The National Debt Relief Program is a hardship program that offers an option for debt relief
One of the debt relief programs offered by National Debt Relief, a top American firm with a debt settlement concentration, is the National Debt Relief Hardship Program. Consumers who have experienced any kind of preclusion to their capacity to pay their payments—loss of work, poor income, large medical costs, divorce, or death of a spouse—are eligible for this program.
What is Debt Settlement?
But first, let us briefly review what the debt settlement is all about to emphasize the Hardship Program. Debt settlement is a technique for debt management in which the customer and creditors talk and come to an agreement wherein the account is settled for a lesser amount than the outstanding debt. For individuals who choose not to pursue a DMP or file for bankruptcy, it is a good alternative.
Debt settlement is the process by which a firm like National Debt Relief negotiates with the credit crunchers to reach an arrangement wherein the debtor pays a smaller portion of the overall due to the creditors. The customer pays a certain amount each month into an escrow account; when the account balance is sufficient for many offers, the firm calls the creditors to offer to pay a specific amount in exchange for a smaller debt.
Applied properly, mediated debt settlement may reduce the principal amounts to reasonable levels and provide customers with a workable plan for debt cancellation. Accounts may default, however, and this helps to lower credit scores as they open throughout the process.
The National Debt Relief Hardship Program essentially provides debt relief to those who have some level of hardship in their lives
By starting the Hardship Program, the National Debt Relief is also seeking to help customers with difficulties pay off their debt more efficiently. One must show that they cannot afford the least money to make the minimum monthly payments because of loss of a job, foreclosure, or expensive medical costs among other reasons before applying for the hardship program.
Program participants will get the following concessions and benefits: Program participants will get the following concessions and benefits:
- Lower monthly payments: In this regard, actual, realistic payment plans for funding the settlements will be established every month, even though such payments may be extremely low to prevent the recurrence of delinquencies.
- No upfront fees: It’s that consumers are not charged any fees until the debts are recovered and wiped off. Initial enrollment fees are normally between $13 to $25 on each enrolled amount of debt.
- Delayed enrollment: The debt settlement accounts will therefore not be enrolled into the debt settlement program until the consumer is in a position to make some savings for settlement. This prevents such accounts from defaulting due to non-payment while in active membership and avoids the costs of making collection calls and letters.
- 4-year service pledge: National Debt Relief will only deal with hardship clients and will take up to 48 months to settle all the eligible debts even if the client were to pause the services offered by National Debt Relief at some point due to some changes in hardship.
- Customer support: Customers can make an appointment to seek assistance with the services provided by the firm or discuss their financial needs at any given time. The Hardship Program team is selective to each client or applicant to ensure that they understand each client’s plights.
Apart from customized debt forgiveness, enrolment in the Hardship Program offers clients free financial information products such as webinars, videos, and newsletters with real money management tips, money budgeting techniques, and credit repair tips, among others.
National Debt Relief Service Promise
National Debt Relief’s mission and vision are to operate a business that provides ethical and efficient debt help. Being an AFC Member – the American Fair Credit Council is a representative of the debt relief industry’s watchdog, National Debt Relief complies with the rules and regulations of consumer protection.
Key aspects of their service pledge include:
- The answer is that the company does not accept any upfront fees of any form
- It has a 100% performance-based fee structure where it is only paid based on the number of settlements made.
- 4-year client commitment
- Thus, while creditors need to ensure that they receive what is due to them, it is recommended that they negotiate with the debtor instead of taking legal action where possible.
- Extensive consumer education
- SPP Dedicated Hardship Program to support financially struggling families
As a company that constantly helps people in financial distress, National Debt Relief aims at not only negotiating for reasonable debt reduction for the clients but also empowering them with knowledge on how to avoid such situations in the future. They allow for movement on behalf of clients where it is needed the most – the hardship concessions.
Applying for Assistance
Consumers unable to keep up with minimum debt payments due to hardship can complete an online form or call National Debt Relief’s office for a free consultation regarding their situation:
In the first call, the representative is expected to review the case and financial status of every applicant, debts, and assets with him. If enrolled, they will spend time educating their clients on the debt settlement process, the hardship concessions, the financial disclosures that must be made, and the obligations that are expected from them as clients.
For courageous families that need a helping hand, National Debt Relief’s Hardship Program is an open-handed umbrella to turn to during the storm to a sunny debt-free tomorrow.
Call now for expert credit repair services: (888) 803-7889
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