When enrolling in a debt settlement program made available by a legitimate and reputational debt settlement company, it is important to understand what you should expect from such a company.
- Your debt should be cut by almost half, usually they cut away 45% leaving you to pay 55% (which is great!).
- You should not be paying any interest rates.
- The most you should be paying to the company monthly on top of the payment for the program is $49.
- Your settlement fee should not be larger than 15% of the total debt you enroll, unless there are attorneys involved.
If a company is charging different prices from these, make sure to double check why they are doing so and whether or not they are legitimate and have a good track record.