New Era Debt Solutions Review

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  • Free online-form/phone consultations
  • Trustlink Best of 2017 Award
  • Among the lowest minimum debt acceptors
Debt Consolidation VIEW BEST RATED

New Era Debt Solutions is among the Titans of the debt relief industry and it seems they aren’t planning on leaving it anytime soon.

By Aleksandar Spasov | 18th December 2018

With an establishment in 1999, New Era Debt Solutions landed a suitable name to enter the new millennia of debt settlement business. In their own claims, they have managed to settle over $200 million for their in-debt clients so far. The company shines with its transparency and reachability across the US. Since they have been around longer than most competitors, they sure know how to take advantage of that. They explain every aspect of debt settlement clearly so that every customer can understand their options and possible outcomes. Most unsecured debts are accepted there, with lower fees and shorter turnaround time frames.

ProsCons
Shorter turnaround times than most competitorsNo guaranteed success
High-tier BBB ratingSome fees may be harder to grasp
Low enrollment fees
100% Satisfaction Guarantee
Eligibility Criteria
  • Without a set minimum, New Era Debt Solutions has a symbolic bottom cap of $750
How Much Does it Cost?

Being one of the oldest figures in debt relief services, New Era Debt Solutions offers noticeably lower charging fees compared to almost all rival brands in the industry. Starting at 16% and going up only to 20%, the settlement service establishment also treats military members and veterans with special terms on each contract. Also, enrollment fees are only applied in the case of a successful negotiation process.

Saving with New Era Debt Solutions, on the other hand, is quite beneficial for their customers. An astounding over 56% savings rate can be accomplished by them due to their proven excellence and negotiation skills. This allows debts of $600 or more to be considered as tax incomes after a positive negotiation outcome.

For Example

“$10,000 in total debt can result in a growth of $14,489 for the full duration of the settlement program. This adds up to over $8,000 in possible maximum savings for US citizens before applying fees.”

What Happens After Signing Up?

Instead of letting you explore the debt settlement environment on your own, New Era Debt Solutions keeps their counseling close. A team of debt relief experts will be assigned to your account after finalizing the sign-up process. In addition, a Welcome Package is in place to provide program clarifications and a dedicated Contacts Directory.

The second step here is to start saving up funds. Negotiations are void if you don’t have enough to pay the settled amount once it arrives. An escrow account will keep any monthly payments accumulating until it’s time to withdraw them. This is also the turning point in multiple creditor payments on a monthly basis. You are free to keep those on hold and just charge funds in your trust account.

You can choose to send monthly payments to New Era Debt Solutions or pick an automated function and link your paycheck with the escrow account at their company. Both cases result in the start of overcoming your debts.

Next are negotiations – New Era teams will strive to bring the needed debt to be paid to a minimum amount. Even a small funding towards creditors is perceived in a positive way so they can reach the optimal target in the future. Furthermore, the settlement company doesn’t stop just yet. They will work towards acquiring the desired savings percentage at all costs. Once an agreement is in place, they will ask for permission to transfer the funds to creditors, take away their fees, and leave you debtless.

Trust and Reputation

The A+ BBB rating on New Era Debt Solutions speaks enough by itself. The hugest percentage of customer reviews on the Internet are positive towards them, and there are quite enough reasons why. A helpful, professionally acting brand, with some of the highest savings accomplishments out there. All popular debt settlement forums back up the mass opinion that New Era Debt Solutions are to be trusted. The IAPDA and USAAB accreditations don’t hurt either.

Customer Support

The support team at New Era Debt Solutions has come a long way since the beginning. They are extremely thorough when it comes to issue resolving and can be reached by phone or email. Both contact forms are open at all times, with the first one being faster in response times. It is also toll-free which is just a neat addition to their efficiency and dedication.

Reviewed by
Aleksandar Spasov
Aleksander is a freelancer from Bulgaria. He's travelled and is still travelling around the the world and has been writing and studying as he goes. He describes himself as a bit of a word freak and this is clear from his studies in English and Journalism. Although he is knowledgeable in a lot of areas, he has been researching and writing about anti-virus as his most recent interest. Read more.
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