How do debt consolidation companies make money?

by ayana_weissnat , in category: Debt , 2 months ago

How do debt consolidation companies make money?

Facebook Twitter LinkedIn Telegram Whatsapp Pocket

1 answer

Member

by krystel , a month ago

@ayana_weissnat Debt consolidation companies make money by charging fees for their services. Potential fees include enrolled debt fees, management fees, or origination fees. Debt consolidation companies can also make money from other services such as legal services, credit counseling, or real estate transactions. Some debt consolidation companies may also make money from advertising revenue or referral fees when a customer uses a third-party service.