How much should I expect to pay for a debt settlement service?

It depends on the specific debt settlement service you choose in California. Generally, debt settlement companies charge a fee for their services, typically calculated as a percentage of the total debt you owe. It is important to read the agreement carefully before signing it and to make sure you understand exactly how the fees will be calculated. In California, it is illegal for a debt settlement company to charge more than 15 percent of the total debt as a fee. This means that if you are settling $10,000 worth of debt, the most you should expect to pay in fees is $1,500. However, some companies may charge less than the 15 percent legal limit depending on your situation. When considering a debt settlement service in California, you should also factor in any other additional costs, such as attorney fees, court filing fees, and taxes. If the debt settlement service requires you to enter into a repayment plan, then you should expect to pay interest on the amount you owe. Overall, the amount you pay for a debt settlement service in California will depend on the specific service you choose and your financial situation. Be sure to do your research and read the agreement carefully before signing it so you know exactly what you are getting and how much it will cost you.

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How much should I expect to pay for a debt settlement service?

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