Hello,

Has anyone used National Debt Relief or Pacific loan programs? Are they a good step to reducing credit debt? 

Original Post

I used them and they are a rip off. It really depends on how much debt you are in. Sometimes it’s best to just declare bankruptcy and start fresh.

 

Also keep in mind any debt reduction they give you the next year you can be taxed on the savings they gave you. 

Also they can’t negotiate all debts!

I have heard people talk about them before, but have never heard anything extremely positive about them. I would be very careful about getting into most of those types of programs.

Run and run fast ....fees for everything ......don't do it !!! My friend  did and they didn't do any better than what she could done for herself by just calling the company herself and working out a deal!!! Ask for certain terms ..  negotiating the loan balance yourself bc let's face it they rather get some money than no money .....u ask for to pay 1/2  if the balance and no more interest occurring on the acct and u get it ......let us know how it goes when u call them 

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