Credit Card Debt Relief
Credit Card Debt Relief
Credit Card Debt Relief
Credit Card Debt Relief
Credit Card Debt Relief
Credit Card Debt Relief
Key Takeaways
Negotiates lower payments with creditors, allowing faster debt resolution for a fraction of the owed amount.
Inflation, hardships, overspending, medical bills, lack of emergency funds, divorce, and much more often lead to high credit card balances.
Offers customized, fee-free initial consultations to develop manageable debt repayment plans.
Start with a Free No-Obligation Consultation
Why Use Credit Card Debt Relief?
Figuring out how to pay off your credit card debt can seem as overwhelming as the debt itself. If you are stumped as to what differentiates credit card debt relief loans, you are not alone. So, let’s get a few things straight before you decide the best way to take control of your finances and get a new lease on life.
Credit card debt relief is the process of negotiating a reduced amount with creditors. You pay a fraction of what you owe in less time, which makes paying off your debt more manageable.
Key Takeaways
Negotiates lower payments with creditors, allowing faster debt resolution for a fraction of the owed amount.
Inflation, hardships, overspending, medical bills, lack of emergency funds, divorce, and much more often lead to high credit card balances.
Offers customized, fee-free initial consultations to develop manageable debt repayment plans.
Why Use Credit Card Debt Relief?
Figuring out how to pay off your credit card debt can seem as overwhelming as the debt itself. If you are stumped as to what differentiates credit card debt relief loans, you are not alone. So, let’s get a few things straight before you decide the best way to take control of your finances and get a new lease on life.
Credit card debt relief is the process of negotiating a reduced amount with creditors. You pay a fraction of what you owe in less time, which makes paying off your debt more manageable.
Start Paying off Your Credit Card Debt Today!
What Are The Causes Of Credit Card Debt?
Inflation
Credit card debt surged in the United States from April through June 2022 as people borrowed billions of dollars to keep up with inflation, according to the Federal Reserve Bank of New York.
Relying on credit cards to cover these higher prices is a common response to inflation. But this practice has the potential to put you in serious debt unless you are able to pay off your credit card balances in full each month.
Fact:
People lose 200 hours of sleep per year
Overspending
According to the Federal Reserve, Americans carry nearly $1.1 trillion in credit card debt, up from $888 billion five years ago. On average, consumers overspend $7,400 every year on categories like online shopping, groceries, and subscription services.
You might think that setting a budget and sticking to it is the solution. But even though 74% of consumers say they have a budget, 79% of them fail to follow it, according to research from crowdsourced shopping platform Slickdeals.net. Separate data from CompareCards.com shows that just 38% of credit card holders are “very confident” they can pay their monthly balance in full.
Medical Debt
For the 100 million Americans who are saddled with medical debt, about 1 in 5 said they don’t ever expect to pay it off, according to a KFF poll. The same poll found that in the past five years, more than half of U.S. adults report they have gone into debt due to medical or dental bills. As a result, families are cutting back on food and other essentials. Even worse, millions are losing their homes or are being forced into bankruptcy.
Fact:
3 in 4 want to pay off all debt so their children won’t have to suffer.
Lack of an emergency fund
An emergency fund is a savings account that is specifically set aside for large unplanned expenses or financial emergencies like medical bills. Everyone should have one. But in a nationwide Bankrate poll, 26% of all Americans have no emergency savings whatsoever.
If you are not financially prepared for life’s surprises and you are like most Americans, you will reach for that credit card and worry about paying it off later. But that is not how credit cards work, and if you don’t pay the full monthly balance, you are incurring interest on top of your emergency expense.
Divorce
oing through a divorce is one of life’s biggest stressors, especially when you add credit card debt to the equation. If you have credit cards in both your and your partner’s names, you are equally liable for the outstanding balance—even if you didn’t incur the expenses! And that is on top of the costs of legal counsel, setting up a new household and moving costs if you don’t stay in the family home.
By only covering the minimum, you could end up paying significantly more in interest than the original amount, and it could take years to pay off. If you are late or miss the entire monthly payment, a penalty APR may drive your balance even higher.
Credit Card Debt Settlement Options
Determining which credit card debt relief option could be right for you will be a lot easier if you take the time to fully understand how each one works.
