An article released yesterday by Bloomberg quoted American Express CFO, Daniel Henry, as saying “Defaults by cardholders worsened most in areas where U.S. home prices dropped by more than 5 to 10 percent&...

The other day I was looking at the S&P/Case-Shiller Home Price Indices.  The indices follow trends in home values in several of the country’s largest metropolitan areas.  With almost no exception ev...

A Provanta negotiator received a call regarding a five year delinquent account on a client that resides in California. The original balance on this account was $15,744.00 and the current balance is $16,555.00.Â...

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Total for the week of June 16-20, 2008: Total Debt Settled – $181,407 Total Settlement Amount – $94,793 Settlement Percentage – 52.3% Total Cases Settled – 32 Best Settlement: Cu...

The average Provanta client enrolls approximately $30,000 of unsecured debt (mostly credit card) in our program.  Since most news reports state that the average American carries $8-$10K of debt, it’s u...

On June 4th, one of our negotiators received an unexpected call from a collection agent. This agent wanted to make an offer to Provanta for a relatively new client.  Since the client was so new, he was just...

Our debt settlement programs average 36 months from start to finish but we have some clients who are enrolled for a longer time.  Longer than average programs may happen for a variety of reasons.  It can...

On May 19th, I wrote about our client’s experience with a creditor who was threatening to sue our client even though Provanta had legitimately settled the account, received a settlement agreement letter...

This Provanta Client is seventy-seven years old, on a fixed income, and has all the health issues one might expect.  One creditor sent their account to a collection attorney, subsequently suing the client fo...