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Case Study 17
Client name: 'KC'
Total debt: $19781.06
Enrollment date: 09/30/2008
First payment date: 09/30/2008
Number of creditors: Two
Type of creditors: Accounts in Collection
Client relationship associate: Alfred Marshall
Monthly payments: $750
Total amount paid to creditors: $9387
OVLG fees: $400
Date the client became debt free: 01/29/2009
Progress of his case:
KC contacted OVLG in the month of May 2008, in an attempt to seek help in settling his debts. He spoke with BG, who explained the debt settlement program & aptly answered all KC’s questions. KC was sold on the effective guidance received from BG & promptly enrolled himself in the program. After which the file was transferred to Alfred, the Client Relationship Manager who would work with KC.
Alfred’s successful negotiating with both the creditors helped in getting the accounts settled in the month of December 2008.
The Chase account was successfully settled at 51%.
The Citibank account was settled at 45%, which was payable in 2 installments. The first payment was made in December 2008 and the final payment was released in the month of January 2009, hence making KC debt free in just 4 months.
