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Pros / This service can contact your creditors to stop harassing phone calls and stand in as your representative during negotiations and payoff.

Cons / It does not consolidate payday loans, but negotiates for settlement, which could harm your credit rating.

 Verdict / National Debt Relief's settlement program will help you reduce your existing debt, pay off the rest and work on building a better financial future.

TopTenREVIEWS - Gold Award - Awarded for excellence in design, usability and feature set
TopTenREVIEWS - Excellence Award - Awarded for excellence in design, usability and feature set

Payday loan debt can creep up on anyone in dire financial straits, and often, it's not the only debt adding to your problems. National Debt Relief has credit counseling resources to help you create a plan to get back on your fiscal feet and fix payday loan debt as well as other debt issues.

Rather than a strict consolidation, it primarily negotiates down the amount you owe so you can create a payment plan that works with your budget and pays off the debt faster. It can also help you with credit repair along with the payday loan debt consolidation. In addition to negotiating down your debt, this service provides its clients with resources and tools to teach good financial habits. These are just a few of the reasons why it earns the Top Ten Reviews Gold Award as the best payday loan consolidation service.

Cost & Fees

Because this company works with debt settlement rather than debt consolidation, rather than charging a monthly fee, it calculates how much you can save by enrolling in its program, then takes 18 to 25 percent of that savings, depending on the complexity of the work. In general, it can save you up to 50 percent of what you owe. So, for example, if you are in debt for $20,000, and it is able to negotiate those debts down to $10,000, it will save you $10,000. In this example, it takes 20 percent, or $2,000, as it's free. Overall, you'd come out $8,000 ahead.

It can take two to four years for the program to get rid of all your debt, during which time you need to take careful control of your spending. National Debt Relief is clear on the website and over the phone that this is not an easy process and that there are negative consequences to your credit.

It will also let you know if there are debts its counselors cannot settle for you and will refer you to other sources, including traditional loan consolidation services, if needed. We found the business honest and upfront overall. In addition to discussing your issues with a counselor, you have an online account so you can see your progress.

Eligibility & Application

You need at least $7,500 in eligible debt to qualify for this program, so if your payday loans are not that high, you may need to consider other outstanding debt. However, keep in mind the damage to your credit rating. If you don't have other outstanding debts and just need to consolidate your payday loans to escape the high interest, there are other ways to consolidate loans, including personal loans and peer-to-peer loans.

Your first step in applying is to contact National Debt Relief for a free consultation to see if you qualify. Have the amounts of the payday loans and other loans you need to consolidate handy. Next, the service calls your creditors to negotiate payment reductions. Meanwhile, you start making monthly payments into a trust. This trust is yours, along with the interest, and if you need to, you can withdraw from it, but this is the money to pay off your debt once settlements have been negotiated.

It's important to remember that just because you have hired a negotiation service, payday loan companies do not need to agree to negotiate. You are still responsible to pay off the loan and all interest and late fees. Negotiations can reduce the amount but not remove the obligation.

Customer Experience

Creditors may still call you during this negotiation process, and payday loan companies can be especially persistent. National Debt Relief may send a Notice to Cease Communications letters your payday lender during the negotiation and settlement process. In addition, you can change your contact information in your payday lenders' database to National Debt Relief's phone number and email address so they can act as your go-between. These features stood out as worthy reasons to sign on.

Company Accreditations

One way to know if a payday loan consolidation and settlement company is legit is to look at its certifications. National Debt Relief has accreditations with IAPDA and AFCC but not with USOBA. The IAPDA, or International Association of Professional Debt Arbitrators, trains and certifies professional arbitrators in debt settlement. It complies with federal and state legislations to ensure those whom it certifies are aware of and uphold current regulations in the industry.

The AFCC, or American Fair Credit Council, is also not a government entity. It complies with regulations enforced by the Federal Trade Commission and promotes a high standard of ethics set out by its own code of conduct.


National Debt Relief's mission is to help people understand the consequences of excessive debt and to help its clients find ways to get out of debt and build a better financial future. If you have excessive payday loan debt and need to consolidate and reduce them, or if payday loan debt is part of an even larger debt issue, the company may be able to help you reduce and pay off that debt. The website is loaded with excellent information about how to get out and stay out of debt as well as tools you can continue to use to acquire responsible financial habits even after you have worked your way out of debt. All around, National Debt Relief is a well-qualified company to help you with payday loan consolidation, and we at Top Ten Reviews give it our wholehearted endorsement.

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