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

If you are looking to use a debt settlement company in North Carolina, you can expect to pay certain fees associated with their services. Most debt settlement companies will charge a setup or enrollment fee, monthly service fees, and a fee for successfully settling a debt. The setup fee is the fee charged by the debt settlement company to review your finances and create a customized plan to manage your debt. Depending on the company, these can range from a few hundred to a few thousand dollars. Next, you’ll have to pay a monthly service fee. This fee covers the cost of debt settlement negotiations, debt management, and other services. It’s generally a percentage of your total debt, and the exact rate may vary from company to company and situation to situation. Lastly, you may be charged a separate fee for the successful settlement of a particular debt. This fee is typically a percentage of the amount of money saved. Before signing up with a debt settlement company, make sure to go over the exact fees you’ll have to pay and familiarize yourself with the services they provide. Doing your research ahead of time can make sure you get the best possible service for the lowest possible price.

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

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