National debt relief program - Is it a scam?

I have looked into this address 1101 Pennsylvania ave NW 6th fllor Washington DC1101 and it seems to be a Virtual Office to make it seem like a government agency.

regus.com/DC/virtualoffices/dc.html

Look at this website and it states that floors 5, 6 and 7 at 1101 Pennsylvania Ave is a virtual office to make it seem like they are based out of a prestige government address, Obviously the white house is on Pennsylvania Ave so this makes it much more serious.

There actual address is
National Debt Relief Group


THIS COMPANY IS A FULL BLOWN LIE, Everything they do is a pitch and it is scary.

National Debt Relief Group has a B+ Rating with the BBB and is a memeber of TASC, USOBA and IAPDA. They are not a scam in any way. They help thousands of consumers get out of thier credit card debts. They will help negotiate with your creditors and will get you settlements that will actually get rid of your debt.

National Debt Relief is a ligitimate company, located in NY that will get you get of out debt. The BBB rating is B+, and they are a memeber of TASC and USOBA and IAPDA. Their site is **, they dont try to look like anyone else, they are who they are. I know that they have thousands of clients, I have seen their operation as well as their back offices.

the address for the company is on the site, its New York, not washington.

To the people with rational input to this mailer, thanks for the heads up. Why did this have to turn into a gov't hatefest when the question was if this company is legit or not? Does anyone have something useful to say other than the played out catch phrases like "wheres our bailout?" Have any of you heard of bankruptcy? Your credit gets ruined for 8 years but you have your bailout. For everyone trying to put all the blame on govt. please educate yourself. The last 2 recessions were produced from bubble economies. In the 90's the .com bust came from everyone over valuing tech companies. Now this recession came from over valuing real estate. Both times our whole economy hinged on perceived value that was not really there. The bust in the 90's was on a democrats watch. This one started on a republicans. The gov't can't fix this quickly, just like your not gonna get rich off AOL stock or have your house appreciate $100,000 in 1 year. When we have less gov't control corporations exploit people with mortgage scams, when there is too much it puts a choke on our economy. Where is the middle ground? The polarizing of American politics is scary because everyone is taking one side or the other. Most of the time for no other reason than these contrived catch phrases.

Its 2010 and they are still sending out letters. I made my call but did not get alot of information. Sounds like it still a scam. I too got the impression that this was a government generated plan for help. Guess I was wrong.

Since all the commentors are anonymous, who can tell if the ones writing in favour of the debt relief agnencies are individuals affliated with these companies themselves trying to lure readers to them? A person advocating a specific debt relief program should come in the open & let us all go to that company to seek a reliable, fair, and free-of-scam service.
But what I also don't understand is that creditors, especially credit card companies make it harder for people undergoing financial hardships to manage their debt. Once you are late in payment even by a day or may be an hour in my case you are listed as defaulting & your interrest rate shoots up thum making one less capable of payingo off your debt.
Regards

I have talked with an agency called Credit Answers, based in Texas. Do you know anything about them? Are there any debt relief companies you can recommend? We have about $50,000 in credit card debt that is becoming impossible to maintain payments. What about bankruptcy (I think chpt 7 where you make lower payments or something like that???).
Thank you!!!

debtbills.com

I have found today a News agency who has recently done an investigation against this company,




They sell this offer under the National Debt Relief Group and are also a member of the
TASC - THE ASSOCIATION OF SETTLEMENT COMPANIES.

OKLAHOMA CITY -- Consumer credit counselors are trying to warn metro residents about a debt letter arriving in the mail.
The letter says it's from the National Debt Relief Program. Some say it looks like it's from the government, but it's really from a company trying to make money off people in debt.
Jennifer Wallis works at Consumer Credit Counseling Service of Central Oklahoma, and she's always on the lookout for consumer scams.
"That's the problem I have, is tricking people into a program that's going to damage their credit," Wallis said.

