What fees are associated with debt settlement?

In North Carolina, debt settlement is a process where a third-party negotiator works between a debtor and a creditor to come to an agreement over a reduced amount of payment. During the process, there can be various fees associated such as enrollment, audit, and attorney fees. Enrollment fees are the fees paid to the third-party negotiator, and can range from $1000 to $3000. These fees are typically paid upfront and should be disclosed before agreements are made. Audit fees may also be included in debt settlement negotiations in certain situations. An audit fee is a fee paid to a company to review the debt and assess how the money can be paid back. These fees can range from $200 to $1000. Attorney fees may also be included in debt settlement negotiations. These fees typically range from $1000 to $2500 and are paid to a lawyer who helps manage the process and draw up a legally binding agreement. It is important to note, however, that a lawyer is not always necessary in debt settlement negotiations. All in all, when it comes to debt settlement in North Carolina, potential fees may include enrollment, audit, and attorney fees. These fees should all be disclosed before any agreement is made. It is important to understand that a lawyer is not always necessary.

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What fees are associated with debt settlement?

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