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National Financial Relief

Debt Management vs Debt Settlement

DMPs are 3-to-5 year programs. If you drop out of the program for any reason, you lose all the concessions creditors made for you on interest rate reduction and elimination of penalties for late fees

Compare & Evaluate

A Debt Management Plan (DMP) is an informal agreement that allows you to lower your monthly debt repayments to an amount that is more affordable for your circumstances. Your monthly debt management payment is determined by analyzing your income, expenses and financial priorities and seeing what money you have left over to pay to your creditors each month.

This debt payoff tool puts you on a path to pay off your debts by combining several debts into one monthly payment with a reduced interest rate. A financial counselor will meet with you to discuss your circumstance and arrange repayment to each of your creditors. The counselor will try to reorganize your debt, so it’s cost effective and more affordable. This type of debt relief often requires that you pay the entire amount owed. Having to pay back your entire balance owed usually requires higher monthly payments limiting your total monthly payment relief. Another downside to DMP is missing a payment can derail the plan and end your interest rate cuts causing you to have to restart your program from the beginning. 


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.


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.

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*We're so confident that we can help you achieve your goal of becoming debt-free in a reasonable time, that we back it up with a 6-month 100% money back guarantee on the services, support, and benefits you receive.