Credit card debt relief
A company negotiates with each creditor on your behalf to reduce the amount you owe. In exchange, you agree to immediately pay off the rest of the debt. Don’t be surprised if you save 50% or sometimes even more:
For example, a $10,000 outstanding balance is negotiated down to $5,000. In return for this one-time payment, the creditor agrees to forgive the $5,000 you still owe.
To qualify for credit card debt relief, you must
Credit Card Debt Relief May Not Work If You are
Credit card debt settlement
A debt counseling company negotiates with creditors on your behalf to reduce the amount you owe on your credit cards. In exchange, you make a lump sum payment to settle the debt.
Participation in this program requires that you set aside a specific amount of money every month. The funds are deposited into an escrow-like account to pay off your settlements. It is recommended that clients stop making any monthly payments to their creditors to prove hardship. Debt relief and debt settlement are interchangeable.ˆ
Tip:
National Debt Relief offers many debt relief options that can help you pay a fraction of what you owe in a shorter amount of time.
Credit card debt settlement
Rising credit card interest rates
30%
Financial flexibility for future life events and big purchases 31%
Credit card debt consolidation loan
With this type of loan, multiple unsecured debts are combined into a single, new loan with a lower monthly payment amount and reduced interest rate:
To qualify for credit card debt relief, you must
Credit card debt management
This practice groups several credit card debts into one payment, cuts your interest rate and creates a 3- to 5-year repayment plan. The first step is thoroughly going over your financial situation with a credit counselor. The counselor will then notify each creditor of your debt management plan and that they are making themself the payer on your account.
The counselor may seek concessions from each credit card creditor, which can include lowering interest rates and monthly payments, or “re-aging” an account to stop late fees. Each month, your payment will electronically go to the counseling agency, which then pays your creditors. Be prepared to live without credit cards for as long as you are in the program.
Fact:
7 in 10 people feel like a black cloud hangs over them when they have to pay a bill or loan
To qualify for credit card debt management, you must
Bankruptcy
When you mention bankruptcy, it brings up all kinds of implications and stigmas. But for some people, this is their best or only option. After you file for bankruptcy, your debt is resolved under protection from a federal court. Chapter 7 bankruptcy erases most debts in three to six months without your needing to repay the debt or liquidate your assets. The downside is that it tarnishes your credit for up to 10 years, which is a great deterrent if you need additional credit in the future.
| Debt Validation | Debt Settlement | Consumer Credit Counseling | On Your Own | |
|---|---|---|---|---|
| Total Unsecured Debt | $25,000 | $25,000 | $25,000 | $25,000 |
| Time to Pay Off | 3 Years | 3 Years | 4 Years 9 Months | 9 Years 4 Months |
| Interest Rate | 0% | 0% | 8% | 29% |
| Monthly Payment | $357.06 | $475.07 | $600 | $650 |
| Loan limits | $12,854 | $17,102.04 | $34,615.38 | $72,187 |
How Does National Debt Relief Work?
You could pay a fraction of what you owe and become debt free in as little as 24-48 months by working with National Debt Relief—the top debt relief company in the country. For over a decade, we have helped more than 500,000 people pay off over $1- Billion in unsecured debt.
Enrolling in one of the National Debt Relief programs is so easy, you can sign up right over the phone or by email. To start, you will receive a free, no-obligation consultation with one of the company’s debt coaches. Please note that we never charge an upfront fee, it is illegal and unethical! After discussing your situation and determining if debt relief is right for you, we will customize an affordable monthly payment based on your budget and your financial hardship. Rather than paying your creditors, you will deposit a monthly payment to a FDIC-insured Dedicated Savings Account in your name. As the funds build up over time, we begin negotiating on your behalf to reduce your bills down to a fraction of what you owe. Our debt coaches have established relationships with over 10,000 creditors and know what to say to reach the best deal possible.
We only pay the creditor once we call you, discuss the negotiated amount and have you release the funds. As your accounts are paid off, they will be reported on your credit score as a zero balance. This could benefit your credit score.
Not until your debt specialist reaches a settlement with your creditor will you pay the company 15% to 25% of the enrolled debt. This is built into your monthly payments.
Tip: Your success in the program depends on making on-time monthly payments.
