Debt Settlement Case Studies

Debt Settlement Case Studies

The below debt settlement case studies are actual situations described by consumers that have led them to seek professional debt relief services facilitated by consumer law attorneys.

Case Study 1: Consumer had a spouse that unfortunately had gotten very sick and needed extensive medical care. Consumer's medical coverage was limited so consumer paid hospital and medical bills via credit cards and personal loans. Consumer had income but the income was not enough pay back the creditor's of their terms. Consumer researched several debt relief agencies and found our company to be the most honest and informative company they have contacted.

Solution: Consumer enrolled into our debt negotiation and settlement program.

Case Study 2: Consumer had unsecured debts totaling around $70,000 with several credit cards. The interest rate averaged 19 percent. Consumer could only make the minimum payments which were around $1470 per month and had being been doing this for several years. Consumer realized that it would take approximately 7.5 years to pay off the debt at this rate. Consumer realized that the interest alone on these payments totaled $61,222. Consumer could not afford to pay $131,222 on this debt for it would have drained savings and would have eventually led to bankruptcy.

Solution: Consumer enrolled into our debt negotiation and settlement program.

Case Study 3: Consumer had gotten a divorce and had assumed more than $100,000 of credit card debt. Since the household income was decreased by almost in half, consumer did not have the income to make the minimum monthly payments. Credit counseling and bankruptcy was not an option. Consumer demanded a reputable service with a proven track record for obtaining the most aggressive results. Consumer contacted us.

Solution: Consumer enrolled into our debt negotiation and settlement program.

Case Study 4: Consumer was a business owner with a failing business due to declining economic conditions. Consumer had financed the business through credit card debts and personal loans. Consumer was late on payments and had debt collectors calling constantly. Consumer wanted legal protection from constant debt collection calls and needed to avoid bankruptcy. Consumer demanded expert debt help facilitated by licensed attorneys.

Solution: Consumer enrolled into our debt negotiation and settlement program.

Case Study 5: Consumer's employer downsized company and consumer lost their high paying executive position. Consumer was therefore forced to take a position with another company for a much lower salary. The substantial credit card debt that was once affordable was now unbearable. Consumer sought professional debt negotiation services for the resolution of these now unaffordable debts. Consumer demanded legal protection from harassing debt collection calls so hiring attorneys became absolutely necessary. Consumer understood that hiring a law firm triggers Federal rights in which makes it a Federal violation for debt collectors to phone consumer directly.

Solution: Consumer enrolled into our debt negotiation and settlement program.

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