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cost

Date: Sun, 02/14/2010 - 15:05

Submitted by anonymous
on Sun, 02/14/2010 - 15:05

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Total Replies: 2


how much does it usually cost for debt settlements


Quote:

Originally Posted by Anonymous
how much does it usually cost for debt settlements

depends which one you choose, it varies alot.
i think a fair cost is 10% of whatever the original balance was not off the inflated balance.
if its a 10k debt i would try to settle it for 1k and probably end up settling at 2k (depending on which creditor it is) plus the 10% getting you out of debt at 3k total.
seem fair ?


lrhall41

Submitted by on Sun, 02/14/2010 - 16:09

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Quote:

Originally Posted by Anonymous
how much does it usually cost for debt settlements


Your cost would depend upon the amount you owe. Apart from that there are associated costs like,

* If you decide to hire a debt settlement company, they would charge some fees to do the job for you.

* You would become responsible for income tax for any forgiven amount of debt over $600.

Hope it helps.


lrhall41

Submitted by SC on Sun, 02/14/2010 - 23:40

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