DISADVANTAGES of National Debt Relief

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In 1999, New Era Debt Solutions was established. The company may charge significantly lower costs than the average industry, provide live chat customer service, has a large library of financial tools and services, and even supports Spanish speakers. Individuals who are facing financial difficulties such as divorce or job loss may be able to get help repaying unsecured consumer debts such as credit cards or personal loans. At the same time, New Era does not specify if it has any minimal debt requirements. A debt expert will give you a free debt consultation before you join to go over your alternatives.

DISADVANTAGES of National Debt Relief
Every day except Sunday, appointments are available, and you can request an after-hours appointment if necessary. A legal case brought by the state of Oregon against the New Era for its business activities in the state is noteworthy. According to New Era's website, the team no longer conducts business in Oregon, and a large portion of the $50,000 fine would be waived if the company follows the cease and desist order within the next three years.

This is beneficial since debt settlements should only be attempted after exhausting all other options. The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Freedom Debt Relief for problems with its debt relief product and services. Freedom Debt Relief agreed to pay $20 million in compensation and $5 million in fines and penalties.

Freedom Debt Relief, founded in 2002, has been approved by the American Fair Credit Council (AFCC), one of the most well-professional organizations serving the debt relief industry. Although it concentrates on debt settlement, it has a wealth of free financial education tools and resources for Spanish speakers on its website. Freedom Debt Relief can negotiate settlements on a variety of unsecured personal and business debt, including credit cards, medical bills, and even private student loans.

In addition to having transparent pricing (typical expenses range from 15% to 25% of the total enrolled debt). To be eligible, you should have a minimum of $7,500 in unsecured loans. Before joining Freedom Debt Relief, you'll receive a free debt consultation, as with all debt relief companies. During the company's usual business hours, consultations are accessible on a daily basis. Before registering potential clients, Freedom Debt Relief also provides connections to nonprofit credit counselors, which sets it apart from the competition.