National Debt Relief has been accredited by the Better Business Bureau since 2013 and has an A+ rating. On Trustpilot, National Debt Relief has an excellent rating of 4.7 out of 5 stars, based on over 36,000 reviews. It is also accredited by the International Association of Professional Debt Arbitrators.

Credit score impacts When you use a debt settlement company like National Debt Relief, you can expect a credit drop by as much as 100 points; however, the company states that if you're able to settle your debts, the credit impact is about half of what it would be if you were to declare bankruptcy.

National Debt Relief is a debt settlement company that negotiates lower balances on behalf of consumers who are struggling to pay their balances on their own. The goal is to help consumers get out of debt faster and save money by paying off their debts at a lower cost.

National Debt Relief at a glance

It can help you get back on track financially If you're doing everything you can to pay off your balances but can't seem to make any headway, debt relief can help you stop treading water and rebuild your finances. Find out what debt relief options are available to you here.

Those who have been on repayment plans, hold federal direct loans or federal family education loans and have completed 20 or 25 years of qualifying months are eligible for forgiveness, depending on when the loans were originated, the type of loan borrowed and the specific type of plan.

Debt relief can negatively affect credit scores because creditors typically aren't willing to negotiate until you're behind on payments.

Disadvantages of Debt Relief Orders

• There are tight income, asset and debt restrictions on who can apply for a DRO.
• If your circumstances change, you may still be required to repay your creditors.
• Your debt relief order will appear on your credit file for six years.

There is no credit score requirement to be considered for National Debt Relief. You must, however, have at least $7,500 in outstanding, unsecured debt. Before NDR can begin negotiating your debt, you must make a deposit into an escrow account. This means you will need some cash upfront to complete the program.

How do I know if I am eligible for debt relief? To be eligible, your annual income must have fallen below $125,000 (for individuals) or $250,000 (for married couples or heads of households). If you received a Pell Grant in college and meet the income threshold, you will be eligible for up to $20,000 in debt relief.

Fees for National Debt Relief's Services National Debt Relief charges a fee of 18%-25% of enrolled debt. This means if you came into the program with $20,000 in debt, expect to pay NDR between $3,600 and $5,000 in fees. There may be additional service or maintenance fees to pay depending on your state.

Debt settlement could saddle you with more financial problems, like lower credit scores and a bill from the IRS, both of which could make it harder to qualify for a mortgage. Ultimately you can still get a mortgage after debt settlement, but you have to approach the process with some strategy and caution.