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National Debt Relief: settlement with no fixed end date

Listed as debt settlement for unsecured debt, with a free consultation. The timeline is just "varies", so get a figure for your own accounts in writing.

By Checkngocash Editorial Team Updated 4 sources How we make money

The short version

  • The data lists debt settlement for unsecured debts, a free consultation and a timeline that varies, with no fee shown.
  • These facts are unconfirmed placeholders and terms vary. Settlement outcomes differ widely from one person to the next.
  • The company behind the offer makes every decision and sets the terms, not Checkngocash.

At a glance

National Debt Relief is listed in our offer data as a debt settlement program for unsecured debts, with a free consultation. The listing suggests it is meant for people settling larger unsecured balances. No fee appears, and the timeline is given only as "varies".

In most settlement programs you spend months with bills unpaid while late fees and interest keep building. A company that sells by phone has to tell you how long results should take and how much you need to save before it makes an offer. Those two answers show whether you could realistically see it through.

Pros and cons

What works

  • The listing plainly says debt settlement, so you know the program type
  • The consultation is free
  • If creditors agree, a settlement can lower what you owe

What to weigh

  • The timeline is open-ended in our data, and a long program means a long stretch of unpaid bills
  • Settlement can hurt your credit and lead to collection calls or lawsuits
  • No fee is listed, so the total is something you must ask for
  • Only unsecured debt is covered, so a mortgage or car loan remains yours to pay

Who it suits

A reasonable fit if

  • You are well behind on unsecured debts and a repayment plan will not work
  • You can make the monthly deposits for the entire quoted timeline
  • You accept the risks and the possible tax on forgiven debt

Look elsewhere if

  • You can still pay your minimums
  • Your largest debts are secured by a home or car
  • A drop in income would stop you from making deposits
Ask National Debt Relief about total fees (opens the advertiser's site in a new tab)

Opens the advertiser's site.

How it works

  1. Get a timeline for your debts

    Ask how long your accounts are likely to take and how much you must save before the first offer is made.

  2. Ask what the worst case looks like

    Find out what happens if a creditor says no, sues, or you need to leave, and how your money comes back to you.

  3. Lay the quote next to other options

    Compare the written quote with a debt management plan and with advice from a bankruptcy attorney.

Questions people ask

How long would it last?
The data says it varies. Request an estimate for your own debts in writing, and tie any figure to the amount you must save first.
Which debts can be included?
The listing says unsecured debts. Secured debts such as a mortgage or car loan work differently, as our page on secured and unsecured debt explains.
When do fees get charged?
No fee is listed. Under the FTC rule, a company selling by phone may collect only after it has settled a debt, you have agreed and you have paid under that deal. Ask how the fee is calculated.
Do I stop speaking with creditors?
You should not have to. The CFPB advises avoiding companies that tell you to stop communicating with your creditors, so treat that as a red flag.

Can you stay with it to the end?

Put the timeline and total fee in writing, weigh the risks, and hear a nonprofit counselor's view first.

Continue to the National Debt Relief site (opens the advertiser's site in a new tab)

Advertisement. Checkngocash is not a debt relief company, lender or law firm, and we may earn a commission if you click through or sign up. National Debt Relief sets its own terms and fees. Under the FTC Telemarketing Sales Rule, a debt settlement company that sells by phone may not charge a fee until it has settled a debt, you have agreed to the settlement and you have made a payment under it. Settlement can damage your credit, and forgiven debt may be taxable. The figures here come from offer data that has not been confirmed with the advertiser.

Sources

  1. How to get out of debt (FTC)
  2. Debt relief services and the Telemarketing Sales Rule: a guide for business (FTC)
  3. What is a debt relief program and how do I know if I should use one? (CFPB)
  4. Topic no. 431, canceled debt: is it taxable or not? (IRS)