In a debt settlement program, the creditor agrees to slash the outstanding balance of the consumer by a certain percentage after a successful negotiation process. The program is usually offered by a settlement company in exchange for a fee.

The best part of the program is that consumers can settle a debt for pennies on the dollar. They won't have to pay late fees, fines or penalties.

How much can you save?
Monthly payment you can afford

OVLG Debt settlement process – 5 Simple stages

Click here to check the Video Transcript.

Stage 1:

Our financial coach reaches you over the phone. He analyzes your financial situation and decides if debt settlement is best for you.

Stage 2:

If this program suits you, then he'll explain the fees structure and other details clearly. Once done, you've to sign an agreement with us.

Stage 3:

You get an e-copy of the debt settlement agreement. A secured client secure area is given to you. You can track your case every minute.

Stage 4:

The CRA (Client Relationship Analyst) opens a dedicated account in Bank of America wherein your money is saved every month.

Stage 5:

The negotiation process starts to reduce the outstanding balance. Once the creditor is ready to accept the partial payment in exchange for a lump-sum payment, we will settle your debt.

Why OVLG is the best debt settlement company

Why is Oak View Law Group unique? What makes it the best debt settlement company in the country? Find out on your own.

  • Follows all the settlement laws
  • Solves your debt reduction needs
  • Have a panel of attorneys to help you
  • Help you settle debt in 48 states
  • Gives you a 100% refund policy
  • Have a reasonable fee structure
  • Offers easy to understand written settlement agreement
  • Gives you FREE sample settlement letters
  • Gives you an FREE advice on settlement
  • Helps you calculate your savings
  • Is a registered law firm
  • Has a strong privacy policy
  • Has a transparent work methodology
  • Seek approval for all resolution offers

Get instant help from OVLG

Fri Jun, 2017 Review: la saved $3881.54
Fri Jun, 2017 Review: la saved $3881.54
Client satisfaction level:
* Client names have been changed to protect privacy

6 Must-haves during debt settlement

Debt settlement letter

Debt settlement calculator

Debt settlement agreement

Good settlement company

Money to settle debt

Proper disclosures

Debt settlement pros

  • You can save a lot
  • Creditors can be less aggressive
  • You can avoid filing bankruptcy
  • You can avoid collection calls
  • Late fees and penalties will be dropped
  • You can ditch credit card debts within 3 years

Debt settlement cons

  • Your credit score will drop initially
  • You'll have to pay tax when you save more than $600
  • You have to abide by the settlement agreement
Who can go for this debt relief option?
Who can
  • Have credit card debt issues
  • Have personal loans
  • Have private student loans
  • Have huge medical bills
  • Have huge cell phone bills and utility bills
  • Have legal payday loans
  • Are unable to afford current monthly payment plans
  • Want to avoid the stigma of bankruptcy
Who can't
  • Have federal student loans
  • Can't cover tax obligations
  • Can't sacrifice their credit little bit
  • Have mortgage loans

Do you have the qualities to negotiate on your own?

Here you're talking about DIY debt settlement. Well, it's not for everybody, and this is why several consumers approach attorneys. Here are the 10 qualities you need to have to negotiate on your own:

10 Qualities you need to have
  • 1 You're less emotional and more practical
  • 2 You know the collection laws by heart
  • 3 You can talk sweetly
  • 4 You know how to manage collectors
  • 5 You can execute your debt settlement plan
  • 6 You have an idea about the collection cycle
  • 7 You know how fast you can arrange money
  • 8 You're diplomatic and can negotiate well
  • 9 You can convey your problems properly
  • 10 You can get everything in writing

Why it is good to consult a debt settlement attorney

Attorneys are there in the industry for several years. They know the ins and outs of debt settlement programs very well.

9 Reasons to consult a lawyer or attorney for settlement

  • 1 You don't have anything to worry. The attorney will look after your case.
  • 2 You don't have to receive collection calls. The attorney will handle them.
  • 3 Attorneys know what creditors can or can't do. So, they can plan accordingly.
  • 4 Attorneys know the latest FTC rules by heart. You might not know about them.
  • 5 Attorneys can negotiate very well. They'll probably save more for you.
  • 6 Attorneys may help you when creditor decides to file a case against you.
  • 7 Attorneys can safeguard you from collection harassment.
  • 8 Attorneys will give you the best legal advice.
  • 9 Attorneys can show you the other options as well.

OVLG Trivia

Do you know what are the alias names of DSP?
    A: Well, a lot of people refer DSP as:
  • Debt negotiation programs
  • Debt reduction programs
  • Debt resolution programs

Next time, you hear these names, don't get awestruck.
This is nothing but DSP.

What are the 6 types of debts that are settled by OVLG?
    A: Credit card debt
  • Personal Loan
  • Payday loans
  • Utility bills
  • Medical bills
  • Collection account

Is it a registered firm?
It is registered with CalBar and Cal Chamber

Tips to choose a good settlement company

Yes, there are lots of tips. Some of them are:

  • Ask the company about how to settle the debt. A good one will know the program in details.
  • Ask if it charges an upfront fee. A good one won't charge an advance fee.
  • Check if it's a licensed company in your state.
  • Find out its industry experience. The longer it has been in the industry, the better.
  • Check and find out if its fee structure is acceptable.
  • Go through the online reviews on the company.
  • Ask about the right-of-rescission period.
  • Check if the debt settlement company follow the FTC laws.

6 FTC laws debt settlement companies must follow

  • They can't charge an upfront fee.
  • They need to give you full information about the debt settlement program.
  • They must explain their terms and conditions.
  • They should tell you the amount you need to save.
  • They shouldn't promise what settlement companies can't deliver.
  • They must explain the risks associated with the program.
Caution: Some settlement companies may ask you to forget about making monthly payments to creditors. In that case, these companies must explain the possible outcome of not making payments – both positive and negative. If they don't, then this again will be a violation of the FTC laws.

What to do when settlement is not good for you

Well, you have 3 options basically during this time.



Here you can get low-interest monthly payment plans to pay off your unsecured debts


Here, you only have to make one payment every month.


Here you liquidate your assets or go for a reorganization plan to pay back your creditors.
Interested in getting FREE debt settlement advice?
Call us at our Toll Free Number – (800)-530-OVLG

Last Updated on: Tue, 10 Jul 2018

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