Freedom Debt Relief vs. National Debt Relief
National Debt Relief and Freedom Debt Relief are popular debt settlement companies that offer free consultations and negotiate with creditors on your behalf to lower your debt. They’re comparable in their services, minimum debt requirements and cost.
Minimum debt: $7,500
Types of debt:
- Credit cards
- Personal loans
- Lines of credit
- Medical bills
- Collections
- Repossessions
- Business debts
- Certain student debts
Fees: 15%-25% of the total enrolled debt amount
National Debt Relief vs. Accredited Debt Relief
National Debt Relief and Accredited Debt Relief both offer debt settlement services, which include a free consultation and negotiating debt on your behalf and consolidating debt into one payment.
Accredited Debt Relief also offers debt consolidation loans, which combine all of your debt into one loan. A debt consolidation loan can save you money by paying off high-interest debt with one loan that has a lower interest rate. It can also help you keep track of debt because instead of paying multiple creditors, you’re just paying one. Its affiliated lenders offer consolidation loan options ranging from $1,000 to $100,000, with APRs between 4.9% to 35.99%, origination fees varying from 1% to 6% and loan terms extending from 4 to 84 months.
Minimum debt: National Debt Relief: $7,500; Accredited Debt Relief: $10,000
Types of debt:
- Credit cards
- Personal loans
- Lines of credit
- Medical bills
- Collections
- Repossessions
- Business debts
- Certain student debts
Fees: National Debt Relief: 15%-25% of total enrolled debt amount; Accredited Debt Relief: 25%
Choosing the Right Company
Since both companies offer similar products to National Debt Relief, determine which one will offer you the lowest fee and meet your overall needs. Shopping around often leads to the best rates and service that fits your requirements.