National Debt Relief is a legitimate debt settlement company. It has a team of debt arbitrators who are certified through the International Association of Professional Debt Arbitrators.
Moreover, what are the disadvantages of debt relief?
Disadvantages of Debt Relief Orders
- There are tight income, asset and debt restrictions on who can apply for a DRO.
- If your circumstances change, you may still be required to repay your creditors.
- Your debt relief order will appear on your credit file for six years.
Additionally, what are the pros and cons of National Debt Relief? Today, we’re taking a closer look at how the National Debt Relief Program works, sharing the pros, cons and every detail in between!
- What Is The National Debt Relief Program? …
- Pro: Easy To Join. …
- Pro: No Upfront Fees. …
- Pro: Soft Credit Pull Doesn’t Hurt Score. …
- Pro: Solid Reputation. …
- Con: High Client Fees. …
- Con: Not All-Inclusive.
Accordingly, why debt relief is bad?
Debt settlement will negatively affect your credit score for up to seven years. … Once your balances have become quite high and your creditors are worried they might not see any more money from you, it’s believed they are more likely to settle your debt for less than what you owe.