If there isn’t enough money in your account to settle all your debts, we will offer you a debt consolidation program. When you accept the offer, your debt is combined, and you will have just one monthly payment to make – to National Debt Relief. Most of our debt consolidation clients complete their program in as little as 24 to 48 months – depending on the size of their debts.
If you have a minimum $10,000 in unsecured debt, you could qualify for National Debt Relief and get your finances back on track. But you won’t know until you call.
Why Should You Trust National Debt Relief?
At the core of our client relationships is one simple factor: trust. We know that trusting anyone with your finances takes a leap of faith, and we live up to your expectations by providing our undivided attention. That way, we can better identify your goals and concerns before customizing an affordable plan that can save you the most money.
National Debt Relief is the first debt settlement company to be accredited by the Better Business Bureau with an A+ rating, the American Association for Debt Resolution, the Internal Association of Professional Debt Arbitrators, and rated #1 on Consumer Affairs. We are proud to be the country’s only debt relief provider to enjoy recognition from these three important organizations.
Our Commitment To Customer Care Leads The Industry
We will always act in your best interest and our reviews reflects that promise:
Commonly Asked Questions (Credit Card Debt)
How much can you save with credit card debt settlement?
Credit card debt settlement entails submitting a lump-sum payment for the majority of what you owe. In return, the company that owns the debt forgives part of the outstanding balance as well as certain fees and finance charges.
This is a good option if you are challenged with a high amount of debt. It can save you money by potentially reducing the principal balance owed on your accounts so that you can pay them off for less.
How do you pay off credit card debt?
Here are 5 simple ways to pay off your credit card debt faster
How much is the average person in credit card debt?
The average amount of credit card debt per person varies depending on age, race, income and location. Money Geek analyzed key credit card debt statistics to explore American’s debt.
Is credit card debt ever forgiven?
Debt forgiveness does exist, and it is possible to settle your balance for less than what you owe. But to have it totally erased is rare, unless you have a compelling reason like fraud or identity theft.
What happens if you ignore credit card debt?
When you stop making credit card payments, you could be charged late fees and higher penalty interest rates. Not paying will also hurt your credit score. If a balance in your account remains unpaid for a long time and goes to collections, you could be served with a debt collection lawsuit.
If you ignore the lawsuit, a court will likely enter a default judgment that allows the debt collector to garnish your wages. To avoid this aggravation, it is important that you respond to the debt collector and/or debt collection lawsuit immediately.
Does credit card debt expire?
The statute of limitations limits how long debt collectors can legally sue you to collect unpaid debt and varies by state and the type of debt. Below is a list of each state’s statute of limitations:
| State | Written contracts | Oral contracts | Promissory notes | Open-ended accounts |
|---|---|---|---|---|
| Alabama | 6 | 6 | 6 | 3 |
| Alaska | 3 | 3 | 3 | 3 |
| Arizona | 6 | 3 | 6 | 3 |
| Arkansas | 5 | 3 | 5 | 5 |
| California | 4 | 2 | 4 | 4 |
| Colorado | 3 | 3 | 3 | 3 |
| Connecticut | 6 | 3 | 6 | 3 |
| Delaware | 3 | 3 | 3 | 3 |
| D.C. | 3 | 3 | 3 | 3 |
| Florida | 5 | 5 | 4 | 4 |
| Georgia | 6 | 4 | 4 | 4 |
| Hawaii | 6 | 6 | 6 | 6 |
| Idaho | 5 | 4 | 5 | 4 |
| Illinois | 10 | 5 | 10 | 5 |
| Indiana | 6 | 6 | 6 | 6 |
| Iowa | 10 | 5 | 10 | 5 |
| Kansas | 5 | 3 | 5 | 5 |
| Kentucky | 15 | 5 | 10 | 5 |
| Louisiana | 10 | 10 | 10 | 3 |
| Maine | 6 | 6 | 20 | 6 |
| Maryland | 3 | 3 | 12 | 3 |
| Massachusetts | 6 | 6 | 6 | 6 |
| Michigan | 6 | 6 | 6 | 6 |
| Minnesota | 6 | 6 | 6 | 6 |
| Mississippi | 3 | 3 | 3 | 3 |
| Missouri | 10 | 6 | 3 | 5 |
| Montana | 8 | 5 | 5 | 5 |
| Nebraska | 5 | 4 | 5 | 4 |
| New Hampshire | 3 | 3 | 6 | 3 |
| New Jersey | 6 | 6 | 6 | 6 |
