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
National Debt Relief
Reviews
Family Credit Management
National Debt Relief
Reviews for Family Credit Management
Helpful Favorable Review
I was a client of Family Credit for many years. I was concerned, of course. But they did what they promised. I had about $12,000 in credit card debt and they reduced my monthly payments due to each card AND my interest rate was all below 10% on each account. This is the magic that helps you get out of debt. I was happy to pay the low monthly fee compared to the amount I was saving in interest each month - it was crazy how much I was paying. Help yourself and trust your future to Family Credit - I did!
Helpful Critical Review
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!!!
Reviews for National Debt Relief
Helpful Favorable Review
 Verified Customer
National Debt Relief has been very professional in my experience with them. They have been reassuring every step of the process. They keep me updated with any changes and are prompt with answers to my questions.
Helpful Critical Review
So far it's only a 1 star, hopefully it will go up soon. I started with NDR if August, not 1 card has been closed, and when I ask the agent when is this going to get started never answers me, poor communication. I'm still getting phone calls from the creditors every day. SO FAR NOT IMPRESS AT ALL
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.
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