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Client Situation

Debt Enrolled: $8137.65
Creditor Enrolled: 13
Debt Processed: $5549.17
Debt Settled: $3107.18
Total Saved: $1831.49
Enrollment Date: 19 Feb, 2013
Type of Debt: Credit Card, Accounts in Collection
Financial Coach:
Client Relationship:
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Details of few savings

Saved $693.37 with Capital One

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.

* 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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