Debt Negotiation and Debt Settlement: True Costs

Debt Settlement and Debt Negotiation is a practice that attempts to have your creditors accept less than the total owed on debts you may have incurred. As debt relief attorneys, our office frequently receives questions and inquiries about debt settlement or debt negotiation. This Blog post will focus on costs and fees customarily charged by companies offering debt negotiation and debt settlement services.

If you have about $40,000.00 in credit card debt, you will pay, on average, in excess of $28,000.00 to a debt settlement company to resolve the debt. This amount does not include any amount someone would owe to the IRS for the debt forgiveness generated by the debt settlement. This estimate also does not include the cost of defending lawsuits that may have been filed against you.

Debt negotiation and settlement companies charge a fee for you to retain their company (fee for them to work for you). They charge fees based on the amount of debt forgiven. Some charge fees to maintain your account (just hold your money). Some charge fees to defend you from lawsuits, lawsuits due to the delinquency of the debt. Some don’t have any lawyers and if you are sued, while in their program, tell you to find a local lawyer for help.

It is important with any debt relief option; bankruptcy, debt settlement, debt negotiation, debt consolidation or credit card defense, that you know the true cost of the service. Our experienced team is able to provide you with upfront and transparent fees for all services we provide. We offer free in-person consultations with our attorneys in Greensburg, Latrobe, Pittsburgh and Johnstown. We can also provide our personalized debt consultations by phone and email as well. Our team has been a leader in debt relief services for Southwestern Pennsylvania since 1985.


The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.

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Our Privacy Policy may change from time to time and all updates will be posted on this page.

If you feel that we are not abiding by this privacy policy, you should contact us immediately via telephone at 412-832-2499