1. Family Credit Management vs National Debt Relief

Family Credit Management vs National Debt Relief

James Scott Belyeu
James Scott Belyeu | 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
#14 Family Credit Management
6.4 Overall Score
4.2
starstarstarstarstar_half
(10)
National Debt Relief logo verified_user
#5 National Debt Relief
8.4 Overall Score
4.4
starstarstarstarstar_half
(833)

Overview

Family Credit Management

National Debt Relief

Cost
Cost
Average $30 per Month
18-25% of Debt
Setup Fee
Setup Fee
Average $40
None
Interest Rate
Interest Rate
Undisclosed
N/A
Minimum Debt Requirement
Minimum Debt Requirement
None
$7,500
Time In Business
Time In Business
24 Years
11 Years

Ratings

Family Credit Management

National Debt Relief

Overall Score
Overall Score
6.4 of 10
8.4 of 10
Review Score
Review Score
4.2
starstarstarstarstar_half
4.4
starstarstarstarstar_half
Value for Money
Value for Money
4.8
starstarstarstarstar_half
4.2
starstarstarstarstar_half
Quality of Product or Service
Quality of Product or Service
4.8
starstarstarstarstar_half
4.3
starstarstarstarstar_half
Customer Service
Customer Service
4.8
starstarstarstarstar_half
4.4
starstarstarstarstar_half
Company Trustworthiness
Company Trustworthiness
5.0
starstarstarstarstarstar_half
4.3
starstarstarstarstar_half
Likely to Recommend
Likely to Recommend
8.7 of 10
8.4 of 10

Reviews

Family Credit Management

National Debt Relief

Number of Reviews
Number of Reviews
10
833
Review Breakdown
Review Breakdown
4.2
starstarstarstarstar_half
5 star
80%
4 star
0%
3 star
0%
2 star
0%
1 star
20%
4.4
starstarstarstarstar_half
5 star
68%
4 star
15%
3 star
6%
2 star
2%
1 star
8%

Reviews for Family Credit Management

Helpful Favorable Review

starstarstarstarstar

Waldinda Belt

January 21st, 2021 DETAILS arrow_drop_down
Value for your money
starstarstarstarstar
Quality of product or service
starstarstarstarstar
Customer service
starstarstarstarstar
Company trustworthiness
starstarstarstarstar

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

starstar_borderstar_borderstar_borderstar_border

Koren Z

January 21st, 2021 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!!!


Reviews for National Debt Relief

Helpful Favorable Review

starstarstarstarstar_border

Emmaly Knecht

January 21st, 2021 Santa Barbara, CA

They did a great job settling my debt I saved a decent amount of money. PLEASE BEWARE! You will get charged a settlement fee of $4700 and it is written in your contract but that fee is part of what you will owe in total.


Helpful Critical Review

starstar_borderstar_borderstar_borderstar_border

Erika Burns

January 21st, 2021 , DETAILS arrow_drop_down
Value for your money
starstar_borderstar_borderstar_borderstar_border
Quality of product or service
starstar_borderstar_borderstar_borderstar_border
Customer service
starstar_borderstar_borderstar_borderstar_border
Company trustworthiness
starstar_borderstar_borderstar_borderstar_border

There is no seriousness at all, and they are quick to blame the customer for the mistakes that they make. Their customer service crew does not communicate with each other, so you, the customer have to tell your story countless times.


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.

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National Debt Relief
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