![]() ![]() If you’re already several months behind, then a few more late payments might not make much of a difference to your credit score since it’s likely taken a big hit already. The extent of that impact, however, depends on whether you’re still current on your bills or not. Payment history accounts for 35% of your FICO credit score, so enrolling in a plan with National Debt Relief could negatively impact your credit rating. The longer creditors go without receiving payments, the more open they’ll be to negotiation. One condition of this debt relief plan is to stop making payments to creditors and focus more on making monthly payments to your secured savings account. National Debt Relief also offers referrals for credit counseling, debt consolidation and bankruptcy services if their debt relief plan isn’t the best option for you. If you’re behind on a different kind of loan, such as a mortgage, it’s a good idea to reach out to your lender to see what options might be available for getting caught up. National Debt Relief can help with the following debts: National Debt Relief’s approach helps you focus on controlling your debt in less time, rather than only making minimum payments for several debts all at the same time. Once you agree to a plan, you’ll make one monthly payment into your secured savings account which you control.From there, they’ll create a personalized debt relief plan that fits your current financial situation.Complete your free consultation with a debt coach, who will evaluate your situation and present debt relief solutions for you.Provide National Debt Relief with your name, email address, and estimated amount of debt.Visit National Debt Relief’s website and select Apply or call 80 to start the process.If you’re interested in debt relief services, you can get started with National Debt Relief online or over the phone. That’s similar to what other debt relief companies charge. Fees vary by state and range from 15% to 25% of your total enrolled debt amount. The fees are built into the amount you deposit in your dedicated savings account. In exchange, you will pay a fee to National Debt Relief for their services. The company estimates that it takes at least 24 to 48 months for clients to become debt free if they stick to their debt repayment plan. The process continues until all the debts you ask National Debt Relief to negotiate are gone. The remaining debt balance is canceled, and you pay nothing else to the creditor.Once an agreement is reached, your creditors get paid from the money in your account.National Debt Relief negotiates with your creditors to reach a settlement agreement.You make one payment each month into your secured savings account.National Debt Relief creates a personalized debt plan for you based on your budget and financial situation. ![]() The goal is to help you pay off debts for less than what’s owed and escape debt faster. National Debt Relief negotiates with your creditors on your behalf to help resolve your debts. ![]()
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