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Case Study 5

Client name: 'KM'
Total debt: $5541.56
Enrollment date: 09/29/2007
First payment date: 10/04/2007
Number of creditors: One
Type of creditors: One credit card
Client relationship associate: Oscar Sanchez
Monthly payments: $160
Total amount paid to creditors: $1100
OVLG fees: $994.16
Date the client became debt free: 08/28/2008

Progress of her case:

Nick settled the account for KM in the month of August at 19%. The case file was transferred to Oscar. He started making the payments to the creditor. All the while KM was kept updated of the progress. The last installment was made to the creditor (FIA Card Services) on 28th of August making KM debt-free in just 11 months.