Client Situation

Initial payment: $348
Reduced payment: $182
APR reduced: 4.9966666666667%
Type of Debt: Not Specified
Reviewed on:
Financial Coach:
Client Relationship:

Details of few savings

APR reduced with Initial monthly payment Reduced monthly payment APR reduced
Value city furniture $163.00 $75.00 10.00%
Walmart $89.00 $42.00 2.29%
Jc penny $96.00 $65.00 2.70%

How OVLG handled the situation?

BB1 enrolled under our debt management program in January 2013. One of our counseling managers Adam Augustine gave her a free consultation. She reviewed all her options and suggested her to enroll in our Debt Management program. BB1 added 8 creditors with a balance of $23000 in our program.

After the first payment the file was assigned to Oscar Sanchez and he started sending the proposals to the creditors. Oscar succeeded to get approvals from three of her creditors. She was paying an APR of 26.99% on her JC Penny account. Oscar has reduced it down to 2.7%. In the Walmart account client was paying an APR of 22.9% which is reduced down to 2.29%. She also has a Value City Furniture account where she was paying 27.99% but it is reduced down to 10%. Client is very happy to see that she is saving almost $166 each month from these three accounts. BB1 is happy with the way this program has started for her and expects to get some similar good results.


Video Transcription

Thank you to Oak View Law Group for their assistance with my credit consolidation. My APR's have went from high 20 percents down to 2-3 percent, so thank you Oak View Law Group.

* 1. Client names have been changed to protect privacy.
2. Out of the many cases we handle, the above are few sample instances only. These depict how much we have saved from each creditor after deducting the settlement fees.
3. Please note that the negotiation amount is neither constant nor predictable. It depends on the creditors completely.
4. Out of the total 18466 clients managed by OVLG till date, cases of 820 clients aren't complete yet. 13167 clients have dropped out of the program. We're working with 2379 clients currently. We have also helped 2100 clients successfully.
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