New Era Debt has been able to resolve over $200,000,000 worth of debt. They have paved the way in the financial industry since 1999, with the launch of the company brand in 2007 strictly specializing in debt settlement solutions. The company claims they are setting the tone for how all settlement companies should operate, with high standards, integrity, and customer satisfaction.

The Good

It isn’t difficult to see why customers have ranked New Era Debt Relief so high around the web.   Just like most legitimate debt settlement companies, New Era does not charge any upfront fees retaining services. Customers are only charged when the enrolled unsecured debt is settled with creditors. In comparison to the competition, the fees are fairly average. The company functions of a performance-based fee model charging approximately 15 to 25 percent of total debt enrolled and settled. Plus there is no minimum debt requirement and clients have the option to leave the program at any time without incurring a penalty.

A free consultation is offered where a professional consultant will go over each client’s financial situation to determine if their services are the right fit for them. The company recommends that clients set aside at least one percent of their total debt on a monthly basis, however, they suggest 1.5 percent in order to decrease the duration of the program, which in turn saves the client money in the long run. They will be honest with the client about what kind of results to expect and they lay out statistics and guidelines on their “Truth and Transparency” page. Once enrolled, the debt specialist will offer a pamphlet filled with comprehensive training materials and tools to assist clients in getting and staying out of debt.

The company provides debt education online by offering a page that outlines the pros and cons of each way to get out of debt. There are also tips on how to succeed in a debt settlement program that can be found in the “Client success” tab, which also offers information when deciding how to choose a settlement firm. Last, they offer a debt calculator to help individuals get an idea of what the monthly payments might look like with New Era.

Highlights to this company include:

  • $200 million in debt resolved
  • Company transparency
  • Abundance of settlement literacy resources
  • Settlement in as little as 90 days

The Bad

There are risks associated with debt settlement and any credible company will do what they can to define those risks for you. There could be serious tax penalties for settling certain debts, even more so in the case that back taxes are owed. Others risks with settlement are possible litigation and hits to credit scores. New Era Debt Relief may not be accredited with the AFCC, but it should be noted that the company follows the standards to their own accord. Additionally, they only operate in 43 states due to licensing and registration requirements. States will be added once the company completes licensing and registration.

The Bottom Line

In the debt settlement industry, it isn’t a novelty to see a company make promises and break them. Fortunately, New Era does not fall into that category by providing customers with transparent information and open communication. Debt Era is a well-qualified company with a proven track record of customer success. The follow the standards set by the FTC and are IAPDA certified, ensuring that customers are getting the most ethical treatment plans geared for financial freedom. We recommend taking advantage of the company’s free, no-obligation consultation to determine if their services will be of help to you.