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Case Study 13

Client name: 'RM'
Total debt: $ 5955.34
Enrollment date: 04/08/2008
First payment date: 04/08/2008
Number of creditors: One
Type of creditors: Personal unsecured line of credit
Client relationship associate: Steve Green
Monthly payments: $100
Total amount paid to creditors: $2800
OVLG fees: $700
Date the client became debt free: 04/16/2009

Progress of her case:

RM enrolled with OVLG in April 2008. She had a total debt of $ 5955.34 payable to a single creditor. Steve effectively got a settlement offer of 47% from the creditor Cash Call. This was payable in 6 installments. RM agreed & accepted the settlement offer. The final installment was made on the 24th of February 2009. With help from OVLG, RM was able to walk debt free within 1 year.