| New Mexico | 6 | 4 | 4 | 4 |
| New York | 6 | 6 | 6 | 6 |
| North Carolina | 3 | 3 | 3 | 3 |
| North Dakota | 6 | 6 | 6 | 6 |
| Ohio | 8 | 6 | 6 | 6 |
| Oklahoma | 5 | 3 | 6 | 5 |
| Oregon | 6 | 6 | 6 | 6 |
| Pennsylvania | 4 | 4 | 4 | 4 |
| Rhode Island | 10 | 10 | 10 | 10 |
| South Carolina | 3 | 3 | 3 | 3 |
| South Dakota | 6 | 6 | 6 | 6 |
| Tennessee | 6 | 6 | 6 | 6 |
| Texas | 4 | 4 | 4 | 4 |
| Utah | 6 | 4 | 4 | 4 |
| Vermont | 6 | 6 | 14 | 6 |
| Virginia | 5 | 3 | 6 | 3 |
| Washington | 6 | 3 | 6 | 6 |
| West Virginia | 10 | 5 | 6 | 5 |
| Wisconsin | 6 | 6 | 10 | 6 |
| Wyoming | 10 | 8 | 10 | 6 |
How does credit card debt relief compare to making minimum payments?
Credit card debt relief can reduce your debt to a fraction of what you owe and help you pay it off in as little as 24-48 months. On the other hand, making minimum payments on your credit cards could continue for 24 years and cost thousands more due to the high monthly interest. You will save time and money with an affordable debt relief plan.
Is bankruptcy a valid option?
If you file for Chapter 7 or Chapter 13, the information on your credit report can come back to haunt you for up to 10 years. Bankruptcies are considered red flags on your credit report:
What will your service cost me?
We never charge a fee until you approve the settlement agreement, and your credit card debts are paid off. There are no sign up fees, no cancellation fees, and there is absolutely no obligation – you are in control. Once a debt is settled, you will pay a fee that is up 25% of the total amount. If we can’t settle your accounts, you don’t pay a penny. In the end, the total you pay for the reduced debt and the fee is usually lower than the original debt amount.
Credit card debt surged in the United States from April through June 2022 as people borrowed billions of dollars to keep up with inflation, according to the Federal Reserve Bank of New York.
Relying on credit cards to cover these higher prices is a common response to inflation. But this practice has the potential to put you in serious debt unless you are able to pay off your credit card balances in full each month.
Fact: People lose 200 hours of sleep per year
According to the Federal Reserve, Americans carry nearly $1.1 trillion in credit card debt, up from $888 billion five years ago. On average, consumers overspend $7,400 every year on categories like online shopping, groceries, and subscription services.
You might think that setting a budget and sticking to it is the solution. But even though 74% of consumers say they have a budget, 79% of them fail to follow it, according to research from crowdsourced shopping platform Slickdeals.net. Separate data from CompareCards.com shows that just 38% of credit card holders are “very confident” they can pay their monthly balance in full.
For the 100 million Americans who are saddled with medical debt, about 1 in 5 said they don’t ever expect to pay it off, according to a KFF poll. The same poll found that in the past five years, more than half of U.S. adults report they have gone into debt due to medical or dental bills. As a result, families are cutting back on food and other essentials. Even worse, millions are losing their homes or are being forced into bankruptcy.
Fact: 3 in 4 want to pay off all debt so their children won’t have to suffer.
An emergency fund is a savings account that is specifically set aside for large unplanned expenses or financial emergencies like medical bills. Everyone should have one. But in a nationwide Bankrate poll, 26% of all Americans have no emergency savings whatsoever.
If you are not financially prepared for life’s surprises and you are like most Americans, you will reach for that credit card and worry about paying it off later. But that is not how credit cards work, and if you don’t pay the full monthly balance, you are incurring interest on top of your emergency expense.
oing through a divorce is one of life’s biggest stressors, especially when you add credit card debt to the equation. If you have credit cards in both your and your partner’s names, you are equally liable for the outstanding balance—even if you didn’t incur the expenses! And that is on top of the costs of legal counsel, setting up a new household and moving costs if you don’t stay in the family home.
