National Debt Relief is a top debt settlement company that specializes in negotiating with creditors to reduce clients’ balances. With high ratings from clients and accreditation from the American Association for Debt Resolution (AADR), the New York-based company offers a program that aims to make clients debt-free in 24 to 48 months, potentially saving them up to 25% after fees. National Debt Relief requires at least $7,500 of unsecured debt to be eligible for its services and charges fees ranging from 15% to 25% of settled debt. While the company is available in most states, it may not be suitable for everyone. Depending on individual circumstances, other debt management options like consolidation or a debt management plan may be a better fit. National Debt Relief is best for those with significant unsecured debt who are struggling to manage it on their own. However, it is not suitable for those with secured debts like mortgages or federal student loans. The company’s debt settlement program involves pausing creditor payments and making payments to National Debt Relief instead, with the goal of negotiating settlements with creditors. While the company has received positive reviews from customers, it has faced litigation in the past, including a pending class-action lawsuit in 2023. Other debt settlement alternatives to consider include New Era Debt Solutions, CuraDebt, and Freedom Debt Relief. Ultimately, whether National Debt Relief is the right choice depends on individual financial circumstances and goals.
