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We will help you choose the right debt relief option using unique waterfall approach.
Principal + Interest rate negotiation fees (Debt Settlement)
For debt amount less than $10,000:
Enrollment fee:
$100 per creditor.
Monthly maintenance fee:
$50 irrespective of the number of creditors.
Success fee:
10% of the savings.
For debt amount of $10,000 and more:
Enrollment fee:
5% of total debt amount.
Monthly maintenance fee:
$50 irrespective of debt amount.
Success fee:
10% of the savings.
Let's look at few examples:
Example for debt amounts less than $10,000:
Suppose Stacy has 2 creditors with the combined debt of $8,000.
She will pay OVLG $200 as enrollment fee.
Then she will pay $50 each month for the monthly maintenance fee until the account gets settled. Suppose OVLG settles the debt for $3,000. Then she will pay 10% of $5,000 (since $5000 is the amount Stacy saved) which is $500 as success fee.
Example for debt amount of $10,000 or more:
Suppose Kathy has 12 creditors with the combined debt of $20,000.
She will pay OVLG 5% of $20,000 = $1000 as enrollment fee.
Then she will pay $50 each month for the monthly maintenance fee until the account gets settled. Suppose OVLG settles the debt for $8,000. Then she will pay 10% of $12,000 (since $12,000 is the amount Kathy saved) which is $1,200 as success fee.
Since most of the fees of OVLG is dependent on producing good results it gives us an incentive to do the very best for you.
Enrollment fee:
$100 per creditor.
Monthly maintenance fee:
$50 irrespective of the number of creditors.
Success fee:
10% of the savings.
For debt amount of $10,000 and more:
Enrollment fee:
5% of total debt amount.
Monthly maintenance fee:
$50 irrespective of debt amount.
Success fee:
10% of the savings.
Let's look at few examples:
Example for debt amounts less than $10,000:
Suppose Stacy has 2 creditors with the combined debt of $8,000.
She will pay OVLG $200 as enrollment fee.
Then she will pay $50 each month for the monthly maintenance fee until the account gets settled. Suppose OVLG settles the debt for $3,000. Then she will pay 10% of $5,000 (since $5000 is the amount Stacy saved) which is $500 as success fee.
Example for debt amount of $10,000 or more:
Suppose Kathy has 12 creditors with the combined debt of $20,000.
She will pay OVLG 5% of $20,000 = $1000 as enrollment fee.
Then she will pay $50 each month for the monthly maintenance fee until the account gets settled. Suppose OVLG settles the debt for $8,000. Then she will pay 10% of $12,000 (since $12,000 is the amount Kathy saved) which is $1,200 as success fee.
Since most of the fees of OVLG is dependent on producing good results it gives us an incentive to do the very best for you.
Budgeting and bill pay fees
Enrollment fee:
None.
Monthly maintenance fee:
$50 for the first 10 monthly recurring bills. $5 for each additional bill.
Let's look at an example:
Suppose Stacy has:
A. 2 bills: She will pay OVLG $50 each month for the bill pay service.
B. 10 bills: She will pay OVLG $50 each month for the bill pay service.
C. 12 bills: She will pay OVLG $60 each month for the bill pay service.
None.
Monthly maintenance fee:
$50 for the first 10 monthly recurring bills. $5 for each additional bill.
Let's look at an example:
Suppose Stacy has:
A. 2 bills: She will pay OVLG $50 each month for the bill pay service.
B. 10 bills: She will pay OVLG $50 each month for the bill pay service.
C. 12 bills: She will pay OVLG $60 each month for the bill pay service.
Interest rate negotiation fees (also known as Debt Management or Credit counselling)
Enrollment fee:
None
Monthly maintenance fee
$39.
None
Monthly maintenance fee
$39.
Chapter 7 Bankruptcy fees
Chapter 7: $1,500 for most cases (filing fees and credit counseling fees not included).
The fees listed below are statutory filing fees, payable to the bankruptcy court.
Chapter 7 Filing Fee:
$299 (Discharge of most unsecured debts).
Amendment Fee:
$26 per amendment (If you have to make changes to certain documents after initial filing).
The fees listed below are statutory filing fees, payable to the bankruptcy court.
Chapter 7 Filing Fee:
$299 (Discharge of most unsecured debts).
Amendment Fee:
$26 per amendment (If you have to make changes to certain documents after initial filing).
Chapter 13 Bankruptcy fees
Chapter 13: $2,500 plus additional amount set by the court.
A lot of our clients sign up for debt management or debt settlement hoping to avoid bankruptcy but while they are in the debt management or debt settlement program their financial situation might become worse. In such a scenario we give them an easy path to bankruptcy. Hence, for both chapter 7 and Chapter 13 bankruptcies we give up to $500 credit for fees paid towards debt management or debt settlement. Here are some examples of fee credit.
The fees listed below are statutory filing fees, payable to the bankruptcy court.
Chapter 13 Filing Fee:
$274 (Structured partial repayment plan for debtors who want to keep assets like homes).
Conversion Fee:
$15(to change a Chapter 13 case into a Chapter 7 case).
Amendment Fee:
$26 per amendment (if you have to make changes to certain documents after initial filing).
A lot of our clients sign up for debt management or debt settlement hoping to avoid bankruptcy but while they are in the debt management or debt settlement program their financial situation might become worse. In such a scenario we give them an easy path to bankruptcy. Hence, for both chapter 7 and Chapter 13 bankruptcies we give up to $500 credit for fees paid towards debt management or debt settlement. Here are some examples of fee credit.
The fees listed below are statutory filing fees, payable to the bankruptcy court.
Chapter 13 Filing Fee:
$274 (Structured partial repayment plan for debtors who want to keep assets like homes).
Conversion Fee:
$15(to change a Chapter 13 case into a Chapter 7 case).
Amendment Fee:
$26 per amendment (if you have to make changes to certain documents after initial filing).
