Here is another example of an excellent settlement negotiated by one of my clients.
The settlement is for 39% against an account balance of $21,484.89, for a net savings
of $13,106.37. Also, notice that the creditor agreed to four monthly payments to satisfy
the settlement. This multiple-payment arrangement allowed the client to accomplish the
deal, where a single lump-sum payment would not have been feasible due to the large
balance involved.
A third-party debt settlement
company would have charged a fee of $3,223 to accomplish the same result
the client achieved on their own (after a little training and coaching).
(The $3,223 fee is based on the industry average of 15% of the debt balance,
which does not include additional monthly service fees).
Note: The image file below is a scanned reproduction of a faxed original. The
client's name, address,
and account information have been deleted to protect their privacy. No other alterations have been made
in any way to the originals or the digital images.
