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- Credit Card Debt Relief - Our client owed American Express $19,611.04.. He is employed in the mortgage industry, which is income-based pay. His income dropped and his own monthly mortgage payment went up and he could no longer afford to pay both. He received notice that the law firm Michael & Associates had been retained by AMEX and they sued him. This is when our client contacted us to assist him with negotiating a settlement that he needed to pay over a term. We settled the debt for a total of $11,000.00, payable over an extended term that fit his monthly budget. We saved our client a little over $8,000.00 on this debt and helped him avoid having to defend against a lawsuit that he almost certainly would have lost since he agreed he owed the debt.
- Credit Card Debt Relief - Not all debts we resolve are high balance accounts! While we try to steer clients towards resolving low-balance accounts on their own, sometimes they would rather pay an attorney to make sure everything is handled correctly. Our client got sued on a Citibank debt totaling a little over $1,500.00. Since I’ve seen lawsuits for less than $1,000.00, this didn’t surprise me. Our client said the other law firm intimidated her when she tried to handle this on her own, so she started looking for help online. She found our firm. After speaking with her, I decided to take on her case for a low flat fee just to see if I could help her out. We were able to settle the account for $1,000.00, payable at $200.00/month for five months, which is all she could afford to pay. Taking into account our fee, our client still saved some money and avoided the stress of having to deal with this experienced debt collection law firm that sued and tried to intimidate her. This obviously isn’t a client that I’ll be able to retire from, but it still feels good to help out someone that felt in need of someone with experience in negotiating debt to help her out.
- Student Loan Debt Relief - Our client fell behind on her Federal Student Loans owed to FedLoan Servicing. Federal Student Loans are considered to be in true “default” after 270 days (9 months) of non-payment. She contacted us when FedLoan threatened to start garnishing her wages. One of the options on a defaulted Federal Student Loans is to rehabilitate the loan to bring in current and then get back into regular monthly payments, which can be based on your current income. The nine monthly payments are also based on your income. We assisted our client in getting into a repayment agreement she could afford, and she is now on her way to getting her Federal Student Loan out of default so that she can resume monthly payments she can truly afford based on her income. While some may say you could do this on your own, some clients are simply overwhelmed and don’t feel like they can handle this on their own. We are more than willing to take on these types of cases for a low flat fee, which certainly saves on what you may pay over the life of the loan in the end.
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