• Lower your monthly payments
  • Reduce stress and live your life
  • Avoid personal bankruptcy court

National Debt Relief Program

What is a good national debt relief program and what can it do for you? Is it better than filing bankruptcy or non profit credit counseling. What kind of debt relief are we talking about here? What are the best debt cures out there?

When you talk about debt relief, there are many things you could be talking about. But for this debt relief program we are talking about debt settlement, sometimes referred to as debt negotiation. People think of the words as interchangeable even though they mean slightly different things.

Debt settlement allows many people who are suffering from massive credit card debt or other unsecured loans to drastically reduce those credit card balances in a relatively short period of time. How short? As quick as 12 months. In less than 1 year you could be credit card debt free.

One of the leaders in debt settlement offers a national debt relief program in all 50 states. This debt settlement company is called National Relief. They offer debt relief with no upfront fees and you can get all your money back at anytime without any penalty or fees. They are also fully FTC compliant and have one of the lowest success fees in the industry.

How much does credit card debt settlement cost?

In years past, you could expect to pay an upfront fee and a monthly fee to have a debt settlement firm settle your debts with your creditors. This was at least 15% of your outstanding balance. Sometimes it went higher up to 25% or more.

And these companies made no guarantees that your creditors would be willing to reduce your balances with a debt settlement offer.

Now in 2011 and into 2012, companies can only charge a fee after they have delivered savings on your debts. They only get paid if they reduce your balances. You can think of it like a contingency fee for a law firm that only gets paid when they win a case. In this case the “winning” comes from getting your creditors to agree to a lump sum payment for a forgiveness of your entire debt.

On average you will have to pay a 20% fee based on the savings of your debts. So if you get credit card debt forgiveness of 50% by Bank of America, Chase, HSBC, Advanta, Citibank, Discover Card, FIA Card Services, Wells Fargo, American Express, US Bank or Capital One Bank then you will end up with a savings of 30% after the success fees.

Discover and Novus retired acceptance mark (st...

A National Debt Relief Program can help settle Discover Card debt

For example, one of your creditors could agree to forgive your $10,000 Visa or MasterCard for a lump sum payment of $5,000. Then you would have to pay a $2,000 success fee. However in many cases you can get a higher reduction percentage on your debts. Sometimes as low as 25%. But we don’t want to give you the best case scenario. It’s better to give an average scenario so that your hopes are not too high when your creditors do not agree to a 25% settlement offer.

Each credit card bank is different and not all of them will be willing to settle your accounts for less than full balance.

Debt settlement is a better alternative than filing for Chapter 13 bankruptcy. The effects on your credit report and score are similar but with debt settlement they do not last as long. You can recover from debt settlement in 12 to 24 months and be able to buy a house or car shortly thereafter. This is not the case with a bankruptcy filing.

Even though National Relief offers a national debt relief program in all 50 states, it is not for everyone. There are some situations where it may not be a good idea to pursue this debt elimination method. They may guide you down a different path that works better for your unique circumstances.

Fortunately, they offer a free debt analysis to discuss your financial crisis and they can work with you in deciding if debt settlement and debt negotiation is one of the best debt cures for you and your family.

Credit Card Debt Cures

If you are tired of all the lies and scams and want the honest truth about how to get a handle on your credit card debt and get rid of it once and for all, you need credit card debt cures. Learn how a father of 2 paid off $100,000 in credit card debt without bankruptcy, debt consolidation, credit counseling, debt settlement, or debt negotiation.

You can learn the secrets to paying off your credit card debt fast and use the banking rules against them.

Visit credit card debt cures before it’s too late.

-Adam

Debt Cures Reviews

Consumer Credit Counseling Fails 75% Of The Time!

Non profit Consumer Credit Counseling is another popular debt relief method but you should know the facts about this so called solution. Consumer credit counseling and debt consolidation are grouped together and they have an abysmal failure rate. You can expect to NOT complete a credit counseling program 3 out of 4 times. That is a 75% failure rate. You can read about the statistics here.

So that rules out chapter 13 bankruptcy, debt consolidation, and non profit consumer credit counseling as debt cures for your personal unsecured credit card debt.

There are better options out there that have proven results for eliminating your credit card debt.

What does work?

Do it yourself debt settlement.

“With the ZipDebt program, within the 6-12 month coaching period, 71% of clients report full success with the program, 78% or more report being at least halfway done with their settlements, and 94% report at least one settlement.”

You can use debt negotiation and debt settlement to drastically reduce your balances. You can do it all by yourself without hiring a debt settlement firm and you can do it over the phone. You don’t need a credit card debt settlement letter. Letters through the mail take too long. You can get the best settlement offers over the phone.

So if you are experiencing high credit card debts and you are struggling to get by, you owe it to yourself to learn more about settling your own credit card debts. It’s the cheapest option and the one most likely to succeed. Much better than chapter 13 bankruptcy, debt consolidation and consumer credit counseling.

It worked for me to the tune of $43,250 settled for $13,054 on 3 credit cards and reduced a 4th balance from $10,160 to $7778 with a 1% APR interest rate for 5 years.

This is the best Debt Cure I have found and it can work for you.

Let me know if you have any questions or comments below.

Thank you,

Adam

Debt Cures Reviews

Chapter 13 Bankruptcy Fails 67% Of The Time!

Hello-

I just finished reading an excellent blog post on the Zipdebt blog about the various success rates of the popular Debt Cures: bankruptcy, credit counseling, using a debt settlement company and negotiating your own debts. The most surprising results were that using a debt settlement company fails over 66% of the time, using credit counseling fails 75% of the time, and bankruptcy fails 67% of the time!

What does work?

Do it yourself debt settlement.

“With the ZipDebt program, within the 6-12 month coaching period, 71% of clients report full success with the program, 78% or more report being at least halfway done with their settlements, and 94% report at least one settlement.”

No other debt settlement program can claim such high success rates.

You can settle your bad credit card debts for 33.4% on average, compare that to 40% to 60% the debt settlement firms advertise.

So if you are experiencing high credit card debts and you are struggling to get by, you owe it to yourself to learn more about settling your own credit card debts. It’s the cheapest option and the one most likely to succeed.

It worked for me to the tune of $43,250 settled for $13,054 on 3 credit cards and reduced a 4th balance from $10,160 to $7778 with a 1% APR interest rate for 5 years.

This is the best Debt Cure I have found and it can work for you.

Let me know if you have any questions or comments below.

Thank you,

Adam

Debt Cures Reviews