The cost of a debt settlement program can vary depending on several factors, such as the amount of debt you have, the number of creditors involved, and the specific company you're working with. Typically, debt settlement companies charge either a flat fee or a percentage of the debt that's settled. The fees can range from 15% to 25% of the total amount of debt enrolled in the program, though some companies charge a monthly fee instead. It's important to carefully review the terms and make sure you're aware of any upfront costs, and understand how the company charges for their services. It is also very important to verify that the company you work for is performance based so that you are not charged an upfront fee even before the creditors are contacted and a settlement is on the table.

This depends on the status of the debt that you enter the program with. There are some programs that may not even accept a debt that has legal action already taken against it. We will make sure to lead you to the best option so that you can have legal protection throughout your debt relief program.

Your credit score is not affected because of the program, but it will be affected because of the delinquent payments. In this case, it is always better to look at the bigger picture as there are multiple factors that affect your credit score.