Development Request:
Formulas for Debt Settlement Program:
Please complete this form detailing all
the fees and charges of your debt settlement program.
Use the comments section of
each fee to describe special
conditions like "applies from month 1 to 3", "apply after month 12",
etc.
Once the formulas are developed, you will
receive an email to the address entered here with the instructions about
how to import them into your program. |
Your Company: |
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*Company: |
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*Your name: |
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*Your Email: |
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Phone: |
To contact you. |
*Program
Name: |
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Program
Specification: |
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Debt
Settlement Fee: |
This fee is usually around
15% of the Total Customer's Debt; it is charged during the first
months of the program.
How much is it?
%
Explain how you collect
this fee:
Comments about this fee?
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Escrow
Setup Fee: |
This includes fees charged by the ACH
Processing Company to setup the special purpose accounts.
Amount?
Begin charging this fee in
month?
During how many
months do you charge this fee?
Comments about this fee:
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Enrollment Fee: |
This fee usually starts at around
$200 and it is charged 100%
in the first month.
Amount?
Begin charging this fee in
month?
During how many
months do you charge this fee?
Comments about this fee:
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Monthly
Processing Fee: |
This fee usually starts at
around $45, it is charged monthly along the entire program.
Amount?
Begin charging this fee in
month?
During how many
months do you charge this fee?
Comments about this fee?
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Monthly
Escrow Processing Fee: |
This includes fees charged
by the ACH Processing Company on a monthly basis to process ACH
Transactions.
Amount?
Begin charging this fee in
month?
During how many
months do you charge this fee?
Comments about this fee?
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Other
Fees: |
Explain here if you charge other fees.
For each one indicate:
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How do you calculate it
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Beginning month
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Duration (in months).
Explain
how do you collect this fee:
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* Field is required. |
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