Client Situation

Enrollment Date: 24 May, 2014
Debt enrolled: $19919.54
Creditor enrolled: 4
Debt processed: $21908.82
Debt settled: $6381.40
Total saved: $11645.57
Type of Debt: Credit Card
Financial Coach:
Client Relationship:
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Details of few savings

Saved $1938 with Kohls

How OVLG handled the situation?

RN enrolled in the debt settlement program on May 23rd, 2014. When he called us for first time he had 4 credit cards with a total outstanding balance of $19919.50. He was explained the process by one of our experienced financial coach BG who cleared all his doubts regarding the program. RN's files was assigned to Simon Green who started negotiating with his credit card companies and settled the Wells Fargo Account with multiple payment option. It's been 18 months now and Simon is still trying to settle the other cards with the limited funds RN is saving each month. Though we have 3 open creditor accounts to be settled, the client is quite glad since Simon saved him over 4K on one single account.


* 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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