National Debt Relief Thoughts? Experiences?

Tweet

I have a friend that is about $50000 in credit card debt and he just enrolled in a program under National Debt Relief. I have been researching the company for the last week cause he asked me what I thought of it. I don't know anyone that has tried it. It seems like they are a legit business BUT they tell you to NOT pay your credit card bills- so then it shows that you can't afford the payments. Then after a few months they will start to make offers to pay off your debt for less than you owe. I told my friend first of all it is going to KILL your credit big time and I don't know how long that will take to rebuild in this program Through research I also found that he will get taxed for what they save you above $600 And you do have a chance of being taken to court for non payment I haven't been that high in credit card debt ever but it seems like he went on a downhill spiral after he had a great job making lots of money- to not having a job due to a bad car accident. I tried talking into getting them under 1 loan for consolidation but no one will loan him money due to his debt to income ratio. Then I suggested trying to call the credit companies himself and he doesn't want to do that. I sent him articles from Dave Ramsey on how to snowball debt and he says he can't do that either. I wanna help him but I don't have $50000 to loan him- but I am nervous for him going with this company. Anyone have experiences with them? Good or Bad?? He just started it 2 weeks ago so I may be able to talk him out of it yet- What are other options someone can think of for me to talk to him about? I believe I read the majority of these reviews on google and I am surprised by all the good reviews