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.  

Pros and Cons of National Debt Relief

National Debt Relief Customer 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 Connecticut, Oregon, Vermont, and West Virginia. 

Reviews last updated: 4/1/24. (Reviews are typically updated monthly.)

Ratings last updated: 4/3/24. (Ratings are typically updated quarterly.)

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.