Are there any hidden fees associated with debt relief law?

In Virginia, debt relief law does not include any hidden fees. Debt relief law is designed to help individuals who are struggling to pay off debts they have accrued. It is a legally binding agreement between the debtor and their creditors that outlines how the debt will be paid off. Creditors must agree to lower the total debt amount, reduce the interest rate or waive certain fees. Under debt relief law, the distressed individual does not have to pay any hidden fees. In fact, there are no upfront costs to participate in the debt relief program. Funds from the debtor are held in an FDIC insured trust account until the creditor is paid off in full. The funds are then distributed to the creditors in accordance with the agreement set forth in the debt relief law. While debt relief law may not include hidden fees, it is important to note that there may be other associated costs such as attorney fees and legal fees. Be sure to ask your attorney about any additional fees before entering into a debt relief agreement. With the help of an experienced attorney, you will be able to make a sound decision that will help you get out of debt.

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Are there any hidden fees associated with debt relief law?

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