What fees will I pay if I use a debt settlement company?

Using a debt settlement company in California to help resolve debt issues can be beneficial, but there are various fees to consider. These fees include an initial fee to cover the costs of setting up the program, as well as a monthly fee for services. Usually, these fees are based on a percentage of the total debt you owe. For example, if you have a debt of $20,000, the company may charge a flat fee of $1,000 plus a monthly fee of 15%. In addition to the initial and monthly fees, you will likely have to pay a settlement fee. This is a fee that the debt settlement company charges for negotiating a settlement with the creditor. It is usually a portion of the amount negotiated and can range from 5-20%. Finally, you may also have to pay legal fees to the debt settlement company. This is to cover the cost of the attorney they may use to represent you in court. The amount of the legal fee will vary depending on the debt settlement company’s policy. Overall, the fees you pay to a debt settlement company depend on the total amount of debt you owe, the services they provide, and the legal fees they charge. It is important to do your research and find a reputable company to ensure that you get the best deal possible.

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What fees will I pay if I use a debt settlement company?

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