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.

Rank Chart
Fee
Debt Requirement
Our Score
#1
15-25%
$10,000
9.3
#2
15-25%
$7.5k
9.2
#3
15-25%
$7.5k
8.9
#18
Net Debt Reviews | BestCompany.com
Undisclosed
$2.5k
4.1

The Good

  • 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.

Great Services

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.

The Bad

  • 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.

State Availability

NetDebt is only available in 19 states. See below for specific state information.

Want to know which debt settlement companies are top rated? Click here

The Bottom Line

Even though NetDebt can work with more people than most debt settlement companies (because of their low minimum debt requirements), there are still too many drawbacks for us to feel comfortable recommending this company. The company is limited in its service area, has no industry accreditations, and is very new to the industry. We recommend looking for a more optimal debt relief company for your needs.

View Top Rated Companies

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.

More Information

About NetDebt

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.

Price

Undisclosed

Account Set-Up

  • Free consultation: Yes
  • Personal consultant during the settlement: No

Accreditations

  • AFCC accredited: No
  • IAPDA accredited: No

Time in Business

2012

Minimum Debt Requirement

$2,500

Available States:

  • Alabama
  • Alaska
  • Arkansas
  • Arizona
  • California
  • District of Columbia
  • Florida
  • Hawaii
  • Indiana
  • Massachusetts
  • Michigan
  • Missouri
  • Nebraska
  • New Mexico
  • New York
  • North Carolina
  • Oklahoma
  • South Dakota
  • Virginia

Are there any inaccuracies in this review? We take our accuracy very seriously and would love your feedback. Give feedback here.

X close
X close

2 NetDebt Reviews

1. Select Your Rating:

1
1
0=WORST 10=BEST

2. Subject For This Review*(Select all that apply)

0 characters

3. Review Validation*

or

    Sort By:

  1. User Score

    1

    April 7th, 2016 Phoenix, AZ

    i contracted with netdebt in 2014 for a sustantial fee to negotiate 2 credit card debts with citibank. the did settle one and then said they needed 2 more payments which i agreed to. then they started calling me every month for more money which i refused. now they have thousands of dollars of mine and havent settled the second and i havent heard from them for months

    Read More

    Was this review helpful?
    1

  2. User Score

    0

    March 10th, 2016 La Puente, CA

    Cancel yet they refuse to reply, called several times, emails and text messages, only response is “reviear wing” when I demanded a response after emailed signd cancellation were emailed. I have no idea of what comes next. Suggest anybody looking at NetDebt for services, to proceed with extreme care.

    Read More

    Was this review helpful?