National Debt Relief
Review Counsel is owned and operated by Mutual of Omaha Mortgage.
About National Debt Relief
National Debt Relief Synopsis
Review Summary: National Debt Relief helps debt-ridden consumers through its debt negotiation and settlement program. Once enrolled, customers make monthly payments into a shared account. National then uses this money as leverage to pay off the debts in full for a lower amount, also known as the settlement amount.
Recommended for: In order to work with National Debt Relief, you must have more than $7,500 in unsecured debt, be behind in payments, and be facing a hardship that is not likely to change in the near future that is affecting their ability to pay their debts.
What is Debt Relief?
Debt relief is also known as debt resolution, debt settlement, and debt negotiation. Consumers who find themselves with a large amount of debt, are facing financial hardship, and are having difficulties paying off the debt may qualify for debt relief assistance. Debt relief companies help consumers secure new terms with creditors toward the goal of reducing the amount of debt owed and resolving the debt at a faster rate. Utilizing a debt relief program typically results in a temporary drop in your credit score.
Pros and Cons of National Debt Relief
Pros
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No fees until a settlement is reached
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High customer review ratings
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Free consultation
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Available in 47 states (see exclusions below)
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A+ Rating from the Better Business Bureau (BBB)
Cons
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Must have more than $7,500 in debt to qualify
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Fees are up to 25% of total debt enrolled
National Debt Relief Customer Reviews
| Consumer Review Platforms | Rating |
|---|---|
| Better Business Bureau (BBB) | A+ Rating; 4.74/5 stars with 5,310 Reviews |
| 4.6/5 Stars with 10,710 Reviews | |
| Trustpilot | 4.7/5 Stars with 41,276 Reviews |
| Yelp | 1.7 Stars with 160 Reviews |
National Debt Relief Full Review
Overview
National Debt Relief offers debt relief through its debt settlement program by negotiating a lower debt payoff amount with creditors.
Consumers who work with National Debt Relief agree to put money into a savings account, which the debt relief company will use to pay off the debts.
National Debt Relief is only able to assist with unsecured debt such as credit card debt, bank loans, medical debt, business debts, bank overdraft fees, back rent from a previous residence, and other debts.
It cannot help with secured debt such as mortgage loans and auto loans, child support, back taxes, and federal student loans.
It may be able to assist with private student loans.
To qualify for assistance with National Debt Relief, you must meet the following requirements:
- Need to be able to make a monthly payment into a settlement fund account
- Have more than $7,500 in unsecured debt
- Be several months behind in payments
- Must be in a financial crisis or hardship without relief in sight in the near future
National Debt Relief Process
If you decide to work with National Debt Relief, this is a general overview of the process that you can expect:
- Step 1: Get a free consultation. In this step, you will talk to a debt relief consultant who will go over your options based on your situation.
- Step 2: Enroll in the program. If you meet the qualifications and are accepted into the program, you can begin the enrollment process.
- Step 3: Make payments. Once enrolled, the first step will be to start making payments into an escrow account that will eventually be used to pay off your debts.
- Step 4: Negotiations and settlements. Once there is enough money in your escrow account, the National Debt Relief counselors will start negotiating lower payoff amounts with your creditors by offering a lump sum to settle the account.
National Debt Relief Rates and Fees
National Debt Relief charges no upfront fees. Customers do not pay anything until their debts are settled.
Customers typically pay 15% to 25% of the total debt enrolled in the program.
National Debt Relief Company Information
National Debt Relief opened its doors in 2009. Since then, it says it has helped more than 400,000 people with their debt.
Co-founders Daniel Tilipman and Alex Kleyner started it. It is based in New York, New York, with satellite offices in Culver City, California, and Henderson, Nevada.
National Debt Relief is accredited by the Better Business Bureau (BBB) with an A+ rating and a member of the American Fair Credit Council (AFCC).
Its debt arbitrators are certified through the International Association of Professional Debt Arbitrators (IAPDA).
States Serviced by National Debt Relief
National Debt Relief is available in all 50 states except for Oregon, Vermont, and West Virginia.
Reviews last updated: 1/29/25. (Reviews are typically updated monthly.)
Ratings last updated: 1/29/25. (Ratings are typically updated quarterly.)
Our Methodology
We independently identify debt consolidation companies. The debt consolidation companies are then evaluated based on five factors that we believe are important for consumers: years in business, number of products offered, customer service availability, state licensing footprint, and Better Business Bureau (BBB) Ratings. Please find a full description of our rating system here.
This information is intended to be general and educational in nature and should not be construed as financial advice. Consult your financial advisor before implementing financial strategies for your retirement.
Address: 11 Broadway 16th Floor New York, NY 10004
Reviews for National Debt Relief
1.0 out of 5 stars (based on 1 review)
Wouldn't Recommend
I wouldn’t recommend National Debt Relief. They were not professional on the phone and I got different answers. Kept calling me and calling me when I just wanted to know how it worked.
Verified
| June 6, 2020