Creditors regularly settle debts rather than simply charge interest and repeated late fees when they realize the debt will eventually default. Collection Agencies can be made to realize that a client’s bad financial position will no longer result in monthly payments. Circumstances may result in bankruptcy or the debtor may simply do nothing. NO return. As a result; they’re usually willing to settle for a significantly lower amount (often 60%), and given the hardship, they risk getting nothing at all, especially with legal bankruptcy among the alternatives.

Qualified candidates are those who have a legitimate financial hardship, which has caused them to fall behind on their payments to creditors, or will cause them to fall behind in the near future. National Debt Law will not welcome anyone into the program that has the intention of defrauding, deceiving, or swindling their creditors. We only represent consumers who are truly in need of our services & stand to significantly improve their financial situation.

Our experienced debt arbitrators have established impeccable relationships with creditors and collection agencies. Our arbitrators have extensive knowledge in Federal and State consumer laws & exercise the Fair Credit Reporting Act, Fair Credit Billing Act, as well as the Fair Debt Collection Practices Act to help settle your debt.

Your funds will be held with an FDIC-insured Dedicated account. This account will be opened in your name with you having ultimate control over its funds. The monies collected in this account get disbursed only at the time a negotiation is reached with the creditor and you agree with the settlement offer.

We are not here to advise you not to pay your debts. However, if you are in a situation where it is hard to keep up with even the minimum payments, you might be in a legitimate hardship. Due to your legitimate financial hardship, you are able to participate in this savings program in order to help pay your debts in the future.

No, you do not have to include all debts in the debt settlement process. You may choose which debts you would like to enroll in the program. Your debt consultant will help you decide the best plan of action based on your current financial situation.

The IRS considers a forgiven debt as taxable income, so at the end of the year they will expect taxes to be paid on the settlement. IRS Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness, may exempt you from this tax. Please contact a tax adviser to discuss this issue further.

Debt relief options are financial solutions that offer a way out of debt. Debt relief options can be used to help you manage your debt and get back on your feet. There are many different types of debt relief options to choose from. It is important to understand the pros and cons of each option before deciding which one is best for you.

Debt settlement is an option that allows you to pay off a certain percentage of your total debt, with the remainder being forgiven by the creditor, while a consolidation loan will allow you to consolidate all your debts into one new loan with a lower interest rate and monthly payments.

National Debt Law debt relief services can help you if you are struggling to pay your bills or if you have been unable to pay them for more than 90 days. Debt Relief can help people who have not been able to keep up with their monthly payments, as well as people who are late on payments and those who have missed payments altogether.

Debt Relief is a very popular option for people of all income levels. The process is similar for everyone, but the amount of money debt relief saves someone varies depending on how much they owe and their income level.

No matter the reason for your financial difficulties – from medical bills to divorce – there is hope. Learn about different types of bankruptcy and when it may be appropriate for you. Call National Debt Law today  to learn first-hand about the benefits of debt relief and debt management.

We provide comprehensive debt relief services and  we fight for our clients through debt negotiation. Once you enroll in our debt relief program, it’s not just you versus your creditors. We’re debt relief professionals ready to help you get out of debt and back to managing your life. You not alone anymore. Our friendly customer service representatives are always ready to answer your questions or listen to your concerns.

Debt relief can help you to find a way out of your debt and avoid bankruptcy.

It is important to know the difference between debt relief and bankruptcy. Debt relief is for those who are in financial distress but are not interested in, or yet eligible for bankruptcy. Debt Relief vs Bankruptcy:

Debt relief is for those who are in financial distress but are not yet eligible for bankruptcy. Bankruptcy, on the other hand, will eliminate all of your debts at once and can be a good option if you have too many debts and cannot repay them. However, it will stay on your credit report for 10 years so it may affect your ability to get loans or credit cards in the future.

National Debt Law’s debt relief program’s cost and value can be explained with a simple math equation. If a person owes $20,000, our fee would be $5000. However, if (when) we are able to reduce that $20,000 debt to $10,000, that person would pay our 25% fee and still come out ahead by $5000, and be completely debt-free.

The National Debt Relief program to settle your debts can actually cost you less than if you pay off credit card debts yourself over a five-year period. If you owed $10,000 at 15% and your goal was to become debt free and assuming your monthly payment was $225 you would not be debt-free for 5 years, and you would have paid $4688 in interest. In comparison, if we were to handle that $10,000 debt with a 20% fee it would cost you just $2000 or $2688 less than if you were to pay off that credit card debt yourself.

National Debt Law charge a performance-based fee for our comprehensive debt relief and negotiation services. Fees that can be legally charged vary by state, and, the amount of your debt. Our fees range between 15% and 25%. When you compare these fees to the thousands of dollars in interest you will pay on credit cards while struggling to pay them off, you can still expect to save a significant amount of money with National Debt Law.

All program fees are included in your Dedicated Savings Account deposit. We earn nothing for our work until we’ve achieved the results that you want and have previously agreed upon when signing up for the program.

We Do Better When YOU Do Debt Better