If you're unable to pay your creditors, filing for bankruptcy can help you get a fresh start by liquidating your assets to pay off your debts or create a payment plan. But you should first consider other debt management options. Bankruptcy information stays on a credit report for 10 years and can make it difficult to get credit, buy a home, get life insurance, or sometimes get a job.
Look for a nonprofit credit counseling organization that belongs to either the National Foundation for Credit Counseling (NFCC) or the Financial Counseling Association of America (FCAA). They ensure member agencies pass rigorous standards set forth by the Council on Accreditation or another approved third party, and that their counselors pass a comprehensive certification program. Even if they are members of such organizations, though, be picky.
You’ll pay a nonprofit credit counseling agency to consolidate your debts into one monthly payment, while also reducing your interest rate, in an effort to pay off your debt faster. This is a good option for consumers in credit card debt who have a steady income to repay the debt within three to five years. Unlike debt settlement, a debt management plan should help improve your credit score.
The potential to be sued for debts due to non payment is what causes consumers to reach out to a debt settlement attorney to learn further about their options. In my experience consumers typically accuse National Debt Relief of not settling their debts in time to avoid the lawsuit or not informing them that they could be sued on the debts when it all could have been avoided in the first place had the consumer talked to a debt relief attorney from the beginning of their financial problems.
But sometimes, disaster strikes and people are forced to confront their circumstances head-on. A series of unfortunate events — a sudden job loss, an unexpected (and expensive) home repair, or a serious illness — can knock one’s finances so off track they can barely keep up with their monthly payments. And it’s in these moments of disaster when we finally realize how precarious our financial situations are.
Credit Repair: Be suspicious of claims from so-called credit repair clinics. Many companies appeal to people with poor credit histories, promising to clean up their credit reports for a fee. But anything these companies can do for you for a fee, you can do yourself — for free. You have the right to correct inaccurate information in your file, but no one — regardless of their claims — can remove accurate negative information from your credit report. Only time and a conscientious effort to repay your debts will improve your credit report. Federal — and some state — laws ban these companies from charging you a fee until the services are fully performed.
However, there are impacts to your credit that don’t affect your score. While on a Debt Management Plan, a client’s credit report will have a notation that he or she is currently enrolled in a Debt Management Plan. While that notation is active, they will not be granted new credit. Plainly, this is an impact to one’s credit that should be considered. But the notation goes away when the Debt Management Plan is complete, and doesn’t have a lasting impact on one’s credit.
Pardon me for being rude, but – are you insane, bad at math, or only joking? In what way do you believe “the tax code is better being self employed”? Unless you make over $127,200 the taxes are much HIGHER on self-employed individuals. I say this as a former employee, now an independent contractor and small business owner being taxed literally to death for the last 13+ years. Self employed people making under the Social Security cap pay an additional 7.65% tax. And yes, you can “give yourself a raise” but YOU are the one paying yourself, so…
You’ll pay a nonprofit credit counseling agency to consolidate your debts into one monthly payment, while also reducing your interest rate, in an effort to pay off your debt faster. This is a good option for consumers in credit card debt who have a steady income to repay the debt within three to five years. Unlike debt settlement, a debt management plan should help improve your credit score.

Whether you’re worried about being able to make ends meet, considering filing for bankruptcy, or just totally lost about the debt relief process, give us a call. Our specialty is connecting you with trained experts who are able to help you get the debt relief you want regardless of your specific situation. Better yet, the advice we give is always 100% free!


