FAQ

Q: What kind of debt qualifies to be reduced?
A: Only unsecured debt. Unsecured debt is an agreement between you and a creditor which enables you to obtain goods or services on credit in exchange for your promise to pay the creditor back. Personal loans, medical bills, and credit cards are the most common type of unsecured debt. Non-qualifying secured debts are IRS taxes, car loans and lines of credit in which the creditor retains a security interest in an item of real or personal property (such as a house or car). If you break the agreement with the creditor, they foreclose on your house or repossess your car.

Q: Should I fill out a lot of online forms of other providers?
A: There is a lot of fraud and scams currently going around--see your state Attorney General Website and our Consumer Alert section. They often look legitimate with slick Websites, but beware--you could get caught up with one and be making payments that simply disappear. Times are already stressful and barely manageable enough, why risk it? The last thing you want to worry about is going with a company that could be stealing your remaining hard earned money.

Q: How does your service work?
A:  When you fill out our quick form, the following will happen:
1. Our system will automatically determine a Debt Relief Specialists that can work with you and notify them to call you within the hour (during business hours).
2. Your Debt Relief Specialists will listen to your current financial situation and make personalized recommendations that fit your specific situation.
3. Once a solution has been determined, your Debt Relief Provider will work with you on the amount to pay and the date of payment each month that is convenient for you.
4. Review and complete the enrollment forms and return them to your Provider with copies of your creditor statements.
5. That's it! Just make your monthly payments on time and your Debt Relief Provider handles the rest!

Take back control of your life today – just fill out the quick form now and be speaking with Debt Relief Specialists in minutes!

Q: How much does this cost me?
A: Each program is custom on your specific and unique situation. Although we are a free online resource and do not charge you anything to use our referral services, the Debt Relief Providers do charge a retainer of a % of the debts that you include in the program, plus a small monthly service fee--depending upon the program that best fits you. Please remember that all program fees are included in your monthly payment and are not due in advance, and will not start until you sign the Service Agreement.

Q: Why would creditors want to settle my debts?
A: The biggest motivator is bankruptcy. Bankruptcy filings have sky-rocketed over the past couple of years, and the last thing a creditor wants is you to file. If you were to file for bankruptcy, your creditors would not get a dime from you. However a NDC referred Debt Relief Specialist will work hard on your behalf and negotiate directly with your creditors to settle your debts, and your creditors get a percentage of your remaining debt. Creditors would rather get a smaller payoff amount than nothing. It’s a win-win for everyone!

Q: Can I negotiate my debts on my own?
A: Yes you can, but it can take longer and a lot more effort since many creditors do not take you seriously. You can also fix your own car, defend yourself in court, and do your own taxes if you want too…but most people prefer to seek experienced people who provide these services for a living. By working with a NDC referred Debt Relief Specialist, they will work hard on your behalf and negotiate directly with your creditors to settle your debts, and provide structure that you may have needed in the past.

Q: What happens to my credit score rating?
A: In the short-term, your credit rating will likely result in delinquency notices and will reflect that you are not current on your debt payments, which will most likely have a negative impact on your credit. Please remember that it’s not as nearly as bad as a bankruptcy, which may last up to 10 years depending in what state you are in.
The good news is once you have completed the Program successfully, your debts are settled and paid and in most cases will have a positive impact on your credit rating.

Q: Can you stop debt collectors calling me?
A: One of the main goals of the program is to stop the harassing phone calls and give you peace of mind. Fortunately, consumer protection laws are very strong, and once debt collectors are notified that you are being represented by an attorney, they will generally stop making calls to you. However they may still continue to call unfortunately.  

See if you qualify for Obama's Loan Forgiveness Plan,
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