National Debt Relief aims to help consumers pay off their debts for less than they owe, saving them time and money in the process. You only pay when you get results. A free consultation can help you decide if debt settlement is right for you. While negotiating a debt settlement may not be the ideal scenario, it could help you settle your balances so you can get back on your feet.
After recently making the transition to fixed income, he focused on reducing payments and getting rid of debt. Debt relief is the process of negotiating outstanding debts, using a combination of debt forgiveness and a reasonable payment plan to help you get out of debt. However, National Debt Relief cannot help you with lawsuits, back taxes and debts from the IRS, federal student loans, utility bills, car loans, government loans, government loans, mortgage loans, and other secured debts. National Debt Relief is best for people who have been through a financial crisis and are looking to manage and pay off their debts without paying high interest, applying for debt consolidation loans or filing for bankruptcy.
However, it's important to note that you run the risk of being sued by your creditor, as there's no guarantee that you'll be willing to work with debt relief companies. Nor is it guaranteed that your creditors will be willing to work with National Debt Relief, so debt collectors may contact you throughout the process or even have a creditor sue you for an unpaid balance. On average, 15 to 25 percent of the total debt liquidated will be collected and added to your monthly payments. Talk to a tax professional if you have questions about how debt forgiveness could affect your tax liability.
Compared to the thousands of dollars in interest you can pay with credit cards while struggling to pay them, you can still expect to get an impressive amount of savings with National Debt Relief. He is also a member of the American Fair Credit Council (AFCC) and the International Association of Professional Debt Arbitrators (IAPDA). When debt balances increase and making payments becomes a struggle, it can be difficult to see the light at the end of the tunnel. When you use a debt settlement company like National Debt Relief, you can expect a credit drop of up to 100 points; however, the company says that if you can pay off your debts, the credit impact is approximately half of what it would have if you filed for bankruptcy.