We are a nation that pays far too much attention to education for the young, but not financial education, just all the subjects one needs to have a well-rounded understanding of the world and our place in it. Why not give our children the financial tools for them to succeed while their minds are most formative, so they can be prepared to be entrepreneurs at an earlier age? This may be the one thing we are missing which could change our entire future as a nation.
If you're interested in starting a debt management plan, you'll first need to find a credit counselor. The Federal Trade Commission recommends you never agree to any debt management plan until a reputable credit counselor has thoroughly reviewed your financial situation with you. The U.S. Department of Justice maintains a state-by-state list of approved credit counseling agencies, so you can search for someone near you.
If you’re struggling with more bills arriving each month than you’re able to pay, you might consider working with a debt settlement company (which is different from a debt consolidation company, although many do both). Debt settlement companies can be helpful, but consumers should learn about how these services work before making any agreement. Here’s what you need to know to determine whether debt settlement is right for you.
Make a budget plan: Create a budget plan to save a set amount every month. Free up as much money as possible to reduce your outstanding balance. List your fixed and variable expenses. Fixed expenses include rent, mortgage, food, insurance premiums, etc. Variable expenses include gym memberships, Netflix subscription, shopping, etc. Cut down your variable expenses and use the saved money to make additional payments to your creditors.
The second thing that you can do is trim your expenses. Go over each line item on your budget and ask yourself, “how can I make this number smaller?” It may involve cancelling services that you rarely use like a gym membership, Netflix subscription, etc. It might even involve reducing the amount of times that you eat out at restaurants each month. The amount that you slash depends upon your commitment level to getting out of debt.  The more committed you are, the easier it will be for you to give up some of the unnecessary amenities in life. You might not even need to sacrifice much if you can find these items or services for less. Check out Clark’s Free and Cheap List to help you with this process.
1. These programs often require that you deposit money in a special savings account for 36 months or more before all your debts will be settled. Many people have trouble making these payments long enough to get all (or even some) of their debts settled, and end up dropping out the programs as a result. Before you sign up for a debt settlement program, review your budget carefully to make sure you are financially capable of setting aside the required monthly amounts for the full length of the program.
Over time, your small balances should disappear one by one, freeing up more dollars to throw at your larger debts and loans. This “snowball effect” allows you to pay down smaller balances first — logging a few “wins” for the psychological effect — while letting you save the largest loans for last. Ultimately, the goal is snowballing all of your extra dollars toward your debts until they’re demolished — and you’re finally debt-free.

Savings: National Debt Relief claims its clients realize an approximate savings of 30% when including its fees. This savings applies only to clients who stay with the program until all of their debt is settled. While National says the majority of people who enroll in the program complete it, some customers drop out for various reasons, including the inability to save enough money to settle debts.
Much of what debt management companies do involves simply contacting your creditors and negotiating alternative repayment plans, hopefully with reduced interest rates and fees. If you are struggling to make payments, you can usually do this yourself. Most creditors will be eager to help you meet your debt obligations because they want to help you avoid bankruptcy, which sucks for them. Talking to your creditors directly isn’t pleasant, and it may not be easy, but it can be done.
Credit limitation: Like a balance transfer, a personal debt consolidation loan is usually only a viable solution for consumers who have a good credit score. The higher you score, the lower the interest rate you can qualify for on the loan. APR of 5% is ideal, but anything below 10% may be enough to provide the relief you need. If you can’t qualify for a rate below 10%, look for other options.

We are dedicated to helping individuals and families rid their lives of burdensome debt. We specialize in debt settlement and have negotiated settlements for thousands of creditor and collection accounts. We provide our clients with both our expertise and our proven results. This means helping consumers in their time of hardship to get out of debt with the least possible cost. It can also mean conducting financial consultations, educating the consumer and recommending the appropriate solution. Our core services offer debt settlement as an alternative to bankruptcy, credit counseling, and debt consolidation. We become your number one advocate group to help you re-establish financial stability as quickly as possible.


The biggest qualification with National Debt Relief is the ability to make monthly payments into the 3rd party settlement fund. In many cases, this amount will be lower than the current payments to creditors. Customers must owe more than $7,500 and be sufficiently behind in payments as to incentivize creditors to negotiate, usually several months. Finally, customers must be going through a financial crisis with no quick end in sight. This could be due to a recent job loss or reduction in hours, a separation or divorce which caused a reduction in income, death of a spouse, unexpected medical or hospital bills, student loans, or IRS taxes to name a few. This is so National Debt Relief can prove financial hardship and show creditors you qualify for debt settlement.
Today, I have no consumer debt. By choice, I’m not debt-free. I do have a mortgage on my primary residence even though I could pay it off. I also did not pay off my student loans early. In these cases, I’m using debt conservatively and consciously to advance my financial goals. But all the nasty stuff—credit cards, personal loans, and an auto loan—is long gone.
I guess they're okay but definitely not what I expected. Quite honestly, I am only saving about $5000 but at what costs? My credit score is dramatically increasing every month just to save $5000. Not worth it in my opinion. Then all the settlement fee and legal option fee they charge. There's also a monthly customer fee. I think a person is better off doing settlements on their own if this is going to happen. but so far i'm 2 for 10 in settled cards.
Such a scam, they make you believe they're helping you but in reality they are ripping you off. They are charging you for something you can do on your own. There is nothing special about this company, please don't waste your time and money. Wish someone told me this before I signed up. I never write reviews but I feel so strongly about this that I had to try to stop someone else from making the same mistake and sign up with National Debt Relief.Read More
Debt settlement. Debt settlement programs typically are offered by for-profit companies, and involve them negotiating with your creditors to allow you to pay a "settlement" to resolve your debt — a lump sum that is less than the full amount that you owe. To make that lump sum payment, the program asks that you set aside a specific amount of money every month in savings. Debt settlement companies usually ask that you transfer this amount every month into an escrow-like account to accumulate enough savings to pay off any settlement that is eventually reached. Further, these programs often encourage or instruct their clients to stop making any monthly payments to their creditors.
Founded in 1951, the National Foundation for Credit Counseling® (NFCC®) is the nation's first and largest nonprofit dedicated to improving people's financial well-being. With nearly 600 member offices serving 50 states and Puerto Rico, our NFCC® Certified Credit Counselors are financial advocates, empowering millions of consumers to take charge of their finances through one-on-one financial reviews that address credit card debt, student loans, housing decisions and overall money management. Make one of the best financial decisions of your life. For expert guidance and advice, call (800) 388-2227.

