In just under ten years, NetDebt helped resolve over $6 million in consumer debt. On their website, NetDebt.com advertises that it can help people out of debt in 36 months – in the same time frame as most of their competitors. You may have heard of NetDebt by one of their other names: Debt Mediation or Debt Relief Advocates. NetDebt is available in 19 states and does not have any industry accreditations.
- Money back guarantee
- Work with the same consultant through your entire settlement process
- Their call center is open on Saturdays (most settlement companies are not)
- You only need $2,500 in debt to begin (most companies require $7.5k)
Money Back Guarantee
NetDebt offers a money back guarantee to its customers. This is not standard in the industry and should be considered when choosing a company to work with.
Low Minimum Debt Requirement
Another way NetDebt makes their services more accessible is by having a minimum debt requirement of just $2,000. Most debt settlement companies require anywhere from $5k – $10k, which makes NetDebt an attractive option for those who want to settle a small amount of debt but do not meet the threshold for those other companies.
Clients of NetDebt view their service as excellent, with knowledgeable representatives, free consultations, and operators available on Saturday. For most people, these are services that are very important in choosing a debt settlement company.
- Doesn’t have any major industry accreditations that we could find
- Government action was taken against them in 2014
- Charges clients 25 percent of debt enrolled (higher than industry averages)
- Limited industry experience (only in business since 2012)
No Industry Accreditations
According to multiple surveys we have conducted, the most important thing a debt settlement company can have is proper accreditations. This is our biggest concern with NetDebt: it has no industry accreditations that we could find. Most debt settlement companies are at least accredited with the AFCC; an international association that is dedicated to improving individuals and families. As far as we could see, the company is also not accredited with the FTC, or IAPDA.
NetDebt is only available in 19 states. See below for specific state information.
Frequently Asked Questions
How Much Does NetDebt cost?
We were not able to get a specific price from the company. They do charge service fees which are located in their service agreement. NetDebt does not receive payment or fees until they have successfully settled a client’s debt. They also guarantee that their discounted debt settlements will save customers at least the amount of their fees, or they will pay the difference.
Can I Get A Free Consultation?
NetDebt offers a free consultation for anyone who is interested in their services and what they can expect as far as monthly payments and the time it will take to pay their debts off entirely.
What Types of Debt Does NetDebt Work With?
They work primarily with unsecured loans though they make exceptions for student loans on a case by case basis. This is good news since many people have large amounts of student loan debt that they’ve been trying to pay off for years.
What Is the Minimum Debt Amount I Can Sign Up With?
Each account has to be at least $500 past due for them to assist you with them.
NetDebt’s trained debt negotiation experts hold over 60 years of combined experience. They have helped resolve hundreds of millions of dollars in unsecured debt for thousands of consumers across the country. The company specializes in settling debts such as credit card debt, hospital/medical bills, department store card debt, and unsecured personal loans.
- Free consultation: Yes
- Personal consultant during the settlement: No
- AFCC accredited: No
- IAPDA accredited: No
Time in Business
Minimum Debt Requirement
- District of Columbia
- New Mexico
- New York
- North Carolina
- South Dakota