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- Student Loan Debt Relief - Our client owed National Collegiate Student Loan Trust $16,016.53 for her private student loans. The debts went through a number of collectors before they ended up in the hands of Transworld Systems for further collection activity. With the knowledge we have gained over the past 5 years of negotiating National Collegiate Student Loan Trust debt, we knew we could get this amount lowered significantly with a lump sum offer. We convinced Transworld Systems to accept $4,804.96 to settle this debt. This is a savings of $11,211.57 (65% of the total balance due) for our client.
- Credit Card Debt Relief - Our client owed American Express $4,074.02. He also has about $120,000 in other credit card debt he became unable to pay due to a number of hardships. AMEX eventually referred this account out to Firstsource Advantage, a large collection agency. After explaining our client’s hardships and other debts due, Firstsource agreed to accept $1,262.00 to settle this account in one lump sum. We saved our client $2,812.00 (a 70% savings on the total debt due).
- Student Loan Debt Relief - Our clients (a borrower and a co-signer) owed $30,232.69 on a private student loan. The borrower could not make the payments and the loans eventually ended up with a law firm that sued both of them for non-payment of the debt. Our clients’ attempts to negotiate on their own stalled. With a trial scheduled for less than a month away, we were retained to negotiate a deal. Less than 2 days later, we were able to settle the debt for $16,800.00, with monthly payments of $500.00, until the balance of the settlement is paid in full. We saved our client $13,432.69 (approximately 45%) of the balance due. This saved them from having to go to trial, which would have likely resulted in a judgment being entered against them for the entire amount claimed due. While you can try to negotiate on your own, sometimes it helps to have an attorney on your side to get a settlement accomplished. We are thrilled that these clients came to us for this help.
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