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

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

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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