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National DR Review

Jessica Cotzin Jessica Cotzin Last update:
Minimum debt
$15,000
Credit Score
Poor +

Overview

Founded in 2009, National DR is one of the largest companies in the debt consolidation industry.

They have an A+ with the Better Business Bureau (BBB), they’re a member of the American Fair Credit Council (AFCC), and they have a number of other accolades they’ve been awarded over the years.

When visiting the National DR website, they clearly acknowledge the various ways in which one could approach DR, like the use of debt consolidation loans and personal loans, but National DR focuses primarily on relieving debt through their own DR program.

In addition to their debt reduction services, National DR also offers financial consultations to help educate and guide consumers to achieve a debt-free life.

 

What are they good for? Where do they specialize?

If you have credit card debt and other unsecured debt, National DR offers a good alternative to bankruptcy and debt consolidation.

Their program covers most types of unsecured debts, like credit cards, medical bills, business debts, student debts, personal loans and lines of credit, and collections and repossessions.

If you qualify, their DR solution works by negotiating on your behalf with your creditors to significantly lower your monthly payments and help get you out of debt on average within 24-48 months.

Clients must make a monthly payment to the program. Clients only pay fees when an account is resolved. Also, fees typically range from 15-25% of the clients’ enrolled debt depending on the state you live in and the amount of debt you have.

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National DR Pros

  • Helps consumers save an average of 30% of their debts.
  • No upfront fees.
  • 21,000 Five-Star reviews on Trustpilot.
  • A+ Rating with the BBB.
  • On average, become debt-free in 24-48 months.

National DR Cons

  • DR program can cause a temporary drop in your credit score.
  • Not available in all states – National DR serves 42 states.
  • The debt settlement process can take up to 48 months.
  • Unlike a cash-out refinance, you will not be able to get cash from a debt settlement program.

 

 

Application Process

You can get started with National DR by either calling or visiting their website and requesting a free debt consolidation quote. You’ll only need to enter your name, email, phone number, and how much debt you have.

From there, one of their certified debt counselors will call you to briefly discuss your financial situation by assessing your debt, reviewing your budget, and determining what DR option is best for you.

If you qualify for their DR program, the counselor will discuss how much you would pay each month after enrolling.

If you decide to move forward and enroll, National DR will begin the process of negotiating and paying your creditors on your behalf, which will result in the lower monthly payment.

The initial process will require a soft credit pull, which won’t affect your credit score, but if you decide to enroll in the program, you can expect your credit score to be negatively affected temporarily since the process involves that you become delinquent on your accounts by ceasing payments to your creditors.

 

Terms & Requirements

National DR has a fairly low debt minimum ($15,000) to qualify, which is lower than their competitors.

Once you decide to enroll, the process of eliminating your debt can take between 2-4 years, which is standard for the industry.

Fees will vary depending on where you live as well as the amount of debt you have, but it typically ranges between 15-25%, which is also comparable to other DR programs.

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Privacy & Security

National DR is a legitimate DR company and they have generally positive reviews online, which is a good sign of their success rate in reducing debt.

They were rated #1 for debt consolidation by TopConsumerReviews, TopTenReviews, ConsumersAdvocate, and ConsumerAffairs. They have a 4.7 out of 5-star rating on the consumer review website, TrustPilot, which is impressive.

National DR follows industry standards when it comes to protecting personal information given to them.

 

Customer Support

You can contact a representative from National DR via phone, mail, or through their online contact form.

Additionally, their website offers a FAQs section so consumers can learn more about their DR services, like what the process involves, how it can affect your credit score, how much it costs, how long it takes, and more commonly asked questions.

 

Final Thoughts

The type of DR solution National DR offers to consumers always has some element of risk and there’s no guarantee that their efforts will be successful.

However, National DR, unlike many of their competitors, has been around for over a decade and has generally positive reviews on popular consumer review websites, which is a testament to their success rate.

This may be a good option if you’re struggling to get out of debt and would like to significantly reduce your monthly payments.

You can quickly and easily get in touch with one of their debt counselors to review your situation and see if their program is the right fit.

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Address

180 Maiden Lane, 30th Floor

New York, NY 10038

Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website. These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.
Jessica Cotzin Jessica Cotzin
Jessica Cotzin is a writer and the Lendstart authority on small businesses and personal loans. She has been writing about personal finance and the loans industry for a number of years, and holds a bachelor’s degree in journalism from Florida Atlantic University.
This review is based on the writer's personal opinion.