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.