Case Study 4

Client name:'PB'
Total debt: 23117.75
Enrollment date: 7-18-2008
First payment date: 09/12/2008
Number of creditors: Three
Type of creditors: Credit Cards
Client relationship associate: Pattie Smith
Monthly payments: $300
Total amount paid to creditors: $9329
OVLG fees: $1678.90
Date the client became debt free: 5-18-2009

Progress of his Case:

The first account was settled by Dave within 4 months. Pattie worked on the second account, which was a larger debt. She was able to negotiate a settlement offer of 37%. The customer was quite pleased by the outcome of the settlement. Pattie also negotiated for the last account with a balance of $14,773.70. This account was settled for $ 5,908.

Within 10 months PB was debt free.