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Question DetailsAsked on 7/20/2012

Has anyone used the Nationwide Debt Direct service for debt settlement? And how did it work out?

This company states that they are partly financed by the gov. T.A.R.P

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4 Answers


I have not used the servce, but the BBB gives them a D- rating. On "Just Answer" a lawyer replied the firm does what any consumer can do for themselves, but (the kicker) is they will take you into to 'default' in order to negotiate these new terms. This will drastically affect your credit rating.


Answered 8 years ago by darrylbaird


The BBB is not a reliable source of Information on these type of Companies.

Nationwide will actually be better for your Credit Score in the long run, Because your paying off that debt in such a short period of time, and it doesn't show on your report as "Negotiated".

I used them to help me get out of a 20k amount that I was drownding under.

I had full controll over my money the whole time. They literally disclosed EVVVVERYTHING.

and when I was done with the program my Credit Score had actually gone up with in 6 months.

I was very very pleased with the customer service and more than satisfied with the end results.

Answered 5 years ago by dpena


I joined the program over a year ago and it has been the absolute worst experience of my life. First of all, they take their money first, not even contacting your creditors give them a heads up like they said they would. While this is going on, your credit is going to collections, and your ballences are going up. They only pay one creditor off at a time.As a matter of fact, Its been a year and a half and no one has been paid off yet. I'm being taken to court by discover. No one ever calls me back. I can't get transferred to the legal department and when I finally got Ginger the legal dept superviser to call me about my hearing, I've left 4 voicemails w no returned calls and my hearing is in 2 weeks. Why the hell did I pay these xxxx 2,500 dollars. Run away fast

Answered 4 years ago by PinkFloyd9


ITS A VERY, VERY BAD IDEA to use NATIONWIDE DEBT REDUCTION SERVICES. The program is designed so you pay HIGH fees and it will RUIN YOUR GOOD CREDIT! The company is run by a greedy man who drives his new Bentkley to work, by the name of Peter Jacoves. This man slave drives his employees through the use of intimidation and embarassment.

Answered 2 years ago by RF

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