I agreed to a settlement program and have already paid more than the 15% in fees, because they say the first payments were not fees, but were setup charges. It was more than $7000 so it can’t be set up fees. They have made payments to the credit card companies but only one of them …
WXYZ just ran a story warning warning consumers to beware of debt settlement companies that charge fees. It was yet another public notification that things in the debt settlement world when it comes to fees are going to change on October 27, 2010. The more that message can get out there, the better. As more …
Illinois Attorney General Lisa Madigan is backing legislation to ban debt-settlement companies from charging upfront or monthly fees and that caps payments to firms promising to reduce credit card debt. The legislation would cap fees at 5 percent of the savings resulting from settling a debt, rather than a percentage of debt enrolled. It also …