Debt Consolidation

Custom Search

Debt Consolidation
Debt Relief
Bad Credit Debt
Personal Debt Consolidation
Debt Consolidation -
Deciding To Consolidate
Debt Management Plans
Online Debt Consolidation
Debt Consolidation Help-
Student Loan Consolidation
An Overview of
Debt Counseling
Debt Reduction Program
Design Cheap Debt
Guide to Unsecured
Debt Management Plans
Consolidation Loan Student
Is a Student
Debt Relief --
Debt Management gives
Begin The Debt
Free From Debt
Get Rid of
Beating Debt with
4 Debt Reduction
Consolidate Your Government
Bad credit debt
How To Do
Debt Elimination Program
Debt Management Plan
Debt Reduction Program
Unsecured Debt Consolidation
Debt Recovery Solutions
The Time To
Debt Consolidation Solution
Bad Credit Debt
Dealing With Debt!
Debt Consolidation
Debt Relief
Debt Management - Debt Management Fees
by Rick Munster
Debt management fees can vary vastly from one company to another. Knowing what to look for and ask when seeking help through debt management will leave you better off by not making the mistake of working with an unscrupulous agency that charges ex

Debt management fees can vary vastly from one company to another. Knowing what to look for and ask when seeking help through debt management will leave you better off by not making the mistake of working with an unscrupulous agency that charges excessive upfront fees or cant disclose or wont disclose why they have structured their fees as they have.

Many debt reduction agencies operate as a non profit organization so why are they charging fees? As a non profit organization there still needs to be a form of income that helps offset the expenses of the particular agency. This is usually accomplished through a nominal monthly fee that an agency charges to their clients. Several states have put a cap on the maximum fee that may be charged in an individuals certain state of residence. This prevents an agency from abusing their fee structure. Not all debt reduction companies operate as a non-profit company but they are still held to the same standards as far as being licensed to offer debt management services in several states. Find out what your state requires from the debt management provider you are looking into. Are they compliant?

Debt management providers usually charge what is called a set up fee. This is to help offset the cost of getting the client enrolled onto their debt management plan. This process can be time consuming for the agency therefore it is reasonable to expect a nominal charge for that service. However be wary of companies that charge high upfront fees. Typically anything above $60 should be a red flag. Some agencies have been known to charge several hundreds of dollars as a start up fees. What will typically happen in that scenario is the debt management provider will actually keep the first payment you make to them as their fee. Watch out for this as it makes the consumer more past due with their accounts and is an unnecessary fee that usually only result in the client being further in debt.

Make sure to ask if your agency follows state regulations as far as what they charge for their monthly fees. Also ask if they send out the first payment to your creditors. There are several companies that offer a good debt management service at a reasonable cost but there are those that take advantage of their clients. If you are being charge a high monthly amount I recommend shopping around for another debt management provider that may be able to do the same if not better job for you at a lower cost.

Rick Munster is the Media Planner for Debt Reduction Services, He resides in Boise, Id. In his spare time he enjoys writing, hiking and finding a nice lake to drop a line into and do a little fishing.

The site is not responsible for any content in it. E-mail: alldir[at]gmx[dot]com
debt consolidation, home loan, mortgage, debt free, debt help, refinance, equity loan, unsecured, secured debt, bankruptcy, credit card , bad credit, payday, cash advance, cash settlement, line of credit, student loan, interest rate, borrow money, car loan, adverse credit, compensation, quote, credit score, consolidate debt Kent Mecosta village Palmyra village Owen township Bath town Hudson township Benton Farmington town Ripley township Lake Park Balance of Antwerp township South New Castle borough Chesterville village Balance of Clay County Charleston Seat Pleasant Wagner Clyde Afton Lake Norden Strabane township Lynwood village Lacona village Brundidge Yazoo Caledonia County Swan township Custer County Palmyra village Coal Hill USA UK Australia Canada Vatican City Abkhazia Belgium Hong Kong Cambodia Equatorial Guinea Andorra Serbia Belarus Gambia, The Essex Glamorgan Morayshire Anglesey Westmorland Hertfordshire Hertfordshire Down Brecknockshire Buteshire New Mexico (NM) Indiana (IN) Pennsylvania (PA) Mississippi (MS) North Carolina (NC) Ohio (OH) Colorado (CO) Vermont (VT) Northern Mariana Islands (MP) Palau (PW) California (CA) Louisiana (LA) Kansas (KS) Colorado (CO) American Samoa (AS) Louisiana (LA) North Dakota (ND) California (CA) South Carolina (SC) Texas (TX)