Credit debt settlement is a burning issue these days because this option is bringing new hopes for financially deteriorated credit card debtors in realizing them that they can restore balance in their lives by repaying their unsecured liabilities affordably. Credit debt settlement is extricating thousands of credit card debtors from ultimate bankruptcy as they are coming nearer to it by each passing day.
Credit debt settlement is their last hope or option through which they can get rid of their massive unsecured liabilities which they had incurred with the intentions of repayment but unfortunately the recent financial turmoil disrupted their dreams and assumptions and made them helpless. They are certainly coming nearer to bankruptcy but they must keep in mind that their bankruptcy whether intentional or unintentional will prove catastrophe.
Bankruptcy will certainly destroy their existing material or non material assets as they would be entitled to their creditors in response of their financial claims by the court of law. You will become penniless and you have to re-start your life by rebuilding your financial capabilities. In other words, you will have to start your life from zero as nothing will be left with you. That's why it is imperative and beneficial to avoid bankruptcy at any cost and seek some alternatives.
The best alternative to bankruptcy is the debt settlement program. Through this option debtors can not only avoid bankruptcy but they can also easily get rid of their massive unsecured liabilities. This program can solve their credit related problems and can enable them to rebuild their financial empire which was damaged due to recent financial instability. This relief program, if intelligently and efficiently handled, could result in massive debt elimination. Yes, debtors' liabilities could be legally eliminated by more than 50 percent.
This legal reduction actually depends on the underlying negotiation process of the debt settlement program. This process must be handled carefully and skillfully that's why hiring debt negotiation companies is imperative for this purpose. These companies use their expertise in the wider interest of debtors and try their best with their special tactics to compel creditors for maximum debt elimination of debtors.
According to some consumers, National Debt Relief Program is a scam. Customers feel that the program is all about settling unpaid dues for less than the original balance. They say that anyone joining the program is asked to stop making payments before the company starts negotiating with the creditors. However, the negotiations don't begin until the customer accumulates enough funds for the settlement. This hurts the customer's credit scores big time.
Here are some observations that consumers made about the program:
A way of making money: A poster in the DebtCC forums claims that National Debt Relief Program is a scam. He says that the company offering the program does little to reduce the debt payments; rather they are more concerned about making money. Read more.
No written document: A person says that NDR does not provide you with any written document. So, you are unaware of whether there has been any agreement between them and the creditors. He feels that when you have no written agreement, you can do nothing if you end up being sued by the original creditor. Get the details.
Misjudged as Government agency: Some customers say they misjudged NDR as a government organization. However, the company bears no connection whatsoever with the National Debt Relief Stimulus Plan which is a government-backed program offered to those who are struggling to pay their bills. Neither does it have any connection with National Credit Relief Agency which is a financial counseling company. Know more.
Has anyone had any good experience about this program?
You should really get some
http://www.nationalrelief.com/
Some people say that they've really benefited from the National Debt Relief Program. A few of those experiences are given below:
The program is helpful: A customer claims that the program really helped him in settling the debts. He says that he was able to settle debts worth $80k for just about $30k over a period of 3 years. He also stopped getting calls from creditors after he enrolled in the program. He claims that the program helped him increase his credit scores even up to 650. Find more.
The company is reliable: Another person says that NDR, the company supposedly offering the National Debt Relief Program, has a B+ Rating with the BBB and is a member of TASC, USOBA and IAPDA. He says they are not a scam company in any way. They actually negotiate with your creditors and help you get rid of debts. Check out in detail.
It's important that consumers do research thoroughly about any debt relief company prior to enrolling in their program. They should check the licensing status, accreditation and consumer feedback before going for programs like the one offered by National Debt Relief.