Can a settlement company charge monthly fees?

I am working with a debt relief company. I am paying $50 to the company every month. Till now they have settled only 1 out of 10 debts. I don’t know why I am paying money to this company. The total debt amount is $20,000. Can they charge a monthly fee for this kind of a service? I am getting frustrated. What can I do?

2 Answers

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Ok. But can they charge $50 as monthly fee? It is quite high. Don't you think so? They are hardly doing anything.


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You should immediately contact with the debt relief company and discuss this matter with them. If you make an agreement with them, then they can charge a monthly fee.


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