This is The Single Most Overlooked Tool for Becoming Debt-Free
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If you carry debt, you know how overwhelming and isolating it can feel. But the truth is, you’re not alone. For a brief moment during the COVID-19 pandemic, Americans saw some relief from debt, but since then, consumer debt is back on the rise.
Americans owed $1.129 trillion in credit card debt as of the fourth quarter of 2023, according to Federal Reserve data cited by Motley Fool — a record high.
So the truth is, you’re far from alone. The important thing is to make a plan to pay off your debt and manage it correctly. There are a lot of options out there, but many fall short of actually eliminating the debt altogether.
And there’s one strategy offered by companies like National Debt Relief that’s often overlooked entirely.
An Overlooked Approach for Paying Off Your Debt for Significantly Less Than You Owe
One of the most overlooked options for getting out of debt is to use debt settlement and consolidation services, such as those offered by National Debt Relief.
Using this method, you could pay off your debt for significantly less than you owe.
Here’s how it works: First, tell a Certified Debt Specialist at National Debt Relief a bit about your situation in a free, no-obligation consultation. Then, if you’re eligible and interested in their program, they’ll put together a customized plan that’s right for you and your budget.
With debt settlement, National Debt Relief’s experts will negotiate directly with your lenders on your behalf to agree on a reduced balance, so you could pay less than what you owe and get out of debt much faster.
With debt consolidation, all your debt will be combined into one new loan, ideally with a lower interest rate. This will help you pay off your balance faster and save you money on interest payments in the long run.
National Debt Relief’s experts will help you weigh the pros and cons of all your options.
Why National Debt Relief?
Headquartered in New York, National Debt Relief aims to “redefine the debt-settlement journey” by empowering, supporting and guiding clients toward financial wellness.
Since its founding in 2009, National Debt Relief has helped more than 550,000 people resolve more than $11.5 billion in debt. The company is accredited with the Better Business Bureau and has an A+ rating.
It was also named the top-rated debt-settlement company in 2023 and 2024 by Forbes Advisor.
“We’re not only dedicated to providing our clients with personalized guidance and partnership to get them out of debt quickly and affordably — we’re also focused on normalizing the conversation around debt,” said Natalia Brown, National Debt Relief’s Chief Compliance and Consumer Affairs Officer, in a January press release.
It’s important, she added, for people to “feel more comfortable speaking about their situations and seeking support, so they can get over the hump of their debt situation and back to living the life they envision for themselves.”
What Types of Debt Can National Debt Relief Help With?
National Debt Relief covers most unsecured debt and negotiates with major credit card issuers and banks every day to reduce debt loads. In fact, they have long-standing relationships with more than 20,000 creditors. Here are some of the debt categories its services cover:
- Credit Cards
- Personal Loans
- Lines of Credit
- Medical Bills
- Collections
- Repossessions
- Business Debts
- Certain Student Debts
The first step is setting up a free, no-obligation consultation with National Debt Relief’s Certified Debt Specialists to discuss your financial situation and learn about all your options. Then, you can make a decision that’s best for your specific situation.
Here’s a look at some of the different debt relief options available, if you qualify:
Credit Card Debt Relief
If you have credit card debt, National Debt Relief can help you find the best plan to reduce it and pay it off. Their experts negotiate directly with your lenders to get them to agree on a reduced amount, which lets you pay a fraction of what you owe in less time and makes paying off debt more manageable.
Debt Consolidation
Debt consolidation loans provide another way to pay off credit cards. These work especially well if you are juggling different credit card bills from multiple lenders with varying interest rates. A debt consolidation loan combines all those debts into a single new loan that is typically at a fixed lower interest rate.This can save you tons of money in interest payments over the life of your loan and help you become debt free much faster.
Personal Loan Debt Relief
Many options fall under personal loan debt relief. National Debt Relief can help you make a decision that’s right for the amount you owe, your credit score and your short- and long-term goals. These types of loans are usually unsecured, which means they don’t require collateral.
Medical Debt Relief
According to the Consumer Financial Protection Bureau, medical debt ranks as the most common form of debt on U.S. consumer credit reports and something many Americans will face at some point in their lives. National Debt Relief offers services to help clients get out from under medical debt.
Marital Debt Relief
Marital debt refers to expenses incurred during your marriage. National Debt Relief helps couples follow a strategy to pay down unsecured debt.
Bottom Line
It’s not uncommon to have debt. The first step is making a plan. If you’re ready to take the first step toward becoming debt free, it takes just a few minutes to get started here and set up a free, no-obligation consultation to see what your options are. You could pay off your debt for much less than you actually owe.
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