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.

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.

There are no sign-up fees, no cancellation fees, and there's absolutely no obligation – you're in control. Once debts are settled, the average client usually pays a fee of 15-25% of the total debt enrolled as part of their monthly payment. And if we can't settle your accounts, you don't pay us. It's that simple.

Alex Kleyner is the Chief Executive Officer and Co-Founder at National Debt Relief, LLC.

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.

Debt settlement is an agreement made between a creditor and a consumer in which the total debt balance owed is reduced and/or fees are waived, and the reduced debt amount is paid in a lump sum instead of revolving monthly.

How does debt relief help poor countries and the poor? Debt relief is part of a larger effort to address the development needs of low-income countries. For debt reduction to have a tangible impact on poverty, the additional money needs to be spent on programs that benefit the poor.

A debt relief program is a method for managing and paying off debt. It typically involves hiring a debt relief company to employ one or more strategies that help you get debt under control, such as by reducing the amount you owe, lowering your interest rate, or securing better terms.

There are two kinds of national debt: intragovernmental and public. Intragovernmental is debt held by the Federal Reserve and Social Security and other government agencies. Public debt is held by the public: individual investors, institutions, foreign governments.

The Federal Reserve, which purchases and sells Treasury securities as a means to influence federal interest rates and the nation's money supply, is the largest holder of such debt.

Here's what you need to know. The aid will benefit 125,000 borrowers, including 53,000 people who worked in public service for a decade or more.

Advantages of Debt Financing

• Ownership Stays With You.
• Current Management Retains Full Control.
• Interest Payments Are Tax Deductible.
• Taxes Lower Interest Rate.
• Accessible To Businesses Of Any (And Every) Size.
• Builds (Or Improves) Business Credit Score.