Budgeting apps, software and services can help you find financial enlightenment and empowers you to maintain your progress. You don’t need a fortune in the bank to create a budget that works and constantly improve it. Start by entering your income and recurring expenses. Overestimate important costs such as utilities, transportation and food to allow yourself a little buffer. Use your budgeting tool to help you spot areas where you can cut back. Whatever money is left over after paying your monthly expenses should go directly toward outstanding debts.

Credit counseling works because it provides people with the time and tools to focus on their financial situation. The nonprofit version of this service provides a holistic, high-level view of an individual or family’s debts, assets, income and expenses before recommending a debt relief strategy. These services work because the solutions provided are personalized and specific, and because counselors are well-trained and non-biased.
A third benefit offered through a DMP is the process of bringing delinquent accounts current. Often called “reaging” an account, it occurs after making a series of on-time payments through the debt management program.  Re-aging does not eliminate prior delinquencies; it allows a debtor a fresh start and an opportunity to begin building a positive payment history.
At the same time, a debt management plan can put a damper on your plans. Once you enter a debt management plan, you won't be able to take out debt to purchase a car or a home. Instead, you'll have to wait until the debt management plan is complete or you may face penalties from creditors that agreed to your debt management plan. While this isn't always a bad thing, since it helps you live within your means, it can delay plans you had for your future.
I called this place because obviously I was in debt and was looking for options on how to get out of it. My friend showed me the commercial and I got the phone number and called them to see what they were about. I spoke with Mawan who at first was extremely pleasant and informative about the program and sold it very well. Although I was convinced, I had also mentioned to her that I had a scheduled appointment the following day to speak with my lawyer about other options. She said it was fine and that we can get started in enrolling me and that if i had decided to go down a different route to just let them know and they would cancel the contract without penalties. I agreed I signed the paper work they emailed me with her over the phone and as we were going through it, I noticed a few a things that made skeptical but I reluctantly signed anyway because it mentioned in there that I had 3 official days to cancel without penalties, and so I kept this in mind. The following day I went and spoke to an actual professional in which helped me to decide that "National Debt Relief" was not the best option for me. NDR called me to complete my enrollment and during that phone call is when I mentioned to them that I didn't want to join their program because I would have in fact been paying more than I would need too and also the simple fact that I was NO LONGER INTERESTED. They tried transfering me to Mawan to discuss cancellation and she was busy so they transferred me to the "manager" if i am not mistaken and she very briefly asked me questions about why I didn't want to stay with program and yada yada. Like i mentioned I told them I was no longer interested and I didn't want to pay them the extra 25% and she strangely told me ok and that it would be cancelled and then we hung up. I thought we were done. Nope! Mawan calls a couple minutes later to (in my opinion) try to convince me to stay with the program but to ALSO ask me why I didn't want to do it. I, by this point am annoyed because I shouldn't have to explain myself. I didn't want to do it and that was that. I guess she heard it in my tone that I didn't want to hear it and that my decision was final. She very clearly got upset and started to rudely dismiss me but as she was hanging up proceeded to say and I quote "maybe you SHOULD file for bankruptcy then" with mal intent. I personally found it funny but I just wanted all to know that these people don't really care about what we are going through. They are simply doing their job and selling a scam to people who are truly in need of any help and they are making money while doing it. Thank you for your time but no thanks. I wouldn't recommend NDR to anyone who owes lots of money.

