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.
Overview
Family Credit Management
Undisclosed
Undisclosed
Debt Management Plans, Free Consultation
ISO
No
28 Years
National Debt Relief
N/A
$7,500
Free Consultation, Debt Settlement
AFCC
No
15 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
December 6th, 2019
DETAILS
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
Helpful Critical Review
David Yedlin Broom
August 25th, 2022
El Paso, TX
DETAILS
I had services with this company for several years. Recently I set up a consolidation plan with them. They took out the money for several months. I prompted them to follow the debt consolidation plan several times. They blundered over $800 into accounts in a complete disregard for my consolidation plan. All I got was a sorry and an explanation that they couldn't understand my consolidation plan from the notes. The staff lacks competency and can't handle a complicated consolidation plan. Don't waste your money or time with this company.
Reviews for National Debt Relief
Helpful Favorable Review
Lisa B
December 11th, 2024
After dealing with a horrible debt relief company, NDR has eased my mind, got me on a great path to being debt free, and even got me me a settlement offer within the first 30 days of starting the program. Thank you so much NDR !!!!
Helpful Critical Review
Connie Cecil
November 23rd, 2024
Review Source
As of today it's only been a couple of months. Two of my accounts have been reduced. So time will tell if they get remaining companies to reduce their balances too. And my term will be done sooner and bigger savings. I will then raise the status to a five star. But they are still a work in progress. Very thankful I choice them. God bless Connie
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.
