Can I get my money back from National Debt Relief?

For example, the National Debt Relief allows you to cancel the program at any time if they’re unable to settle the debt or you aren’t satisfied with their services. You won’t be charged any penalties or cancellation fees, and you’ll have your money back.

What happens when you use National Debt Relief?

National Debt Relief won’t start negotiations with your creditors until the escrow account has reached a certain amount, usually around 25% of the debt owed. This is not a fee. Once NDR and your creditors reach an agreement, the escrow funds are withdrawn and handed over to your lenders.

How do you qualify for debt relief?

To qualify for National Debt Relief’s debt settlement program, consumers must have at least $7,500 in unsecured debt for a qualified debt type. Qualified types of debt include major credit cards, department store cards, personal loans, medical bills, credit unions, some secured debts and some private student loans.

How much does debt relief cost?

a 15% to 25%
Debt settlement companies typically charge a 15% to 25% fee to tackle your debt; this could be a percentage of the original amount of your debt or a percentage of the amount you’ve agreed to pay.

What are the negatives of debt settlement?

Disadvantages of Debt Settlement

  • Debt Settlement Fees. Many debt settlement providers charge high fees, sometimes $500-$3,000, or more.
  • Debt Settlement Impact on Credit Score.
  • Holding Funds.
  • Debt Settlement Tax Implications.
  • Creditors Could Refuse to Negotiate Your Debt.
  • You May End Up with More Debt Than You Started.

Does freedom debt relief hurt your credit?

4. Does the Freedom Debt Relief program permanently harm my credit score? No. The negative impact to Freedom Debt Relief clients (who complete the program) is usually temporary.