National Debt Relief negotiates with creditors to reduce the amount of debt you owe. The program usually takes 24 to 48 months to complete, depending on your debt and ability to save. Customers have access to an online portal to approve settlements and monitor their progress.

Cons

• National Debt Relief's services aren't free.
• Credit score will likely go down temporarily.
• Creditors might not agree to the settlement offer.
• Certain debts are ineligible.

National Debt Relief offers debt consolidation loans as part of its debt relief program: Up to 50% lower monthly payments. Reduce multiple payments down to one. Debt free in as little as 24-48 months.

National Debt Relief is a real company working to eliminate consumer debt, but there are more than a few strings attached. Don't start adding up your savings without first considering the taxes and fees you will owe and the impact on your long-term credit history.

The national debt enables the federal government to pay for important programs and services even if it does not have funds immediately available, often due to a decrease in revenue. Decreases in federal revenue coupled with increased government spending further increases the deficit.

Thanks to a combination of high inflation, rising interest rates and unrelenting growth in the national debt, interest payments are expected to triple from nearly $475 billion in fiscal year 2022 to a stunning $1.4 trillion in 2032.

Benefits of Debt Settlement

• Get Relief from Unbearable Debt and Repay Your Debt Faster.
• Avoid Bankruptcy.
• Your Debt Won't Be Sent to Collections or Charged Off.
• Avoid Being Sued for Your Debt.

Debt relief can help make your monthly payments more manageable through debt renegotiation or replacing your debt with a new loan with different terms, including a lower interest rate, waived fees, an extended loan term or reduced balance.

Debt relief refers to measures to reduce or refinance debt in order to make it easier for the borrower to repay it. Options for debt relief include forgiving a portion of the debt, lowering the interest rate, stretching payments over a longer period, or consolidating multiple debts into a single, lower-interest one.

A legitimate debt collector should be able to tell you their company name and mailing address, as well as information about the debt they say you owe. The debt collector should provide information about themselves and their collection agency.

The national debt is the amount of money the federal government has borrowed to cover the outstanding balance of expenses incurred over time.

A nation saddled with debt will have less to invest in its own future. Rising debt means fewer economic opportunities for Americans. Rising debt reduces business investment and slows economic growth.