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- Student Loan Debt Relief - Our client owed Sallie Mae $21,868.80 on a private student loan. His mother co-signed on this loan. He could not keep up with the loan payments and it went into default. After collection attempts were mounted, we were brought on to see what we could do to assist on a settlement. We negotiated with Sallie Mae to get the account settled for $13,171.00, which is 60% of the amount due. The co-signer had been setting aside money monthly with us to achieve this settlement. Not only did we save our client 60% of the amount due, but we are also sending her back the portion of the money she set aside with us for settlement that we didn’t end up needing for settlement of this private student loan.
- Credit Card Relief - Our client defaulted on a credit card debt that eventually got sold to Midland Credit Management. When they could not collect, Midland filed a lawsuit against our client for $5,320.00. This is when we were hired to see if we could negotiate a settlement for this client. He needed a settlement that would allow him to make payments over a term of several months. We were able to negotiate a settlement of $3,521.45, payable over 16 months at approximately $250.00 per month. This fit well within our client’s budget and in just a bit over a year, he will be debt free!
- Credit Card Debt Relief - Our client had a credit card that he couldn’t pay back. The original creditor eventually sold the debt to Cavalry SPV I, LLC. They sued him and obtained a judgment against him for $5,900.00. He made payments on a settlement but couldn’t keep up with the payments. With accruing interest, the judgment grew to a whopping $18,349.00. We were brought in to negotiate a settlement with Cavalry’s attorneys at the Winn Law Group. Our client had the good fortune of the ability to obtain settlement funds from a third party to settle. After several rounds of negotiations back and forth with the Winn Law Group, we were able to settle with them for a one-time lump sum payment of $8,500.00. We saved our client $9,849.00 on this account (approximately 53% of the amount due). Our client no longer has to be concerned with further collection efforts by the Winn Law Group to collect on this judgment.
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