Client HN from NY saved $4,886

Client Situation

Debt Enrolled: $14,692
Creditor Enrolled: 2
Debt Processed: $13,631
Debt Settled: $7,115
Total Saved: $4,886
Enrollment Date: 12 Oct, 2009
Type of Debt: Accounts in Collection
Financial Coach:
Client Relationship:

Details of few savings

How OVLG handled the situation?

HN from NY was heavily buried under debt. He didn't know how to pay off the $18,000 in credit card debt. He enrolled in OVLG's debt relief program on October 12, 2009. Russell, one of our Case Managers, started working on his file and successfully settled his first account in the month of November 2009 with Chase (NJ) for 30%. The final account was settled in the month of January 2010 with Chase for 60%. Hence, through affordable monthly payments, the client is moving toward a debt free life.

Video Transcription

Hi, my name is ________. Recently I owed credit cards, two of the credit cards for thorough amount of $18000. Had no choice, really could not pay the whole amount together. So, I called OVLG for help and my personal contacts whose name is Richard Smith listened to my problem, understood my problem and he called my credit card company as well as the collection agency and helped me to reduce my amount to almost 40% to what I owe. So, it was from about $18000 to $3000 total for two of the credit cards. Richard listened to my problems and understanding my financial status and he contacted the credit card company as well as the collection agency. He also convinced them for a reasonable monthly payment. I really appreciate his help. Thank you very much Richard.

  1. * We have changed clients' names to protect their privacy.

  2. The aforementioned are only a few examples of the various cases we deal with. After deducting the settlement fees, these show how much we saved from each creditor.

  3. Please note that the settled amount is neither consistent nor predictable, and it depends on the creditors.

  4. Of the 18466 clients supervised by OVLG to date, 820 cases have not yet been completed. A total of 13167 clients have left the program. Currently, we are working with 2379 clients, and we've also successfully assisted over 6700 clients.

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