If you are in debt, you are aware of how debilitating and lonely it can be. You’re not alone, though, in actuality. Americans experienced a temporary respite from debt during the COVID-19 epidemic, but since then, consumer debt has increased once more.
According to Federal Reserve figures reported by Motley Fool, as of the fourth quarter of 2023, Americans owned a record $1.129 trillion in credit card debt.
In actuality, you’re not alone at all. The most crucial thing is to properly manage and create a plan for paying off your debt. Although there are numerous solutions available, not all of them truly eliminate the debt.
Additionally, there is one tactic that businesses like National Debt Relief provide that is sometimes completely disregarded.
An Ignored Method for Repaying Your Debt for Much Less Than You Owe
Using debt settlement and consolidation services, like those provided by National Debt Relief, is one of the most underutilized strategies for debt relief.
You could be able to pay off your debt for a lot less money if you use this strategy.
This is how it operates: First, schedule a free, no-obligation appointment with a Certified Debt Specialist at National Debt Relief to briefly discuss your circumstances. After that, if their program appeals to you and you’re eligible, they’ll create a personalized plan that fits your needs and your budget.
Through debt settlement, you may pay less than what you owe and pay off your debt much more quickly because National Debt Relief’s professionals will negotiate a reduced sum directly with your lenders on your behalf.
Your whole debt will be consolidated into a single new loan—ideally with a cheaper interest rate—through debt consolidation. In the long term, this will help you pay off your debt more quickly and save money on interest.
You may analyze the benefits and drawbacks of each choice with the assistance of National Debt Relief’s specialists.
The National Debt Relief: Why?
National Debt Relief, with its headquarters in New York, works to inspire, encourage, and mentor customers toward financial wellbeing in an effort to “redefine the debt-settlement journey.”
National Debt Relief has assisted more than 550,000 people in paying off more than $11.5 billion in debt since its foundation in 2009. The business has an A+ rating and is Better Business Bureau recognized.
Additionally, Forbes Advisor ranked it as the best debt-settlement firm in 2023 and 2024.
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According to Natalia Brown, Chief Compliance and Consumer Affairs Officer at National Debt Relief, “we’re not only focused on providing our clients with personalized guidance and partnership to get them out of debt quickly and affordably— we’re also focused on normalizing the conversation around debt” in a press release from January.
She went on to say that in order for individuals to overcome their debt and resume living the lives they had always imagined, it is critical that they “feel more comfortable speaking about their situations and seeking support.”
Which Debt Types Are Helped By National Debt Relief?
In order to lower debt loads, National Debt Relief works daily with banks and major credit card companies to cover the majority of unsecured debt. Indeed, they have been in contact with over 20,000 creditors for a very long time. Its services encompass the following debt types, to name a few:
- Credit Cards Individual Debts
- Credit lines Medical bills Collections
- Takebacks
- Company Debts
- Some Student Debts
To discuss your financial position and discover all of your choices, schedule a free, no-obligation consultation with one of National Debt Relief’s Certified Debt Specialists. After that, you may decide what will work best for your particular circumstance.
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If you are eligible, have a look at some of the several debt relief alternatives available:
Relief from Credit Card Debt
National Debt Relief can assist you in determining the most effective strategy for lowering and eliminating credit card debt. Their professionals bargain directly with your lenders to reach a lower payment arrangement that allows you to pay off debt more quickly and in smaller installments.
Put your money to work for you.
Consolidation of Debt
Credit card debt repayment options are furthered by debt consolidation loans. These are particularly useful if you have several credit card bills from several lenders, each with a different interest rate.
All of those obligations are combined into a single new loan, usually with a set reduced interest rate, through a debt consolidation loan.This can help you become debt free much sooner and save you a ton of money in interest payments over the course of the loan.
Relief from Personal Loan Debt
Options for relieving personal loan debt are numerous. Making the best choice for your debt load, credit score, and short- and long-term objectives might be aided by National Debt Relief. These loans typically don’t demand collateral because they are unsecured.
Relief from Medical Debt
Medical debt is the most prevalent type of debt on American consumer credit reports, and it’s something that many people will encounter at some point in their life, according to the Consumer Financial Protection Bureau. Services are provided by National Debt Relief to assist customers in escaping medical debt.
Relief from Marital Debt
The term “marital debt” describes the costs you incurred as a married couple. National Debt Relief assists couples in adhering to a plan for paying off credit card debt.
In Summary
Debt is a typical occurrence.
Creating a plan is the first step. It simply takes a few minutes to get started here and schedule a free, no-obligation consultation to learn more about your alternatives if you’re ready to take the first step toward debt freedom. Your debt might be paid off for a lot less than what you really owe.