Are you too much worried about your outstanding bills? Online debt solutions can help you reduce collection calls, save money and solve any type of financial problems. So try to get a free counseling session and find the best debt solutions in town.
OVLG gives you 4 solutions to debt problems. Each tries to resolve your financial problems in different ways. In this section, we talk about how these solutions can help you pay off debts.
Debt settlement helps to eliminate late fees, reduce your credit card payoff amount and collection calls. In this debt reduction program, our Financial Coach requests your creditors to accept significantly less than the full amount.
Now the question is, why would the creditors agree to settle your debt?
The quick answer to this question is: They don’t want you to file bankruptcy where the court will decide everything.
Debt consolidation helps you manage multiple bill payments with an affordable repayment plan. Instead of writing 10 checks every month, you have to write only one check after consolidating your medical bills, credit cards, personal loans, and payday loans. This helps to avoid late payments, penalties, and fees.
Debt consolidation doesn’t give you a quick solution. Rather, it is a long-term financial strategy to pay off debt. When done properly, it can help:
This debt relief plan helps to reduce interest rates on your unsecured debts and eliminate penalties. Our Financial Coach helps you get back on the right financial track with an effective budget plan and a repayment plan. The Financial Coach negotiates with creditors to reduce interest rates and the number of payments on your unsecured debts. This helps to save money on interest and fees.
Let’s take a brief look at how a debt management plan helps you in 3 simple ways:
Bankruptcy releases you from your financial liabilities in just 3 months. In Chapter 7, the bankruptcy trustee liquidates your assets to satisfy your creditors. In Chapter 13, you can propose a repayment plan according to your affordability and pay your bills in 3 to 5 years.
Here’s what happens when you file bankruptcy.
Step 1: Analyzes your finances and helps you know your options to pay your outstanding bills
Step 2: Gives you a budget plan so that you can reduce your unnecessary expenses, save more and complete your repayment plan
Step 3: Explains debt relief programs for clearing your unpaid bills and penalties.
Here’s what happens after you sign up with OVLG
What are the benefits of the OVLG legal debt solutions?You won’t find the No Results Refund Policy anywhere else!!!
More than 5890 clients are happy with our solutions!!! This is what they have to say about us!!!
Client satisfaction level:Check Video TranscriptJK1 from WA saved $2684.66I'm JK1, I'm a client of oakview law group debt consulting and settlement program, very happy with what they've done for us. They allowed us to get a little breathing room while we got our debt under control, kept the collectors from hassling us unlike other debt consolidation outfits that I had had to use in the past. Oakview is very effective at that, our manager Kevin Anderson always conducted himself with the utmost professionalism and worked very hard on our behalf for which we were very grateful. I certainly wouldn't hesitate to recommend their services to friends.
* Client names have been changed to protect privacy
You have to pay a monthly consultancy fee of $50 for a 30 minutes consultation with the tax attorney, budgeting consultant, and the savings consultant. However, the monthly consultancy fee will be adjusted with the success fee after your debt issues are resolved. Get the complete fee structure.
Usually, debt elimination programs help to increase your credit score when they reduce your overall utilization ratio. If bankruptcy or debt settlement reduces your overall utilization ratio, then your credit score will increase automatically. If your utilization ratio drops from 100% to 40%, there will be a big jump in your score.
Debt settlement and consolidation can also help to stop wage garnishment. But in that case, you have to save a significant amount in advance so that our CRA can offer an amount to stop wage garnishment.
The CRA will offer a decent payoff plan to your creditors. But to stop wage garnishment, we have to offer an amount upfront for immediate effect.
Don’t ignore the 1099-C form because the creditor reports the canceled debt to the IRS as well. So the IRS has all the details in their online database. If you don’t report the 1099-C, then you might be charged for the amount if they find out the error.
When you get personal debt solutions from OVLG, creditors rarely employ drastic measures since they don’t want to get into legal hassles. Creditors want money and when they receive it, they forget about lawsuits and imposing liens on properties.
Once you get arrested, the only way to get out of jail is to pay what you owe. Remember, judgment has an option to add interest. So, you may owe hundreds or thousands of dollars. If you don’t have money to pay the full amount, then consult a bankruptcy attorney for advice.
Have a quick glance at the FDCPA laws since collection agencies have to follow certain rules at the time of negotiating with you. If a debt collector violates the laws, you can file a lawsuit against him.
OVLG offers consolidation programs in different states to help you repay bills conveniently. Just call us at the toll-free number to get the best guidance.
Is debt settlement a legal way to repay bills? Debt settlement is perfectly legal. It is one of the most popular legal debt solutions across the count...
Last Updated on: Mon, 4 Jun 2018