National Settlement Services specializes in debt relief for unsecured loans. The company's website states that their clients pay an average of 42 percent of the debt they enroll; 56 percent after fees. You can receive an instant quote online by entering the amount of debt you owe or by calling the company. While National Settlement Services is a member of the American Fair Credit Council, they are not IAPDA accredited. Additionally, the website does not mention if the company is 100 percent FTC compliant.
National Settlement Services only charges a fee of 14 percent of the debt enrolled, which is one of the lowest in the industry.
The company requires a minimum debt requirement of $5,000 in order to enroll in a payment plan. This is a low minimum requirement compared to other debt settlement companies (which may exclude anyone with under $10k in personal debt). Another requirement the company has is that all debts you enroll must be past due.
National Settlement Services offers 12-38 month debt elimination plans, and stands by their "no result, no payment" rule. There is a low monthly set-aside payment. However, potential clients should be aware of how the company's website explains that those who make monthly payments on their program "are expected to pay approximately 42 percent of their balance prior to fees, or 56 percent including fees over a period of 12-48 months."
While the company does not have a money back guarantee listed on their website, they do offer an "Iron Clad Guarantee." This guarantee promises not to charge you any money until after National Settlement Services has delivered debt relief results.
Customers can get a free instant quote online to see how much money they owe. If one does choose to enroll, they can access their personal account and details through an online portal. Not only that, but the company offers an online live chat option for additional questions.
While National Settlement Services is accredited with the AFCC, it is not accredited with the IAPDA, which is another major settlement organization.
The company's website does not provide any information on which states it offers debt settlement services to. When we called a National Settlement Services phone representative, they would not disclose a list of the states they do business in.
5 years ago