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National DR In-Depth Review
In a nutshell: Recognized as one of the top debt consolidation services, National DR has an excellent track record of helping its customers live a debt-free life.
National DR In-Depth Review
In a nutshell: Recognized as one of the top debt consolidation services, National DR has an excellent track record of helping its customers live a debt-free life.
National DR In-Depth Review

Overview

Recognized as one of the top debt consolidation services, National DR has an excellent track record of working with clients to customize debt settlement solutions. Despite only being around since 2009, it has already helped more than 400,000 families and individuals resolve their debt.

Application Process

National DR makes it extremely easy to begin the process of consolidating debt. Its simple application form only asks you for your debt amount and basic contact details including your name, email, and phone number. After submitting these details, a certified debt coach will be in touch with you to guide you through the next steps of the process. After receiving a quote, you can choose to accept the plan provided or take your time to think it over.

Debt Services

National DR makes its services available to a wide range of clients. To qualify for its program, you need a minimum debt of $10,000 and to be located in one of the 46 states it covers.

Typical fees run between 18% to 25% of enrolled debt and customers can usually resolve their debt in 24-48 months. On average, National DR claims to save clients approximately 46% before fees, or 25% including fees, though actual saving numbers vary greatly from case to case.

Types of Debt Covered

Though the lender doesn't cover all kinds of debt, National DR has a comprehensive list of the types of debt it covers. This includes, but isn't limited to credit card debt, personal debt, line of credit, collections, repossessions, business debts, medical bills, and more. The lender may also be able to assist with private student loan debt.

Customer Support

In addition to their helpful debt articles and calculators, National DR makes it easy to get in touch with a company representative. Its phone hours are Monday to Friday from 8:00 am - Midnight EST, Saturday from 10:00 am - 10:00 pm EST, and Sunday from 10:00 am – 9:00 pm EST. It also offers a general email for contacting the company with any questions or concerns you may have.

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Pros
  • No upfront fees and no obligation
  • Get rid of debt in 24-48 months
  • Free savings estimate
Cons
  • Fees can run as high
  • No mobile app
National DR at a Glance
8.8 Editorial Score
Application process
9.0
The documentation requirements are reasonable, and the process is relatively easy and can be completed online
Customer support
9.0
Phone and online support Monday through Friday from 10:00 AM to 8:00 PM EST, very responsive
Eligibility criteria
9.0
Flexible eligibility requirements, accepts broad range of debts, available in all states except Oregon, Vermont and West Virginia
Customer rewards
8.0
Active clients can participate in sweepstakes promotions
Financial tools and resources
9.0
Offers some access to legal assistance, financial calculators and educational resources.
FAQs About Debt Consolidation Loans
Looking to improve your financial well-being and consolidate your debt? In addition to comparing the top debt consolidation lenders, we've compiled some of the most commonly asked questions about debt consolidation.
What is debt consolidation?
Debt consolidation refers to a financial strategy that combines high-interest debts into a single, lower-interest monthly payment. Consolidation loans have fixed terms and fixed interest rates, so you can take control of your debt, know exactly when you will be debt-free, and pay off your debt faster.
How does debt consolidation work?
Those looking to consolidate debt usually have two different options. A 0% interest, balance-transfer credit card involves transferring debts onto the card and paying the balance in full during a promotional period. Another type of debt consolidation provides a fixed-rate personal loan in which borrowers use the money from the loan to pay off debts before paying back the loan in installments according to new terms.
Does debt consolidation affect credit?
Debt consolidation can help improve credit if it helps someone make payments on time while also reducing the amount of money owed on different accounts. However, credit can suffer if the person continues to run up credit card balances again or miss payments.
What is the best debt consolidation solution?
The best debt consolidation lender for you will depend on several factors, including the amount of debt, type of debt (s), financial history, and what type of terms you are looking for. Those looking for a quality debt consolidation loan should consider these factors and review the different options using our comparison and in-depth reviews.
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