them. Reply reply Get the Reddit app Scan this QR code to download the app now. Minimum debt: $7,500 Types of debt: 1. r/Debt My debt is $5500 for three credit cards and I get $1200/month for disability. They tell you to default on your creditors. Chapter 13 might save a little more, but credit is dead for at least 7 years. This website offers an American debt relief program that may legally erase thousands of dollars in debt. I recommend checking out debtfreedomnow. I spoke to a rep today and they gave me the estimate of negotiating to settle for half of my total debt. I'd seriously look into breaking that contract. These guys are predators of the highest order -- that friendly facade disappears quickly when you push back and the legal folks, well, get legal. My friend however, had a great experience, and was the only thing that helped clear up her debt. The fee is usually less than $50 per month. doubled my original debt from 2020 during all of this. Idk what you mean exactly, but I do want a way to settle up. Through covid when it was bad here, Healthcare was crap. com" Your credit will be horrible at the end of this year if you go through with National Debt Relief because that's how the program works. Are programs like national debt relief a good option? If so what are the credit pros and cons to using a program like this? Debt relief products like national debt relief should only be considered if the alternative is bankruptcy. Instead of paying them for the service have you contacted your debtors about help or setting up payment plans? If you're going to go that way, I may look more into a national chain that has more history and reviews. Then periodically based on the money you paid in, they will contact each of the places where your unsecured debt ended up and settle your debts. Two of the cards are 0% transfer apr offers that I just opened two months ago to try and save on interest. See BBB rating, reviews, complaints, get a quote and more. Do you agree with National Debt Relief's 4-star rating? Check out what 41,234 people have written so far, and share your own experience. Hi all, I am currently around $22,000 in debt due to poor choices and life events. and a judge would not just grant permission to a collector who said we send a email. I have been getting calls and emails for a month or so now from all sorts of debt relief companies asking for a guy named ‘Will’. , better known as CCDR™. My income isn’t enough for everything that I owe. A little research tells me they’re top-rated, but after doing that I’m having serious anxiety. You’ll default on all your accounts, be harassed by collections, and possibly sued. It's a debt relief program, so you stop paying your bills, they go to collections, and NDR negotiates them down. plus you learn consequences have actions, a bankruptcy is going to To get a handle on your credit card debt, you may want to try a debt management/credit counselor non-profit company to help reduce your debts. I am not will, I have no debt. Companies like National Debt Relief and Americor keep reaching out to me with debt consolidation offers. Once that happens and these cc companies are ready to write off the debt and sue you, then this company will then make an offer to the creditors. Some unlicensed debt advisory firms charge hundreds or even thousands of dollars in unnecessary fees for services they are not licensed to provide and often misrepresent the services they can offer. They stall negotiations with creditors and your credit drops low score, where loans are impossible to get. This service is very misleading and I ended up getting sued by a bank. We're financially in a though position. I have about 20k in credit card debt that they are working with me on. Look for a 503(c)3 not for profit debt management plan or see if the banks will put you on a reduced interest hardship program. 100K Service on my car, family medical issues (had to help), my own medical issues (nothing serious). hey did u stick with national debt relief? how has your experience been Reply reply More posts you may like r/Debt. (Transunion, Experian, Equifax) And there it will show you the name of the agency as well as contact number and 959K subscribers in the debtfree community. Archived post. https://nfcc. Answer the call and tell them to send you an official notice in the mail. com might not be a scam and this might turn out to be a happy and positive review. If you think you might need an intermediary for debt management (no loans) and budget analysis, the National Foundation for Credit Counseling may help. example: Debt DB. I defaulted on Chase SP, CAP1 QS1, Biglots store card. And that doesn’t include the two car loans. Generally speaking though, you could just negotiate with your creditors directly and get a better deal. io. org by googling "free non-profit debt relief program". That said two of the more reputable debt relief companies are Freedom Debt Relief and National Debt Relief. Look into a debt management program. . I have paid about 1,500 to my savings account with them.