Big Debts, Bad Credit? Why National Debt Relief Has Such Great Ratings
By The Money Manual National Debt Relief is a debt settlement company with big promises.
Become potentially debt-free in 24 to 48 months saving up to 25% after fee deductions.
Without a credit score requirement to get started.
And it boasts an A+ rating from the Better Business Bureau.
Which means it’s doing more than one thing right.
Let’s take a look.
What Does NDR Do?
National Debt Relief is peopled by negotiators.
Their aim in life is to convince your creditors to settle your debt for less than you owe. In other words, they understand the creditors’ position, business issues, who to reach out to, and what type of deal is likely to fly based on your debt.
It’s what they do and their reputation is strong.
How Does NDR Work?
As mentioned, no credit score is required, which makes it good for those who would otherwise be forced to spend many months building their credit score to the level needed to apply for a debt consolidation loan from a bank or credit union, for example.
- NDR client debts are usually $10,000 or higher
- Minimum of $7,500
- Initial consultations are free of charge
- You bring your debt and they assess it
- There are no obligations or fees until debts are settled
Let’s say NDR makes savings for you of 46% (their amazing average), typical savings after fees for the newly debt-free would be 25%.
(The NDR range is 15% to 25%.)
The numbers given are impressive for a company with a strong reputation.
National Debt Relief’s Reputation
Like National Debt Relief itself, this area is all about results. After 15 years in the business, NDR has achieved:
- Better Business Bureau – A+ Rating & Accreditation
- Trustpilot – 4.7/5 Star-rating (based on 39,993 reviews)
- Consumer Affairs – 4.9/5 Star-rating (based on 54,080 reviews)
Yes, it’s impressive.
What Kind of Debt Does NDR Work With?
National Debt Relief works with unsecured debt, including:
- Credit cards
- Medical bills
- Utility bills
- Personal loans
- Business loans
- Private student loans
But Is NDR Right for Me?
If you have large debts and a bad credit score, you’re likely seeing lots of closed doors. A company with a reputation so strong, and promises so encouraging, is definitely something you should at least be looking into.
And here you are, so that’s good.
Recommendations to look into the debt “avalanche” or “snowball” methods, for example, or consulting a non-profit debt counselor, should always be considered as potential options.
Bankruptcy will be the last step many would want to take, but the options there should be fully understood, too, if directly relevant.
What are the Major Pros and Cons?
When committing yourself to a company on a big-ticket item like debt, the reputation of that company is very important indeed.
We have that covered in a highly positive way with National Debt Relief, so here we’ll look at other things. The Pros here are specific to NDR; the Cons are general to this type of option.
PROs:
- Doesn’t require credit scores
- Gives free consultations and no obligations until debts are settled
- Averages high savings for clients
- Often settles debts in 24 to 48 months
- Takes on a broad range of unsecured loans
- Offers a debt consolidation option for higher credit scores
- Enjoys a high success rate in debt negotiation for clients
CONS:
- Can be hard on your credit score, as with any method of this type
- Some creditors won’t talk to debt settlement companies
- Savings gained may be taxable as income
NDR Reviews
Here are some randomly picked reviews by clients of National Debt Relief on Trustpilot.
Great reviews and a great one to choose, but as always we recommend checking out National Debt Relief for yourself, getting a free consultation with no obligations, and reviewing all your options carefully.
Here’s to a debt-free future!