By only covering the minimum, you could end up paying significantly more in interest than the original amount, and it could take years to pay off. If you are late or miss the entire monthly payment, a penalty APR may drive your balance even higher.
Determining which credit card debt relief option could be right for you will be a lot easier if you take the time to fully understand how each one works.
Credit card debt relief
A company negotiates with each creditor on your behalf to reduce the amount you owe. In exchange, you agree to immediately pay off the rest of the debt. Don’t be surprised if you save 50% or sometimes even more:
For example, a $10,000 outstanding balance is negotiated down to $5,000. In return for this one-time payment, the creditor agrees to forgive the $5,000 you still owe.
Credit card debt settlement
A debt counseling company negotiates with creditors on your behalf to reduce the amount you owe on your credit cards. In exchange, you make a lump sum payment to settle the debt.
Participation in this program requires that you set aside a specific amount of money every month. The funds are deposited into an escrow-like account to pay off your settlements. It is recommended that clients stop making any monthly payments to their creditors to prove hardship. Debt relief and debt settlement are interchangeable.ˆ
Fact:
National Debt Relief offers many debt relief options that can help you pay a fraction of what you owe in a shorter amount of time.
Credit card debt settlement
Rising credit card interest rates
30%
Financial flexibility for future life events and big purchases 31%
With this type of loan, multiple unsecured debts are combined into a single, new loan with a lower monthly payment amount and reduced interest rate:
This practice groups several credit card debts into one payment, cuts your interest rate and creates a 3- to 5-year repayment plan. The first step is thoroughly going over your financial situation with a credit counselor. The counselor will then notify each creditor of your debt management plan and that they are making themself the payer on your account.
The counselor may seek concessions from each credit card creditor, which can include lowering interest rates and monthly payments, or “re-aging” an account to stop late fees. Each month, your payment will electronically go to the counseling agency, which then pays your creditors. Be prepared to live without credit cards for as long as you are in the program.
Fact:
7 in 10 people feel like a black cloud hangs over them when they have to pay a bill or loan
When you mention bankruptcy, it brings up all kinds of implications and stigmas. But for some people, this is their best or only option. After you file for bankruptcy, your debt is resolved under protection from a federal court. Chapter 7 bankruptcy erases most debts in three to six months without your needing to repay the debt or liquidate your assets. The downside is that it tarnishes your credit for up to 10 years, which is a great deterrent if you need additional credit in the future.
| Debt Validation | Debt Settlement | Consumer Credit Counseling | On Your Own | |
|---|---|---|---|---|
| Total Unsecured Debt | $25,000 | $25,000 | $25,000 | $25,000 |
| Time to Pay Off | 3 Years | 3 Years | 4 Years 9 Months | 9 Years 4 Months |
| Interest Rate | 0% | 0% | 8% | 29% |
| Monthly Payment | $357.06 | $475.07 | $600 | $650 |
| Loan limits | $12,854 | $17,102.04 | $34,615.38 | $72,187 |
You could pay a fraction of what you owe and become debt free in as little as 24-48 months by working with National Debt Relief—the top debt relief company in the country. For over a decade, we have helped more than 500,000 people pay off over $1- Billion in unsecured debt.
Enrolling in one of the National Debt Relief programs is so easy, you can sign up right over the phone or by email. To start, you will receive a free, no-obligation consultation with one of the company’s debt coaches. Please note that we never charge an upfront fee, it is illegal and unethical! After discussing your situation and determining if debt relief is right for you, we will customize an affordable monthly payment based on your budget and your financial hardship. Rather than paying your creditors, you will deposit a monthly payment to a FDIC-insured Dedicated Savings Account in your name. As the funds build up over time, we begin negotiating on your behalf to reduce your bills down to a fraction of what you owe. Our debt coaches have established relationships with over 10,000 creditors and know what to say to reach the best deal possible.
We only pay the creditor once we call you, discuss the negotiated amount and have you release the funds. As your accounts are paid off, they will be reported on your credit score as a zero balance. This could benefit your credit score.
