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Case Study 11
Client name: 'LN'
Total debt: $ 5157.14
Enrollment date: 08/21/2008
First payment date: 09/03/2008
Number of creditors: One
Type of creditors: Credit Card
Client relationship associate: Steve Green
Monthly payments: $200
Total amount paid to creditors: $2200
OVLG fees: $350
Date the client became debt free: 01/29/2009
Progress of her case:
LN came to OVLG with an outstanding debt of $ 5157.14 which was due to her creditor Washington Mutual. Negotiations began soon after enrollment & we were able to settle the account at 43% within 4 months of receiving her first payment. Pleased with the speed & the settlement offer made, LN accepted & we went ahead & made the payment to her creditor. LN was debt free on January 2009, four months after coming to OVLG.
