FAQ

Frequently Asked Questions

How much do debt settlement companies charge?

Their fees vary but they are no longer allowed to charge upfront fees as they are paid on performance as mandated by the government. Now they charge based on a percentage of the money they save you. So if you owe a credit card company $23,000 and the debt settlement company negotiates a reduction with the credit card company for you to say $10,000, then you will owe them between 15-30% of the savings (in this case the savings was $13,000). Each company has a different fee structure.

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