Not until your debt specialist reaches a settlement with your creditor will you pay the company 15% to 25% of the enrolled debt. This is built into your monthly payments.
Tip: Your success in the program depends on making on-time monthly payments.
If there isn’t enough money in your account to settle all your debts, we will offer you a debt consolidation program. When you accept the offer, your debt is combined, and you will have just one monthly payment to make – to National Debt Relief. Most of our debt consolidation clients complete their program in as little as 24 to 48 months – depending on the size of their debts.
If you have a minimum $10,000 in unsecured debt, you could qualify for National Debt Relief and get your finances back on track. But you won’t know until you call.
At the core of our client relationships is one simple factor: trust. We know that trusting anyone with your finances takes a leap of faith, and we live up to your expectations by providing our undivided attention. That way, we can better identify your goals and concerns before customizing an affordable plan that can save you the most money.
National Debt Relief is the first debt settlement company to be accredited by the Better Business Bureau with an A+ rating, the American Association for Debt Resolution, the Internal Association of Professional Debt Arbitrators, and rated #1 on Consumer Affairs. We are proud to be the country’s only debt relief provider to enjoy recognition from these three important organizations.
We will always act in your best interest and our reviews reflects that promise:
How much can you save with credit card debt settlement?
Credit card debt settlement entails submitting a lump-sum payment for the majority of what you owe. In return, the company that owns the debt forgives part of the outstanding balance as well as certain fees and finance charges.
This is a good option if you are challenged with a high amount of debt. It can save you money by potentially reducing the principal balance owed on your accounts so that you can pay them off for less.
How do you pay off credit card debt?
Here are 5 simple ways to pay off your credit card debt faster
How much is the average person in credit card debt?
The average amount of credit card debt per person varies depending on age, race, income and location. MoneyGeek analyzed key credit card debt statistics to explore American’s debt.
Is credit card debt ever forgiven?
Debt forgiveness does exist, and it is possible to settle your balance for less than what you owe. But to have it totally erased is rare, unless you have a compelling reason like fraud or identity theft.
What happens if you ignore credit card debt?
When you stop making credit card payments, you could be charged late fees and higher penalty interest rates. Not paying will also hurt your credit score. If a balance in your account remains unpaid for a long time and goes to collections, you could be served with a debt collection lawsuit.
If you ignore the lawsuit, a court will likely enter a default judgment that allows the debt collector to garnish your wages. To avoid this aggravation, it is important that you respond to the debt collector and/or debt collection lawsuit immediately.
Does credit card debt expire?
The statute of limitations limits how long debt collectors can legally sue you to collect unpaid debt and varies by state and the type of debt. Below is a list of each state’s statute of limitations:
| State | Written contracts | Oral contracts | Promissory notes | Open-ended accounts |
|---|---|---|---|---|
| Alabama | 6 | 6 | 6 | 3 |
| Alaska | 3 | 3 | 3 | 3 |
| Arizona | 6 | 3 | 6 | 3 |
| Arkansas | 5 | 3 | 5 | 5 |
| California | 4 | 2 | 4 | 4 |
| Colorado | 3 | 3 | 3 | 3 |
| Connecticut | 6 | 3 | 6 | 3 |
| Delaware | 3 | 3 | 3 | 3 |
| D.C. | 3 | 3 | 3 | 3 |
| Florida | 5 | 5 | 4 | 4 |
| Georgia | 6 | 4 | 4 | 4 |
| Hawaii | 6 | 6 | 6 | 6 |
| Idaho | 5 | 4 | 5 | 4 |
| Illinois | 10 | 5 | 10 | 5 |
| Indiana | 6 | 6 | 6 | 6 |
| Iowa | 10 | 5 | 10 | 5 |
| Kansas | 5 | 3 | 5 | 5 |
| Kentucky | 15 | 5 | 10 | 5 |
