|
|
|
|
|
|
- Credit Card Debt Relief - Our client owed approximately $113,000 to various creditors. One of his accounts with Best Buy ended up with the Moore Law Group for debt collection. They threatened to sue him on this debt if he could not pay it. This is one of our client’s smaller debts, totaling $2,408.00. We were able to contact the Moore Law Group and settle this account for $1,800.00. It’s not the savings we attempted to get for our client, but they agreed to accept payments over 12 months. Sometimes it takes some creativity to get deals done for clients to facilitate other settlements. That’s what we did here. We will continue to work on the remaining debts and hope to have positive updates on this client’s accounts.
- Credit Card Debt Relief - This is a small account, but worth mentioning. Our client owed Wells Fargo Bank $12,468.07. He owed about $40,000.00 in debt to other creditors that we are negotiating with. Wells Fargo became aggressive in their collection activities. We stepped in and got Wells Fargo to agreed to a settlement of $4,987.23, payable over 24 months. This is a savings of 40% of the amount due. This will allow us to not only pay off this debt over time, but also allow us to continue to negotiate his remaining debts with his other creditors on terms he can truly afford.
- Student Loan Debt Relief - Our client owed in excess of $100,000 on a private student loan. The loan got sold to a third party. When she became unable to pay, they threatened to sue her for the unpaid balance. This is when she retained our firm to help her negotiate a settlement. We were able to negotiate with the law firm to settle the debt for approximately 50% of the amount due, with payments over 60 months. This will help her avoid a lawsuit and eventually satisfy the amount owed to become debt free on her student loans.
|
|
|
|
|
|
|
|
