Finance is not just about what is in your bank account, how much you earn, or the debts you may have. Finance is influenced by many aspects of your life and mental well-being, and it can affect them as well. That is why addressing financial challenges, from balancing your budget to paying off debts, requires a comprehensive or holistic approach to the individual as a whole.
What is holistic human finance?
When debt occurs for anyone for any reason, it is important to look at the factors that may lead to you incurring debt.
For example, losing a job can easily lead to taking out personal loans if you lack an adequate emergency fund to cover your basic needs. Medical debts can accumulate even if you have health insurance, and an unbalanced budget can easily turn into credit card debt after several months of spending.
Other factors can accumulate in how you manage debt. A lack of knowledge about payment methods can make the process very intimidating, and ignorance about available resources can prevent you from getting the help you need. The psychological burden of debt can also result in long-term stress, affecting your daily life.
Understanding the root cause of your debt, the barriers to paying it off, and your overall relationship with your finances and mental health are all essential to addressing your debt in a sustainable way – all of which are part of NDR’s holistic human finance approach to debt relief.
Finding hope in debt relief
If you feel overwhelmed by unsecured debt and are struggling to pay it off, you may consider working with a debt relief company.
NDR is an A+ rated company by the Better Business Bureau (BBB) and has over 70,000 five-star customer reviews. They have helped over 500,000 people reduce their debt payments by hundreds of dollars, often leading to debt settlement in an average of 24 to 48 months at 50% less than the original amounts owed before fees.
While the exact debt relief process may vary depending on your circumstances, if you choose to use NDR for your debt relief journey, you can expect some key steps.
Consultation and Referral
The first step is the initial consultation with a certified debt specialist from NDR. The consultation is completely free and does not obligate you to any additional services if you choose not to pursue debt relief with NDR.
The debt specialist will guide you through the process, explain what you need to qualify for debt relief, review the fees and payment options, and discuss the next steps you need to take. They will also assess your situation and connect you with resources to help you on your upcoming debt repayment journey.
Settling your debts
If you qualify with NDR and choose to proceed, you will stop making payments to your creditors and instead deposit your payments into a dedicated savings account in your name.
NDR’s dedicated team will contact your creditors and negotiate your debt balance under the promise that the reduced balance will be paid. This typically takes four to six months, during which you will build funds in your account.
Once a creditor offers a debt reduction settlement, NDR will inform you and allow you to accept or reject the offer. Once accepted, NDR will use the funds in your designated account to pay off the debt.
Your creditors may keep some of the money they lent you while reducing your payments and balance.
Paying off your debt
If NDR is unable to settle any of your debt balances, you will not have to pay any additional fees or deposits to NDR. You will not pay more than what you signed up for.
If
Your balance has been settled, you can proceed to the next step: making new and reduced payments from your account.
Once your balance is paid off, your journey doesn’t end here. NDR offers tools, resources, and guidance to help you build a sustainable financial plan. This plan can help you break free from the cycle of debt, build towards your financial goals, and establish a more secure future for yourself and your family.
Personal Relationship from the Start
When you choose to work with NDR, you can expect to build a personal relationship with the team assigned to your case.
NDR understands that debt is not only a financial burden, but also an emotional and psychological one, and takes this into account throughout your debt relief journey.
During your consultation, you can expect questions about your debts, income, and financial situation. Every member of the NDR team is trained to guide you through the debt relief process, including the mental and financial aspects of how you got into debt. NDR debt specialists take the time to assess each client and connect them with the services that best fit their needs.
Even if you do not qualify for NDR’s debt relief process, you can still find help. NDR can refer you to one of its qualified partners who can assist you with settling or managing your debts, depending on your circumstances.
A Financial Plan That Works for You and Your Future
NDR does not just look at your debt balance and offer you an off-the-cuff payment plan. As part of a comprehensive human-centered approach, you can expect your circumstances to play a significant role in the amount of new monthly payments.
When evaluating your financial situation and debts, NDR will consider your budget and income to negotiate a payment plan that meets your needs and timeline. The NDR team will account for NDR fees in your new payment structure. All you need to worry about is making payments into your designated savings account, which NDR will use to pay off your remaining balances to your creditors and NDR fees.
This way, you can not only reduce the amount you pay on unsecured debt, but also make payments that fit your budget and give you a timeline for paying off your debts.
With NDR, you will not have to pay upfront. All initial consultations are free, and you have no obligation to continue if you do not feel that NDR is the right choice for you.
NDR: Comprehensive Debt Relief You Can Trust
National Debt Relief works hard to remain a trusted entity for both its clients and creditors, providing hope and comfort to those struggling under the burden of debt, and offering its clients a way out of the debt cycle.
With an emphasis on transparency, comprehensive relief, and empowerment, clients can confidently pay off their debts, knowing that a debt-free future is within their reach.
Transparency
The NDR team will keep you informed about the debt relief process every step of the way with no hidden surprises or additional fees.
While the debt relief process can vary from person to person and may change, you can expect to stay informed throughout your journey. You will always know how much you will pay, your debt balances, how your credit will be affected, and your payment schedule. NDR will not accept an offer from a creditor without your explicit consent. You will have direct control over which debt you choose to pay off.
If you have any questions, you can reach out to any member of the NDR team directly during and after the process.
Comprehensive Debt Relief
As mentioned above, NDR does not just settle your debts and provide you with a payment plan without checking if you can afford it. Instead, the NDR team will work with you to build a payment plan – and if necessary, a budget – that takes into account your basic needs, other debts, income, and other expenses.
NDR understands
NDR believes that its clients are not just numbers on a paper. Each case is unique, and what works for one client may not work for another. A member of the NDR team will look into your case and work on establishing a sustainable payment plan for you.
Additionally, NDR emphasizes education on financial wellness. You can expect the NDR team to help guide you through the payment process, assist you in finding ways to save money, and connect you with financial and social resources.
Finally, the NDR team can help you identify how your financial situation is affecting your mental health and, if necessary, assist you in obtaining the help you need if your debts are causing you significant stress.
Empowerment
NDR is not just concerned with reducing your debt payments. Working with NDR means you’ll be collaborating with a team that wants you to take control of your finances, build a financial future, and empower yourself to make smart financial decisions.
As you make new debt payments, you can expect regular check-ins and follow-ups from the NDR team. You will also receive guidance on how to avoid future debt, resources to further educate yourself about your finances, and, if needed, additional assistance in reducing or managing your other debts.
In this way, you can feel confident that after paying off your debt balance, you can continue building a better financial future for yourself and your loved ones.
What’s Next?
Although debt can happen to anyone, and you may feel frustrated with your situation, there is hope. With NDR’s focus on holistic human finance, you can reduce your debt and empower yourself to find help for your entire situation – not just your bank account.
If you would like to learn more about managing your finances and mental health and your debt repayment plan, visit Bankrate and the ongoing series of articles from National Debt Relief about all things debt. Stay tuned for tips, tricks, and exclusive stories from readers like you and their debt repayment journeys.
Source: www.nationaldebtrelief.com
Contact: 800-300-9550
Source: https://www.aol.com/ndr-empowers-unique-approach-debt-142449743.html
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