We are not fans of how most debt settlement companies charge such high fees! And they often settle debts in the wrong order that allows them to get paid quickly, and not in a manner that saves you the most. At Resolve, we are biased about these companies, as we offer an alternative solution, but one that prioritizes saving you the most money!
- Let’s say you have $30,000 in unsecured credit card debt. The typical debt settlement company charges a fee between 20-25 % of your debt total. In this example, that means you would pay settlement service fees between $6,000 and $7,500. Those fees are paid regardless of whether they do a good job settling your debts.
- Your fees for that same service using the Resolve platform are 15% of savings! Assume all of your accounts settle for a total of $14,000. You saved $16,000. The 15% of savings would mean you pay only $2,400 in fees. And having a fee based on the result means you are never paying higher fees for less value.