That's exactly what Jennifer said a letter her client received is trying to do. It claims that "under the National Debt Relief Program" people can reduce "monthly debt payments by up to 50 percent." It goes on to say "Oklahoma records" show the person receiving the letter qualifies.
"I think the letter is misleading because it looks like something that would be from a government agency," Wallis said.
But the letter is not from the government, in the fine print at the bottom, the letter reads the message is from "GHS Solutions," a debt settlement company. The company has 44 complaints filed against it with the Better Business Bureau.
"They've gotten more than their fair share of complaints for not doing exactly what they're supposed to be doing," said Bob Manista with the Oklahoma City Better Business Bureau.
Jennifer Wallis said debt settlement companies can destroy your credit, land you in the middle of a lawsuit or cause tax problems. She's frustrated with how GHS Solutions solicits clients, and warns consumers to do your homework before signing up.
"People are struggling in debt. They're struggling to keep their jobs. They're struggling to pay their bills and kicking someone when they're down is absolutely despicable to me," Wallis said.

The Better Business Bureau also said if there are government programs available, you don't need to pay a company to find out about them.

This company is making many people suffer more then actually helping them. Someone needs to stop this so called government program from doing all of this.

I am currently using Harbour Credit Counseling Services. They charge $35.00 a month and have negotiated with my creditors to pay back with greatly reduced interest rates. I do have one Citibank account that I continue to pay a $58.00 once agreed upon payment amount. However, now I am being contacted by an outside collection firm and offered to pay half the debt but they only give me 10 days of less to come up with half of the balance (about 2,200) I haven't been able to take advantage of this for lack of funds...obviously. Harbour Credit has continued to forward them a monthly payment of $58.00. I'm confused because I haven't voided our agreement amount but it seems that Citit has decided to just ignore our previous agreed upon payment structure. Any insights?

is it possible to find a reputable company to help me reduce my debt with credit card company's with out having to file bankruptcy please respond to my e-mail

NDRG has finally gone too far with there attack on people's livelihood, They are totally scam artist's and I for one am very upset at the fact that they are advertising that they helped people settle $1.6 Million Dollars for a mere $528'000 Dollars, That equals to 33% of the amount owed. Does that mean that this month NDRG made $428'000 Dollars? because they charge each and every single customer 60 cents of every dollar owed.

Are they planning on giving back the difference's or keeping it for themselves?

Most likely they did not close anything anyway as they have only been in business since October 2009 and it takes 36 months to finish up the program for there esteemed clients. Please advise if these scam artists keep this money for themselves or are actually planning on helping people because for now they are spending every penny on FAKE advertising and media hype. This is very very scary and someone needs to do something about it before it is too late.

PRWEB.COM needs to do a check of sorts with the news releases they launch to google.com and other places. As innocent people's livelihoods are at stake.

If they did settle even 20 customers accounts please come forward and please give at least a review and provide a better understanding of how exactly this company is in business???

http://www.prweb.com/releases/2010/02/prweb3628084.htm

Here is a link to there unbelievable 33% settled debt. Maybe they should start charging there customers 40% of the amount owed which equals to .40 cents per dollar amount instead of taking .60 cents per dollar.

Sorry that some people got scammed. I was not. My $80,000 in debt was settled in 3 years for around 30k. I had to stop the calls by sending a letter to the cc companys to tell them to only send me communication in the mail and not over the phone. It took a month and the calls stopped. My first card settled in 10 months for 35% of the balance and the rest only took 2 more years. Yes i paid a 10% fee and $85 per month, but i started with a low credit score and now i am back to a 650 and it keeps getting better....not sure about the other companies, but it worked for me.

Big JIM? This is a forum for NDRG (National Debt Relief Group) They have only been in business for less the one half year. Even on there BBB.ORG report it says that they have been in business for less then a year. I do not know how you were in the program for 3 years.

I go through a company called Consumer Credit Counseling Services of Rochester. I've already paid off almost $5000 in debt out of my $15000. They send you monthly statements as to how much is paid to each creditor, they create a budget for you, they tell you how much left you have and how much you've paid. I started this program while I was living in South Korea, so I'm sure anyone in the world can use them (I live in Rochester, so that's how I knew about them). There is, of course, a monthly fee paid to them... but over the course of my debt management program, I'm only paying them about $500 total... and that's well worth it to me compared to the thousands of dollars in late fees I would have faced without their help.