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How to get out of debt I New FTC Laws I Does debt settlement work I Choosing a debt relief program I Debt Settlement or Debt Consolidation I Debt settlement and your credit I Can you settle your own debt I Understanding debt settlement fees I Debt settlement and your taxes I Can I be sued I Debt Help - Get Started today!

Understanding Debt Settlement Fees

A 10 part debt relief guide

Part 7 - Go to Part 8
 
DEbt solutions How much will debt settlement cost?
The fee structures can differ depending on the debt relief solutions you use. Typically, fees are based on a percentage of the savings, which is usually approximately about 40%. For example, if you owe $10,000 and the debt settlement company works out a settlement of $4,000 and you save $6,000, you would owe 40% of $6,000 or $2,400, leaving you with a total savings of $3,600, a significant savings. Some debt negotiation companies will require a lump sum payment, which is not compliant with the new FTC laws. If they do, your best bet is to stay away and look for another debt settlement company.  Beware of debt relief companies that ask you for a payment up front (although they may ask for the savings plan money to be sent directly to them, which is usually acceptable).
 
A good debt settlement company should be able to offer you a program that save you even more than the example above. They can also build the fee into your monthly payment so that you will not even feel it while still saving a significant amount of money.
 
GET THE FACTS
 
OK, so now that you understand about how much debt settlement fees can cost, lets move on to part 8 of our 10 part debt settlement guide. Click here to get debt help now!
 
Go to
 
Part 8 - Learn how debt settlement affects your taxes.
 
10 part debt guide

Part 1 - New FTC Laws
Part 2 -
Does debt settlement work
Part 3 -
Choosing a debt relief program
Part 4 - Debt Settlement or Debt Consolidation
Part 7Understanding debt settlement fees
Part 8 -
Debt settlement and your taxes
Part 9 - Can I be sued
Part 10
Debt Help - Get Started today!
 
Need more help? 
If you're looking for the right companies to help you, look no further. Check out our pages for companies that specialize in cheap credit repair and best debt settlement.


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