Family Credit Management vs National Debt Relief
Both companies have good accreditations and certifications, so it comes down to how you want to handle your debt.
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Overview
Family Credit Management
Undisclosed
Undisclosed
Debt Management Plans, Free Consultation
ISO
No
26 Years
National Debt Relief
N/A
$7,500
Free Consultation, Debt Settlement
AFCC
No
13 Years
Ratings
Family Credit Management
National Debt Relief
Reviews
Family Credit Management
Reviews
National Debt Relief
Reviews for Family Credit Management
Helpful Favorable Review
Waldinda Belt
Thank you Family Credit for working with me and on my behalf to financial freedom. Since taking over my debts, my credit score went up 230 points. Instead of beging companies to give me a chance, I now have options and am able to say no. Thank you so much. Dina
2 years ago
Helpful Critical Review
Koren Z Magnolia, NJ
You are better off working with credit card companies on your own. Family Credit takes over a week to pay your creditors after you pay them and as far as not damaging your credit score - OMG - my credit score has dropped dramatically on this program. Not even worth it as a last resort!!!
4 years ago
Reviews for National Debt Relief
Helpful Favorable Review
Review Source
Ashlyn Elwood Roswell, GA
National Debt Relief is the best. Their customer service was patient and kind and helped explain to me everything that they would do to help get me out of debt. They clarified anything I was confused on and really helped me feel confident that my finances were in the right hands. I'm now back on track and even have a good amount of savings built up!
12 hours ago
Helpful Critical Review
Marlene Santos
I wish I could leave zero stars, what a horrible experience, I decided to end the program 6 months before my four years, I realized they were taking longer than originally promised to negotiate my accunts. Oh boy, it was painful to end the program, endless calls, different representatives, no one knows what the last person you spoke with said, long wait times. I would not do business with them again and I would not recommend them.
3 months ago
The Final Word
Because Family Credit Management helps clients with debt management plans, it does not have a minimum debt requirement. When clients enroll in its program, they pay a one-time enrollment fee and a monthly fee. The average enrollment fee is $40. The average monthly fee is $30.
Family Credit Management negotiates to lower interest rates, which will make it easier to pay down your debt. Depending on their plan’s structure, clients make one or two monthly payments which Family Credit Management then disburses to creditors.
Debt management plans are advantageous because they do not hurt your credit score and lower interest rates make debts easier to pay off.
In contrast, National Debt Relief offers debt settlement programs. With a debt settlement program, clients generally stop making any payments on their debts. Instead, they set this money aside in an account to be used to pay settlements once they’re negotiated.
National Debt Relief charges 18–25 percent of the enrolled debt, depending on state laws. Payment is not due until settlements are reached. National Debt Relief has a $7,500 minimum debt requirement.
Because debt settlement clients typically stop making any payments on their debts, their credit score is negatively affected. Having a plan to rebuild credit before enrolling in debt settlement is important.
National Debt Relief is a trusted debt settlement company. It is a member of the AFCC and is IAPDA accredited. These memberships and accreditations show that National Debt Relief is dedicated to offering clients high quality services.
National Debt Relief also sends referrals for debt consolidation if that’s a better fit for a potential client. The company understands that debt settlement has risks and is not for everyone. These referrals further show National Debt Relief’s commitment to ensuring that its clients receive the kind of debt relief that best fits their situation.
