Client MC from AL saved $1,831

Client Situation

Debt Enrolled: $8,138
Creditor Enrolled: 13
Debt Processed: $5,549
Debt Settled: $3,107
Total Saved: $1,831
Enrollment Date: 19 Feb, 2013
Type of Debt: Credit Card, Accounts in Collection
Financial Coach:
Client Relationship:

Details of few savings

How OVLG handled the situation?

MC contacted OVLG in the month of February, 2013 to settle all his Credit Card Debts. His Client Intake Manager was Van Cliburn. He explained the entire debt settlement program and answered all his doubts and queries. Finally, with complete knowledge of the entire debt relief process, he decided to enroll himself in the program. The file was then transferred to his Case Manager Ray Smith in order to deal with his creditors.

Ray started working on his accounts in the month of March, 2013, when MC made his first payment. MC has been making regular monthly payments to build up his trust account so that it can be used to pay his creditors. Ray has settled the first account in the month of July, 2013 for 50.00% and is in negotiations with the rest of the creditors to pay off his debts.

Video Transcription

  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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