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Case Study 7
Client name: 'RP'
Total debt: $31,484.50
Enrollment date: 12-11-2008
First payment date: 01/23/2009
Number of creditors: Four
Type of creditors: Credit Cards
Client relationship associate: Pattie Smith
Monthly payments: $400
Total amount paid to creditors: $10800
OVLG fees:$800
Date the client became debt free:5/27/2009
Progress of his Case:
Being debt free is like a breath of fresh air. It gives you the urge to move forward, to live. This was exactly the reaction of RP. The extent of his happiness was boundless that it is difficult to pen down in words. Before coming to OVLG, RP was struggling with his debts. It seemed like a never ending abyss.
Pattie Smith worked on the first two accounts that were with creditor Bank of America. The first account with a balance of $11,447.80 was settled for $3600. RP was ecstatic with this offer & accepted. The second account was settled simultaneously at 31%.
Within a span of 10 days, another account was settled at 45%. As the days went by, the burden of debt was decreasing.
The last account, again with Bank of America, was settled at 34%.
The winning note in this particular scenario was that both RP & Pattie worked in sync with each. Both were available to discuss & make important & timely decisions.
Apart from the hard work, being able to witness RP walk out debt free was an achievement in itself for Pattie.
