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- Debt Relief Success Story - Our client took out a loan with Fast Auto Loans. These are typically loans that are secured by the title to the consumer’s car. With accruing interest, our client owed a total of $9,885.71 on this loan. We have been working with this client for a couple of years and fortunately, he was able to save enough money with us to put together a one-time lump sum settlement of $2,200.00. After a series of negotiations back and forth we were able to convince Fast Auto Loans to accept this offer. We saved our client $7,685.71 (approximately 72%) on the total balance claimed due! Even more important, this removes the lien on the title so that he doesn’t risk losing his car due to this debt.
- Small Business Loan Debt Relief - We have a client that owns his own business. Oftentimes our clients have the need to take out small business loans for a variety of reasons to keep them afloat. That’s exactly what happened to this client that took out an extension of credit with Riverbendcash.com. The balance increased to about $1,450.00 due to interest. Proving again that most debts aren’t too small to settle, we offered a one-time lump sum settlement of $500.00. Riverbendcash.com accepted our offer to settle without providing a counter offer. We saved our client $950.00 (approximately 65%) of the total amount due on this account. Every penny counts for our clients that are business owners. We were pleased to get this result to save him this amount although it may seem small to some!
- Credit Card Debt Relief - Our client owed LL Bean $2,286.65 on a defaulted credit card account. She has reached the age of retirement and has limited funds available to deal with this debt as well as a number of others she accumulated. We have been working with this client for a few months to start getting the funds necessary to settle her defaulted debts. For this account, we quickly offered a lump sum of $915.00 to settle the account. LL Bean accepted this offer immediately once they realized our client’s other debts and the difficulty they would have collecting from her otherwise. We saved our client $1,336.00 on her LL Bean credit card debt. This is a 40% settlement of the total amount claimed due. We still have some work to do for this client, but we are confident we can get similar settlements on her remaining debts.
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