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Fair Share
Fair Share is a finder’s fee or commission paid by creditors to credit counseling companies. Each month a consumer makes payments to the credit counseling company including interest. A percentage of that is kept by the credit counseling company – a payment from the creditor for collecting payments from the consumer and passing them on to the creditor. Fair share can range from 0% to 15% and varies by creditor.
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(c) 2007 Knockout Debt a Division of Accelerize New Media Inc. |
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