Frequenlty Asked Questions

When does National Debt Resolution begin settling my debts?

• Once you have enrolled in the program, your creditors will be notified, and the process will begin. Your debts will be settled as funds become available through your savings plan.

Will creditors continue to call me?

• The original creditor retains the right to contact you, until such time as the debt has been transferred to a 3rd party for collection efforts. Until that time, it is impossible to get those calls to stop completely, no matter what anyone tells you. Once the account has been transferred, you should see those calls start to diminish over time.

Can I settle my debts on my own?

• Without the experience and relationships that National Debt Resolution has with your creditors, it would be extremely difficult to settle your debts on your own. You are also emotionally involved and handling debt settlement yourself would be like repairing your own automobile; it can be done, but only if you have the expertise and tools.

Who do I call if I have problems with one of my creditors?

• You will have representatives from our Client Services & Negotiations department that will be assigned to your program. You will be communicating with them on a monthly basis regarding your savings, and we encourage you to communicate any and all interaction that you may have had with a creditor. There are here to take your calls.

Do all of my debts have to be included?

• No. We will handle only those debts that you want to include in the program. Many people retain one credit account for emergency use. Discuss your situation with your individual debt consultant.

How long will the program last?

• This is dependant upon the amount you can save monthly and how much debt you are carrying. Typically, National Debt Resolution can eliminate your debt in 18 to 36 months. We will tailor a program to specifically address your needs and objectives.

Can my program be accelerated if funds become available to settle my accounts?

• Yes. National Debt Resolution will begin negotiating on your behalf just as soon as funds are available and the creditor is ready to do so. Many consumers get out of debt earlier than expected after securing funds for settlement. There are no prepayment penalties for getting out of debt early!

What effect will settling my debts have on my credit?

• After your debts are settled, your creditors generally report your account as settled or paid in full.

How much does the program cost?

• National Debt Resolution has a flat fee based on a percentage of the unsecured debt you enroll in the program. There are no other monthly or hidden charges whatsoever. Your monthly payment is determined by your current budget. Your debt consultant will thoroughly explain this during your initial consultation and will custom tailor a program just for you.

Will all my creditors settle?

• There are few instances when a creditor will refuse to settle. In many cases, creditors realize that settling is in their best interest soon after the delinquency is noticed and they are notified that you are seeking an honorable alternative to bankruptcy. The opportunity to receive a portion of the money tha is owed is better than the risk of recovering nothing at all. Your debt consultant will discuss each individual account with you during the process of your enrollment.

Will National Debt Resolution stop interest and late fees?

• National Debt Resolution cannot stop a creditor from adding interest or late fees to an account. However, we do take all of this into consideration when settling your accounts. We negotiate the amount that you have to repay down to the lowest possible point. The amount of money you save is significantly greater than the interest and late fees that might be added. Please keep in mind that no settlement company has the ability to stop interest from accruing on your accounts.

Can National Debt Resolution prevent lawsuits?

• We cannot, nor can any settlement company, prevent a creditor from exercising their legal right to sue you should they choose. However, most creditors realize that this is a costly and time consuming approach to resolving your debt, and would much rather settle than go through this process. Once your account has been assigned to a collection agency, it is rare that the creditor will sue you to recover their monies. Instead, creditors are generally satisfied to settle your account, realizing that recovering part of the debt is better than securing no payment at all.

If You Need Debt Settlement To Keep More Money In Your Pocket...

...Then We'll Eliminate More Stressfull Bills and Annoying Debt Faster Than Any Other Company... I Guarantee!

Frequently Asked Questions (FAQ's)