Family Credit Management vs National Debt Relief

Courtney Wahlstrom
Courtney Wahlstrom | Contributor
Family Credit Management and National Debt Relief are very different companies. National Debt Relief specializes in debt settlement services while Family Credit Management offers debt management programs.

Both companies have good accreditations and certifications, so it comes down to how you want to handle your debt.
Family Credit Management logo verified_user
#13 Family Credit Management
6.4 Overall Score
4.2
star star star star star_half
(10)
National Debt Relief logo verified_user
#4 National Debt Relief
8.2 Overall Score
4.4
star star star star star_half
(912)

Overview

Family Credit Management

Cost

Average $30 per Month

Setup Fee

Average $40

Interest Rate

Undisclosed

Minimum Debt Requirement

None

Time in Business

25 Years

National Debt Relief

18-25% of Debt

None

N/A

$7,500

12 Years

Ratings

Family Credit Management

Overall Score
6.4 of 10
Review Score
4.2
star star star star star_half
Value for Money
4.8
star star star star star_half
Quality of Product or Service
4.8
star star star star star_half
Company Trustworthiness
5.0
star star star star star
Likely to Recommend
8.7 of 10

National Debt Relief

8.2 of 10
4.4
star star star star star_half
4.3
star star star star star_half
4.3
star star star star star_half
4.3
star star star star star_half
8.5 of 10

Reviews

Family Credit Management

Number of Reviews
10
Review Breakdown
4.2
star star star star star_half
5 star
80%
4 star
0%
3 star
0%
2 star
0%
1 star
20%

National Debt Relief

912
4.4
star star star star star_half
5 star
70%
4 star
15%
3 star
6%
2 star
2%
1 star
7%

Reviews for Family Credit Management

Helpful Favorable Review

star star star star star

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

1 year ago

Helpful Critical Review

star star_border star_border star_border star_border

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!!!

3 years ago

Reviews for National Debt Relief

Helpful Favorable Review

star star star star star

Sharon McLain Orlando, FL

They have been a life saver & a total Godsend for my husband and me. We just fell behind in so many bills & it became overwhelming. Stuff just mushroomed on us. We found National Debt Relief & feel like we can breathe MUCH easier!!

1 week ago

Helpful Critical Review

star star_border star_border star_border star_border

Nat C Cornelius, NC

First call and application was great! Had a good sense of relief. It has been 8 months and I finally have my first offer to settle one debt. I contacted them in August and asked what’s going on and they said then that they were close to settlement with 3 accounts. A total lie. Believe the pandemic has forced them to work at home and accounts are sitting there collecting dust. Call and you will get a nice sales person. Email and they reply. Problem is —they have no power—they are jusy worker bees! You’d be better off settling with the companies on your own.

2 months ago

The Final Word

Family Credit Management is licensed in all the states in which it operates. It is also 9001 certified, which means that its staff members are highly trained and qualified to ensure clients receive excellent services.

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.

Top Choice

National Debt Relief Logo
National Debt Relief

Other Featured Comparisons

Freedom Debt Relief

vs

ClearOne Advantage

View Comparison

Fast Track Debt Relief

vs

Greenwise Debt Relief

View Comparison

National Debt Relief

vs

InCharge Debt Solutions

View Comparison
See All Comparisons

We're on a mission to empower consumers to make the best decisions and connect confidently with companies that deserve their business.

© 2021 BestCompany.com LLC - All rights reserved Privacy Policy | Terms | Do Not Sell My Personal Information