Family Credit Management vs National Debt Relief

Jenna Vasquez
Jenna Vasquez | 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
#26 Family Credit Management
5.2 Overall Score
4.2
star star star star star_border
(10)
National Debt Relief logo verified_user
#4 National Debt Relief
7.8 Overall Score
4.5
star star star star star_half
(1,280)

Overview

Family Credit Management

Lowest Cost

Undisclosed

Minimum Debt Requirement

Undisclosed

Services Offered

Debt Management Plans, Free Consultation

Accreditations

ISO

Is Nonprofit

No

Time in Business

26 Years

National Debt Relief

N/A

$7,500

Free Consultation, Debt Settlement

AFCC

No

13 Years

Ratings

Family Credit Management

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

National Debt Relief

7.8 of 10
4.5
star star star star star_half
4.4
star star star star star_half
4.4
star star star star star_half
4.4
star star star star star_half
8.6 of 10

Reviews

Family Credit Management

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

National Debt Relief

1,280
4.5
star star star star star_half
5 star
74%
4 star
13%
3 star
6%
2 star
2%
1 star
5%

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

2 years 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!!!

4 years ago

Reviews for National Debt Relief

Helpful Favorable Review

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Review Source

star star star star star

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

star star_border star_border star_border star_border

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

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

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