National Financial Relief
Debt Consolidation vs Debt Settlement
Getting a Free Debt Analysis of your financial situation is important in understanding which option might be best for you.
National Financial Relief
Debt Consolidation
If you are having difficulty keeping up with your debt repayment we may be able to help. We can advise you of all options available and could help reduce your debts to an affordable amount.
Compare & Analyze
Debt consolidation is the process of combining all of your unsecured debts into a single monthly payment by obtaining a debt consolidation loan. The loan is used to pay off your debts, then you pay off the new consolidation loan rather than dividing your payments to your creditors. You may be able to take out a debt consolidation on your own using a home equity loan or a debt consolidation loan from a bank.
It Does Not Reduce Your Debt
After consolidating your debt, you may feel like your debt burden has been lifted. However, it’s important to remember that you still have the same amount of debt as before. Now, instead of having multiple accounts to pay, you have just one. This may ease the stress of managing multiple payments, but it doesn’t mean your debt has lessened.
Be Alert
It’s easy to run into a debt consolidation company that may push you to get a high-interest-rate loan that costs more in the long run than paying your debts off on your own. Other companies pocket your monthly payment instead of sending it to your creditors, leaving you with damaged credit. It’s important that you evaluate debt consolidation companies and their products carefully so that you don’t end up in a worse situation than when you started.
Many people who consolidate their debt often end up with new debt within a short period after consolidating. What’s worse is they have this new debt on top of the debt they’ve consolidated, which compounds the debt problem. It happens because consolidating debt often frees up available credit, and many people cannot resist using it. If you consolidate your debt, it’s better to close your old credit card accounts and focus only on paying off your consolidated debt.
VS – DEBT SETTLEMENT OPTION
With the option of debt settlement, your debt settlement company negotiates with the lender to agree upon a settlement balance often less than what is owed, to repay the debt. This form of relief is less harmful to your credit score than bankruptcy and can offer some immediate relief from financial pressure drastically lowering your monthly payments.
Which debt relief option is best for you? For many, the answer is debt settlement. But is that the best option for relieving credit card debt? It’s important to review all your options and make the best decision based on your financial reality. Getting a Free Debt Analysis of your financial situation is important in understand which option might be best for you.
- At "National Financial Relief" we are driven to providing Debt Relief to people who really need it.
Why Choose National Financial Relief?
1. No Upfront Fees - Saving time and money
We do not charge upfront fees and work within the rules and regulations of the Federal Trade Commission (FTC) insuring to protect consumers from abusive practices of some debt relief companies. You don’t pay unless you see results first.
2. Instant set up
Flexible plans that can meet any budget. Unlike traditional debt settlement companies, our program terms are structured around your financial hardships and budget allowing us to help more clients become debt free.
3. High acceptance rate
With years of negotiation experience and strong relations with creditors, collections companies and law firms across the country, each clients Debt Resolution plan is carefully reviewed to ensure the best possible outcome for any debt enrolled
4. Excellent Customer Service
Our customers come first. Our team of customer service agents understand the financial difficulties our clients are faced with and will assist every step of the way. With years of experience helping clients, each CSA is highly trained and knowledgeable to answer any question quickly and professionally.
Our Philosophy
At National Financial Relief we are driven by providing just that… “Debt Relief” to people who really need it. We believe that everyone should have access to sound advice, information and the best possible options for their situation. We pride ourselves on offering good quality, caring customer service. Our philosophy is reflected in the feedback we receive from our many happy clients and the results in the successful plans we put forward. Read some of our testimonials below taken from our many client reviews.
