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What is the maximum fee that can be charged on a Debt Mutual Fund?
Type your answer here... 1.25%.
What type of company handles debt negotiation settlements?
Debt settlement companies will handle the negotions for settlement. Be aware that many firms will try and charge a fee upfront, this should not be neccesary.
If a case is settled and monthly payments are issued how long can an attorney charge his percentage fee?
If his fee is a percentage of your debt - he can charge it until the whole debt is repaid !
What is credit card debt cancellation?
Debt cancellation is a type of credit insurance service provided by the credit card company usually for a monthly fee. In most cases, the card company will wave the outstanding balance on your card in case of your death or long term illness. The fee charged is a fixed percentage of your monthly outstanding balance. Debt cancellation is usually sold in conjunction with debt suspension and is termed DCDS. Debt suspension is a similar type of service, but instead of canceling the outstanding debt, the monthly payments may be suspended for a short period of time such as one year in the case of involuntary unemployment or some other type of unexpected life events.
Can a late fee be charged because another late fee was not paid?
Yes, a late fee can be charged on any outstanding debt. It doesn't matter where the debt came from, late fees and interest charges can continue to accumulate.
Do debt settlement companies usually charge a fee?
Yes, debt settlement companies usually charge a fee. Nothing in this world is free so a debt settlement company does charge. Even though it is ironic it is true.
What are the requirements for a no fee remortgage?
The requirements for a no-fee refinance mortgage are being in good standing with your current mortgage, having sufficient income, and having a good debt-to-income ratio. The requirements for a no-fee refinance mortgage are essentially the same as for any other type of mortgage.
Can a debt be listed on your credit report by the collection agency as two separate entries with one as a charge off and the other as a collection fee?
Yes, the charge off is entered by the original creditor, and the collection fee is a separate debt.
What functions does a debt management office serve?
A Debt Management Office (DMO) plays a crucial role in maintaining a country’s financial stability by overseeing how public debt is planned, acquired, and repaid. At its core, it ensures that Debt Management strategies support long-term economic growth while minimizing financial risks. One of the primary functions of a DMO is to create and implement a borrowing plan that aligns with national fiscal goals. This includes deciding when, where, and how much to borrow to secure the best possible terms for the government. Another essential function is risk assessment. A DMO evaluates interest rate trends, currency fluctuations, refinancing risks, and market conditions. By understanding these risks early, governments can adjust borrowing terms, diversify funding sources, or restructure existing loans. For organizations seeking practical improvements, the key takeaway is to continuously monitor market trends and use data-driven insights before making debt-related decisions. The DMO also prioritizes transparency and accountability. It publishes regular reports, provides debt statistics, and communicates borrowing strategies to stakeholders. This builds trust among investors and citizens. As a practical tip, businesses and individuals can mirror this approach by keeping clear records of their debts, regularly reviewing repayment schedules, and maintaining open communication with lenders. Additionally, a DMO manages relationships with domestic and international investors. Strengthening these relationships helps secure stable funding even during economic uncertainty. For companies or individuals, a similar approach involves nurturing strong relationships with financial partners and understanding the terms of long-term borrowing. Finally, DMOs provide guidance on sustainable debt levels and advise governments on fiscal policy. This strategic view helps prevent excessive borrowing and ensures debt remains manageable. For practical application, set internal borrowing limits, regularly evaluate repayment capacity, and align debt decisions with future financial goals. By adopting these actionable strategies inspired by DMO best practices, anyone can enhance their own Debt Management approach and maintain stronger financial stability.
What is a fair fee to pay to debt settlement companies?
My opinion is that the fairest price would be $0, but I think you mean market rates. Most services will charge an administrative fee to set up your account. This can be as much as $1000. Additionally, you'll be charged a service fee each month based on the size of your debt.
What type of debt is a mortgage?
A mortgage is a type of debt that is used to finance the purchase of a home or property.
Do credit counseling services usually charge a fee based on your ability to pay?
Most of them do charge a small fee every month. It is their monthly maintenance fee in which you hired a company to do what you are suppose to be doing on your own which was to get out of debt.
