National debt relief hardship program

Tips To Successfully Promote Our Debt Relief Affiliate Program:

Want to know how to make the most money with our debt relief affiliate program?

First of all, let’s clarify what National Debt Relief does. NDR does not offer debt consolidation loans. NDR offers a debt consolidation loan alternative. Many of our clients have fallen behind on their bills and are going through a financial hardship.

If consumers are looking for debt relief services, they may already be behind on their credit card bills and have damaged credit. They will not qualify for a debt consolidation loan but still search for one because those are the most advertised.

You can talk about debt consolidation loans as an option for debt relief but note that it comes with some strict lending requirements and not everyone will qualify.

Speaking of not qualifying, NDR does perform underwriting on potential clients. Not everyone is approved to enroll. The people who become clients must be experiencing a financial hardship to become eligible for our services. We will perform a soft pull of their credit reports or require copies of all their statements before approval.

Examples of financial hardships include:

-job loss or reduction in hours

-unexpected medical bill

-death of a spouse

These are not the only reasons for financial hardships but they are the most common. National Debt Relief helps people who have genuine financial difficulties and not people who are trying to cheat the system and duck out of their financial obligations with their creditors.

We only want to help people who will have a high chance of successfully completing our debt relief program. This is one of the reasons we are one of the only BBB accredited businesess in the debt settlement industry. We do not try to put clients into a debt consolidation program we know they cannot afford.

The higher quality leads you send, the more money you will make and the more people we will help get out of debt.

Ways to promote National Debt Relief:

Note: We do not allow incentives of any kind.

Blog: Although we do feature a large selection of high quality banner ads, text links will usually perform the best on your site. You can write an article about a financial issue and include a link to National Debt Relief within the article. People of all walks of life are sick and tired of being in debt. There are many opportunities to talk to them about getting help from a BBB accredited business like NDR.

Pay Per Click: If you have an advertising budget, you can buy some pay per click advertising on Google Adwords, Yahoo and Bing. You may have better results with long tail keywords or local keywords than the expensive keywords such as debt consolidation, debt consolidation loans, debt settlement, debt negotiation and debt relief to name a few.

Social Media: Facebook/Google Plus/Twitter/Pinterest/StumbleUpon/LinkedIn/Instagram – You can use your social profiles to talk about money and debt or post pictures of financial topics or famous quotes and include your affiliate link.

Mobile: App and mobile advertising is allowed for our pay per lead and pay per call programs. We have mobile optimized forms for your mobile users.

Classified Ads: Craigslist can be a good source of traffic and it is affordable as it does not cost anything to post an ad. We have created some flyers you can use for classified ad posting. Contact us to obtain the flyers.

Flyers: You can hand out flyers in parking lots.

Radio/Podcasts: You can create a podcast or advertise on online radio stations.

Videos: You can use sites like and create some powerpoint presentations and make personal finance videos and upload them to YouTube and Facebook.

Press Releases: You can send out financial related press releases and include your affiliate link or you can send the traffic to your site/landing page.

These are just some of the ways you can make money as an affiliate of National Debt Relief. If you join on Shareasale, you can also earn overrides on affiliates you recruit. You can earn 12% of their monthly commissions.

Let us know how we can help you. We want you to succeed.

Top credit card issuers back debt repayment relief program

By Jeremy M. Simon | Published: April 15, 2009

National debt relief hardship program

Ten of the largest U.S. credit card issuers have agreed to make it easier for troubled cardholders to repay their debts.

That change was announced today by the National Foundation for Credit Counseling, a major nonprofit consumer credit counseling group. In fall of 2008, the NFCC issued a "Call to Action," asking creditors to make changes that would lower the cost of consumer participation in debt management plans, or DMPs -- programs administered by accredited consumer credit counseling agencies to help families drowning in debt work out reasonable long-term repayment plans with creditors.

The 10 issuers supporting the "Call to Action" are American Express, Bank of America, Capital One, Chase Card Services, Citi, Discover Financial Services, GE Money, HSBC Card Services, U.S. Bank and Wells Fargo Card Services. Of the top 10 issuers, only USAA is not included. (Although USAA is a top 10 issuer by market share , it was left off the list because it is not a top 10 creditor for NFCC member agencies.)

Essentially, the plan creates a second tier of debt management plans for people in particular distress, allowing them a lower repayment rate.

According to the NFCC release, "For more than 40 years, consumers have avoided bankruptcy and benefited from repayment programs commonly referred to as 'debt management plans' (DMPs) through which creditors provided some repayment concessions, including waiving late and over-the-limit fees and a reduction in interest rates. However, in these tough economic times, fewer consumers have sufficient income to be eligible for, or the ability to maintain, a traditional DMP, often leaving bankruptcy as the only option."

Ten of the largest credit card issuers have agreed to adjust their "debt management plans" that allow struggling consumers to get structured repayment plans. The chages include:

  • "Hardship" cardholders -- those who are dealing with a recent job loss or other especially challenging circumstance -- would owe a minimum 1.75 percent repayment rate.
  • Other consumers would have a monthly minimum repayment rate of 2 percent of their balance. Under existing DMPs, that rate can reach as high as 3 percent.
  • This means that a hardship consumer with $20,000 in debt would face a minimum payment of just $350 instead of one as high as $600, while the minimum payment for other consumers would be $400.
  • Some level of savings would be encouraged, not discouraged.

That number appears to be growing. Overall, delinquencies are continuing to rise, and major issuers are choosing to charge off more and more of their holdings. For example, Capital One said its net charge-off rate for U.S. card holders -- the percentage of loans that the issuer has given up on collecting -- rose to 9.33 percent in March, up by 1.27 percentage points from February.

When it comes to struggling borrowers, the plan "makes the repayment of the debt more affordable and more relative to today's reality of what consumers are struggling with," says Gail Cunningham, senior director of public relations for the NFCC.

Under the new system, "hardship" cardholders -- those who are dealing with a recent job loss or other especially challenging circumstance -- would owe a minimum 1.75 percent repayment rate, while other consumers would have a monthly minimum repayment rate of 2 percent of their balance. Under existing DMPs, that rate can reach as high as 3 percent, Cunningham says. That means that a hardship consumer with $20,000 in debt would face a minimum payment of just $350 instead of one as high as $600.

This isn't the first attempt to encourage consumer enrollment in DMPs. In October 2008, banking industry representatives and consumer advocates introduced a proposal that would have enabled creditors to forgive up to 40 percent of the principal on credit card loans and stretch repayment plans over five years. However, the Office of the Comptroller of the Currency (OCC) ended up rejecting the plan in November.

The new, tiered DMPs offers benefits to both consumers and lenders, the NFCC says. The new program would enable tens of thousands of borrowers to join a DMP, adding $677 million of unsecured debt to new DMPs each year, according to NFCC's Cunningham. Furthermore, $135 million would be returned to creditors annually, she says.

In addition to helping borrowers erase their debt, the new DMP plan also encourages them to set aside funds for a financial safety net. "We've plugged in several of the basic building blocks of financial stability under this plan," Cunningham says. In the past, debt management plans demanded every spare dollar be applied to paying off debt. Allowing people to build some emergency savings would prevent them from falling back into debt easily.

Think you could use help from a DMP? For borrowers dealing with their own personal debt woes and interested in finding a DMP, the NFCC recommends dialing (800) 388-2227 to get connected with a local agency.

"We anticipate that our phones lines will be flooded once the message gets out there because people are going to wonder, 'Does this apply to me?'" Cunningham says.

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