Michigan Fee Schedule — Debt Management is a fee structure used by Michigan-based debt management companies to determine the charges they will levy on their services. This fee schedule is typically composed of a one-time setup fee, a monthly maintenance fee, and a late payment fee. The setup fee is a flat fee charged for the initial setup of a debt management program. The monthly maintenance fee is a charge that is paid each month for the duration of the debt management program. The late payment fee is an additional charge assessed when a payment is made after the due date. There are two types of Michigan Fee Schedule — Debt Management: Non-Profit and For-Profit. Non-profit debt management companies typically charge a lower setup fee and a reduced monthly maintenance fee. For-profit debt management companies tend to charge a higher setup fee and a higher monthly maintenance fee.