Denzel RodriguezFinancial Coach & Kingdom Builder

National Debt Relief vs Bankruptcy

9 Dec 2025 · 1 min

Watch on YouTube

1:16

A short transcript excerpt of a YouTube video ("National Debt Relief vs Bankruptcy") where Denzel Rodriguez and a guest discuss choosing between using a debt-relief company (National Debt Relief) and filing bankruptcy. They compare costs (debt-relief fees vs attorney fees), repayment expectations (debt possibly not repaid in full under debt-relief programs), and credit-reporting timelines (bankruptcy appearing ~10 years; default/negative marks from debt-relief-related defaults ~7 years). The transcript also notes that debt-relief programs may instruct clients to stop paying targeted debts to facilitate negotiation.

Questions this video answers

10 years

7 years

Stop paying the debts being negotiated.

Now, what's the next thing that comes to mind, even after doing everything you said?
Yeah.
Externally getting, you know, more income, spending less money, all that stuff.
So no more options.
Yeah.
You can't qualify for anything, Right?
Can't qualify for anything. You try. We applied, put the app in, didn't get anything.
Nothing. So that's when you're gonna have to look at, you know, national debt relief and compare that to a bankruptcy.
Okay.
And. And decide which one is more. Is it is more suitable for you based on your circumstances. And again, with. With that type of company, national debt relief type of company, you are going to pay back the debt not in full, you're going to pay them a fee. So there is going to be a repayment the bankruptcy, there's going to be a cost of the attorney, which is probably going to be a lot less. So those are the variables. Then you have to look at 10 years on the bankruptcy, seven on the defaulting that you would get with one of those companies.
Yeah. So with a national debt relief, what they're instructing us to essentially do is to stop paying the debts that we're looking to get rid of.
In that sense. So just so that we don't get in trouble, you know, we're not attacking you. National debt relief. We're good. Yeah. No, because there.
Is a world where.
It can make sense.