OVLG Services & Fee Structure
Our primary goal is to be transparent and affordable, adhering to FTC guidelines. Here's a detailed breakdown of our fee structure:
1. Debt Settlement and Consolidation Fees
| Description | Details | Calculation | Amount |
|---|---|---|---|
| Outstanding Debt Amount | The amount you've enrolled for settlement or consolidation. | - | $10,000 |
| Negotiated Debt Amount | Amount after our expert negotiation. | 50% of Initial Debt. | $5,000 |
| Amount Saved | Your savings after our negotiations. | Outstanding - Negotiated Amount. | $5,000 |
| Success Fee | Fee charged after successful settlement. | 25% of the Outstanding Debt Amount. | $2,500 |
| Legal Consultation Fee | Optional service. | Per Hour. | $100 |
| Referral Fees | OVLG's stance on referral fees. | - | No fees were paid or received. |
| Dropout & Refund | If you choose to stop our services, the trust account balance is refundable, excluding earned FEES. | - | Refunded within 7 business days. |
| No Result Refund Policy | If you're not happy with our services, communicate with us. Mail us at complaint@ovlg.com. | Send feedback via fax (800-637-6854) to OVLG President. Refund provided after deducting any earned fees. | Processed within 7 business days. |
2. Chapter 7 Bankruptcy Fees
| Description | Details | Fee Amount |
|---|---|---|
| Chapter 7 Base Fee | Service charges, not including filing & credit counseling fees. | $1,500 |
| Filing Fee | Additional fee for discharging most unsecured debts. | $338 |
| Amendment Fee | If any changes are made post-initial filing. | $32 per change. |
3. Chapter 13 Bankruptcy Fees
| Description | Details | Fee Amount |
|---|---|---|
| Chapter 13 Base Fee | Base service charge, plus any amount set by the court. | $2,500 |
| Filing Fee | For those opting for structured partial repayment plans (especially for retaining assets). | $313 |
| Amendment Fee | If any changes are made post-initial filing. | $32 per change. |
FAQ
This is the fee we charge once we've successfully settled your debts.
We maintain it in a client trust account, ensuring that fees can be covered easily and negotiations can begin without seeking further funds.
We believe in delivering results first. Charging upfront goes against our policy of ensuring client satisfaction and trust from the outset.
The success fee is calculated as a percentage (25%) of the outstanding debt amount you've enrolled for settlement or consolidation.
Our goal is to ensure you're pleased. If not, please provide feedback. If we can't assist, we'll refund the trust account balance, excluding any earned fees.
Debt Settlement is a process where we negotiate with your creditors to reduce the amount you owe. Debt Consolidation combines multiple debts into a more manageable amount with potentially lower interest.
No, our fee structure is transparent. We disclose all costs upfront, and there are no hidden charges.
We don't pay or receive any fees for referrals. Our primary focus is on providing excellent service and gaining trust through word of mouth.
For any queries, you can reach out to Nick Denton at nick@ovlg.com.
Special Note
Let us know if you come across a company that charges less than us! Email Nick Denton at nick@ovlg.com, and we guarantee to provide our services for half the fee they charge.
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