Please note that all calls with the company may be recorded or monitored for quality assurance and training purposes. *Clients who are able to stay with the debt settlement program and get all their debt settled realize approximate savings of 50% before fees, or 30% including our fees, over 24 to 48 months. All claims are based on enrolled debts. Not all debts are eligible for enrollment. Not all clients complete our debt consolidation program for various reasons, including their ability to save sufficient funds. Estimates based on prior results, which will vary based on specific circumstances. We do not guarantee that your debts will be lowered by a specific amount or percentage or that you will be debt-free within a specific period of time. We do not assume consumer debt, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Not available in all states. Please contact a tax professional to discuss tax consequences of settlement. Please consult with a bankruptcy attorney for more information on bankruptcy. Depending on your state, we may be available to recommend a local tax professional and/or bankruptcy attorney. Read and understand all program materials prior to enrollment, including potential adverse impact on credit rating.
But with the help of her credit counselor, she worked out a plan that got her out of debt in just 3 years. When she saw her credit card balances going down, she knew she made the right decision. With the money she’s saving, she plans to make a great down payment for a brand new car. And she looks forward to not stressing about how she’ll be able to afford the payments.
Let me start with what we are all here for, the pay is amazing. That being said in the time I have been here not only was educated on financial literacy but was able to see it first hand. 4 years ago I started working here and at that time I had 13k in unsecured credit cards. my credit score was a disappointing 475. by the time I was done I finished with a 709 credit score, was debt free was able to not only provide for myself but move my entire family into a new place. the environment is fast-paced and pushes you to push yourself. Since working here I have helped, my mother, sister, and finance. stability has changed my life and how my approach to it.
A typical day involves making 300-400 calls and enrolling as many clients as possible while following the script provided and guidelines that are continuously changing. Management focuses on production and retention of clients after enrollment, several meetings are planned daily for Managers and team leaders with emphasis on monitoring your team/sales agents.
Finally, see how much you have left to live on each month. From your monthly take-home, subtract your necessary expenses and your projected 20% debt payment. Divide the leftover by 4.33 to see how much you can spend each week. Is this enough to live on each week for your dining out, shopping, gym, entertainment, travel, gifts, cable, health and other costs?
I was referred to Premier by a family member. During my free consultation I no longer felt bad about my finances, Rikki made me feel better about taking the steps needed to move forward and that I was not alone. You don’t realize how many people are struggling or have struggled until you reach out for help. Thank you so much for helping me get back on track!

Depending on your income and the cost of living in your city, this can be difficult unless you keep an eye on it. If you know you need to make a shift in your spending habits, try using cash. Take out your weekly allowance in cash each week and only let yourself spend that amount until it runs out. If your allowance week goes from Saturday to Friday, and you run out on Wednesday, then get creative for Thursday and Friday.
Without a proven track record of success, we simply wouldn't be in business. In fact, National Debt Relief only enrolls clients who have a strong chance of benefiting from our debt settlement program. We predicate our reputation on our ability to help consumers move past their debts and begin rebuilding their financial lives - not on our ability to enroll as many clients as possible or charge unnecessary fees.
This is paramount to mapping out a plan to pay off your debt. There are two approaches that are worth considering.  The first is where you list your debts smallest to largest regardless of the interest rate. This is the method that we used to pay off $52,000 in debt in 18 months and it worked great because it helped us build momentum. When we paid off our first debt it put wind in our sails. Even though we had higher interest debts, this gave us something that was very powerful: the belief that we could get out of debt quickly if we stuck to the plan.
In a DMP, you deposit money each month with the credit counseling organization. It uses your deposits to pay your unsecured debts, like your credit card bills, student loans, and medical bills, according to a payment schedule the counselor develops with you and your creditors. Your creditors may agree to lower your interest rates or waive certain fees. But it’s a good idea to check with all your creditors to be sure they offer the concessions that a credit counseling organization describes to you. A successful DMP requires you to make regular, timely payments; it could take 48 months or more to complete your DMP. Ask the credit counselor to estimate how long it will take for you to complete the plan. You may have to agree not to apply for — or use — any additional credit while you’re participating in the plan.
Why don’t you qualify for IBR or PAYE? Is it because your income is too high to reduce your payments? If that’s the case, and you’ve exhausted all your options, then I am at a loss in terms of what to suggest other than to encourage you to continue to pay as much as you can and check back into those programs from time to time to see if requirements have changed. Student loan debt is an enormous problem and for many there is no simple solution.
The top benefit is a reduction in both monthly payment and interest rates. There is the convenience of making only one payment for all your debts. You also receive valuable education materials, including financial tips and reminders for payments due. InCharge clients receive a monthly statement that details payments made to each creditor and a progress reports on how much of the debt has been paid.
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