National Debt Management - Reviewed & Compared


National Debt Management is a 501c3 non profit organization. They were founded in May 2006 to promote financial stability in Michigan. They have been so successful in helping people get out of debt and stay out that they have raised enough funds to take their program nationwide.

The main thing that sets them apart from other organizations is that they are a non-profit. Other for profit companies have been criticized for sometimes taking advantage of people in debt. However with a non-profit like National Debt Management you get to talk to people who are only incentived to help you get out of debt.

Company Overview

National Debt Management (NDM) was founded in May 2006, to promote financial stability in the local community. In the last few years they began offering their fiscal responsibility program nationwide, giving access and education to a much larger population! The primary focus of NDM's outreach is to those struggling with overwhelming debt. NDM provides education for those who have a hard time affording their monthly debt payment.

NDM understands that debt management is not a complete solution for all individuals. Eliminating current debt does not prevent debt in the future. In order to help people stay out of debt their counselors help people develop personal tools to prevent future debt.

MORE: Talk to a credit counselor at National Debt Management


Credit Counseling - In a free credit counseling consultation, a licensed credit counselor will review your debt accounts, help you create a realistic financial budget based on your income and explore all available options for debt relief. If your debts qualify for a debt management program, their debt experts will go to work with your creditors to reduce interest rates and waive fees on each of your creditor accounts. Within weeks you'll begin to feel the relief and see the savings!

Debt Relief - Their debt relief programs are designed to help anyone struggling to afford monthly payments on their unsecured debt accounts, regardless of their credit profile or annual income. Their creditor repayment programs will consolidate your current bills into one easy and affordable monthly payment. Let them help you achieve debt freedom with a plan that fits your budget, in a fraction of the time!

Debt relief programs are an excellent alternative to juggling high-cost minimum payments to your creditors or taking on more debt with a high-interest loan.

Debt Settlement - Debt settlement programs are helpful for anyone struggling with overwhelming debt and in need of a more affordable monthly payment. Settlement programs allow debtors to negotiate away a large portion of their debts. Depending on your financial situation, how much debt you are struggling with, and your current goals, some programs are a better choice than others (more/less aggressive)... we focus on providing all the pros and cons of each program to each client, and let you decide what is most suitable.

Bankruptcy - As a full service credit counseling agency, they recognize that debt relief is not a complete solution for all clients. In certain instances, bankruptcy counseling may be a more helpful solution. If you do not qualify for a debt relief program, or cannot afford to make any payments to your creditors, you may want to consider bankruptcy as an option. Prior to the filing of any bankruptcy, you are required by law to complete a pre-bankruptcy counseling session (according to amendments made to the bankruptcy code in 2005). Additionally, you are highly encouraged to seek the advice of a qualified attorney.

Our Final Verdict: 9.8/10

National Debt Management is the easiest way for people to get the help they need when dealing with debt. Since they are a 501c3 non profit you don't need to worry about being taken advantage of the way you might at a for profit company. They really are just here to help.