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Case Study 3
Client name: 'CJ'
Total debt: $ 8980.76
Enrollment date: 12-01-2008
First payment date: 01/05/2009
Number of creditors: Two
Type of creditors: Credit Cards
Client relationship associate: Pattie Smith
Monthly payments: $150
Total amount paid to creditors: $7398
OVLG fees: $708.28
Date the client became debt free: 6-12-2009
Progress of his Case:
The first account which was settled by Pattie had an outstanding balance of $2,542.63 and the settlement amount was for $ 1,398. It was settled at 53%. This was for Bank of America.
The final account for which CJ had already received summons. This made it all the more difficult to lower the balance. Finally after much negotiating, the creditor agreed to remove the financial charges.
Within 6 months CJ walked away debt free & happy.