| Louisiana | 10 | 10 | 10 | 3 |
| Maine | 6 | 6 | 20 | 6 |
| Maryland | 3 | 3 | 12 | 3 |
| Massachusetts | 6 | 6 | 6 | 6 |
| Michigan | 6 | 6 | 6 | 6 |
| Minnesota | 6 | 6 | 6 | 6 |
| Mississippi | 3 | 3 | 3 | 3 |
| Missouri | 10 | 6 | 3 | 5 |
| Montana | 8 | 5 | 5 | 5 |
| Nebraska | 5 | 4 | 5 | 4 |
| New Hampshire | 3 | 3 | 6 | 3 |
| New Jersey | 6 | 6 | 6 | 6 |
| New Mexico | 6 | 4 | 4 | 4 |
| New York | 6 | 6 | 6 | 6 |
| North Carolina | 3 | 3 | 3 | 3 |
| North Dakota | 6 | 6 | 6 | 6 |
| Ohio | 8 | 6 | 6 | 6 |
| Oklahoma | 5 | 3 | 6 | 5 |
| Oregon | 6 | 6 | 6 | 6 |
| Pennsylvania | 4 | 4 | 4 | 4 |
| Rhode Island | 10 | 10 | 10 | 10 |
| South Carolina | 3 | 3 | 3 | 3 |
| South Dakota | 6 | 6 | 6 | 6 |
| Tennessee | 6 | 6 | 6 | 6 |
| Texas | 4 | 4 | 4 | 4 |
| Utah | 6 | 4 | 4 | 4 |
| Vermont | 6 | 6 | 14 | 6 |
| Virginia | 5 | 3 | 6 | 3 |
| Washington | 6 | 3 | 6 | 6 |
| West Virginia | 10 | 5 | 6 | 5 |
| Wisconsin | 6 | 6 | 10 | 6 |
| Wyoming | 10 | 8 | 10 | 6 |
How does credit card debt relief compare to making minimum payments?
Credit card debt relief can reduce your debt to a fraction of what you owe and help you pay it off in as little as 24-48 months. On the other hand, making minimum payments on your credit cards could continue for 24 years and cost thousands more due to the high monthly interest. You will save time and money with an affordable debt relief plan.
Is bankruptcy a valid option?
If you file for Chapter 7 or Chapter 13, the information on your credit report can come back to haunt you for up to 10 years. Bankruptcies are considered red flags on your credit report:
What will your service cost me?
We never charge a fee until you approve the settlement agreement, and your credit card debts are paid off. There are no sign up fees, no cancellation fees, and there is absolutely no obligation – you are in control. Once a debt is settled, you will pay a fee that is up 25% of the total amount. If we can’t settle your accounts, you don’t pay a penny. In the end, the total you pay for the reduced debt and the fee is usually lower than the original debt amount.
On this page
How much is the average person in credit card debt?
Credit Card Debt Settlement Options
How Does National Debt Relief Work?
Commonly Asked Questions
All You Need To Know
We’ve put all of our essential resources in one spot. Everything from debt resolution to taking control of your financial future . Need to talk? Our experts are here to help. Call us anytime for a free no-obligation consultation.
Pay off your credit card debt
The latest debt relief news, tips, and resources from our team.
We’ve transformed the lives of more than 500,000 people
Angelica B.
“Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.”
Total Debt
$43,114
Total Debt
$43,114
Total Debt
$43,114
Total Debt
$43,114
Angelic saved 27% on her debt
Angelica B.
“Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.”
Total Debt
$43,114
Total Debt
$43,114
Total Debt
$43,114
Total Debt
$43,114
Angelic saved 27% on her debt
Angelica B.
“Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.”
Total Debt
$43,114
Total Debt
$43,114
Total Debt
$43,114
Total Debt
$43,114
Angelic saved 27% on her debt
Angelica B.
“Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.”
Total Debt
$43,114
Total Debt
$43,114
Total Debt
$43,114
Total Debt
$43,114
Angelic saved 27% on her debt
Angelica B.
“Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.”
Total Debt
$43,114
Total Debt
$43,114
Total Debt
$43,114
Total Debt
$43,114
Angelic saved 27% on her debt
Angelica B.
“Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.”
Total Debt
$43,114
Total Debt
$43,114
Total Debt
$43,114
Total Debt
$43,114
Angelic saved 27% on her debt
Angelica B.
“Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.”
Total Debt
$43,114
Total Debt
$43,114
Total Debt
$43,114
Total Debt
$43,114
Angelic saved 27% on her debt
Angelica B.
“Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.”
Total Debt
$43,114
Total Debt
$43,114
Total Debt
$43,114
Total Debt
$43,114
Angelic saved 27% on her debt
