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- Credit Card Debt Relief Success Story - Our client owed Citibank in excess of $17,000.00 on a personal loan he took out in 2008. The original loan totaled $7,997 back in 2008. However, the interest rate varied from 18% to 28% during the course of his repayment of this loan. He became unable to make the payments as they became due once he went on Social Security post-retirement. Citibank eventually sold the account to Cavalry Portfolio for further collections. Cavalry hired the Winn Law Group to attempt to collect. When they couldn’t collect, Cavalry sued him for $18,369.52, the balance due with accrued interest, and obtained a judgment against him. Our client, now 80 years old, could not afford to pay this since he’s on a fixed income. He had the benefit of a third-party willing to help him get out of this debt with a small loan of $5,000.00, to put this behind him. We negotiated with the Winn Law Group and Cavalry Portfolio to settle this account for $5,000.00. We saved our client $13,369.52 on this account. He no longer needs to be concerned with Winn Law Group coming after him to collect on this judgment.
- Student Loan Debt Relief - Our client owed in excess of $80,000 on a private student loan. He made payments to a loan servicer, American Education Services (AES), for several years, however the balance never seemed to go down much due to the high interest rate on this private student loan. He eventually lost his job and became unable to continue making his monthly payments as they became due. AES eventually transferred this loan back to the original investor of the loan. They threatened to sue him due to non-payment of the debt. This is when we were retained to step in to settle this private student loan. We settled the account for $45,000.00, payable over a term of 60 months. We saved our client $35,000.00 on his private student loans. We also helped him avoid a lawsuit, which could have led to more attorney’s fees that he certainly couldn’t afford to pay.
- Credit Card Debt Relief - Our client ran up a J. Crew credit card to a balance of $1,745.00. She owes several other creditors and became unable to pay them all back. She retained us to negotiate this debt as well as the others. The account got sold to Midland Credit Management. Once it reached Midland, we realized the opportunity to get our client a discounted settlement on this account. We negotiated with Midland and they agreed to accept $872.50 (50% of the balance due), payable over 3 months to fully settle this account. Our client will pay off this account in February and be well on her way to becoming debt free in 2020!
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