Dear Sir / Madam:

I would like to send my appreciation  to all your staff in the Settlement Department for helping to solve my financial problems. All of your efforts has help to relief some of my stress.

Thank You.

Yours Truly 
Jane

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Total for the week of November 3 – November 7, 2008:

• Total Debt Settled – $53,032
• Total Settlement Amount – $22,324
• Settlement Percentage – 42.1%
• Total Cases Settled – 10

Best Settlements:

• Current Claim – $1,864
• Settlement Amount – $506
• Percentage – 21.7% (negotiated with a original creditor)

Worst Settlement:

• Current Claim – $695
• Settlement Amount – $556
• Percentage – 80.1% (negotiated with an original creditor)

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For October, 2008:

• Total Debt Settled – $710,430
• Total Settlement Amount – $294,084
• Settlement Percentage – 41.4%
• Total Cases Settled – 107

Best Settlement:

• Current Claim – $9,225
• Settlement Amount – $1,335
• Percentage – 14.5% (Negotiation entity: original creditor)

Worst Settlement:

• Current Claim – $1,053
• Settlement Amount – $738
• Percentage – 70% (Negotiation entity: original creditor)

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Total for the week of October 27 – October 31, 2008:

• Total Debt Settled – $205,243
• Total Settlement Amount – $89,131
• Settlement Percentage – 43.4%
• Total Cases Settled – 31

Best Settlements:

• Current Claim – $7,646
• Settlement Amount – $1,033
• Percentage – 13.5% (negotiated with a original creditor)

Worst Settlement:

• Current Claim – $9,109
• Settlement Amount – $7,287
• Percentage – 80% (negotiated with an original creditor)

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Best of all, these were his last 2 accounts to be settled.

Congratulations on a fresh start for the New Year!

Ref. 1540

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• Total Clients Debt Free -2
• Total Debt Settled – $83,669
• Settlement Amount – $19,999
• Savings – $63,669
• Average Percentage of Settlements – 32%
• Average Program Length – 24 months
• Best Settlement – 15%
• Worst Settlement – 72%

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• Total Debt Settled – $180,544
• Total Settlement Amount – $56,604
• Settlement Percentage – 31.4%
• Total Cases Settled – 23

Best Settlements:

• Current Claim – $41,077
• Settlement Amount – $12,000
• Percentage – 29.2% (negotiated with a original creditor)

• Current Claim – $26,477
• Settlement Amount – $4,000
• Percentage – 15.1% (negotiated with a original creditor)

• Current Claim – $28,790
• Settlement Amount – $4,400
• Percentage – 15.3% (negotiated with a original creditor)

Worst Settlement:

• Current Claim – $6,917
• Settlement Amount – $4,150
• Percentage – 60% (negotiated with an original creditor)

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Our client’s original estimated program term was 29 months.  However, he continued to struggle with his income and expenses after enrollment.  Six of his regularly scheduled monthly deposits were returned as non-sufficient funds (NSF) by his bank.  He has also made special requests to skip or reduce his deposits on 3 other occasions.

We take these types of problems very seriously.  If a client continues to demonstrate an inability to make his monthly deposits as scheduled, we may consider closing the client’s debt settlement program.  This is not to be inconsiderate or unsympathetic to our client’s on going financial problems but to encourage them to look for different options that may suit them better.  Our debt settlement program simply cannot be effective if the client cannot afford it.

We never had to consider closing this particular client’s program despite some of his financial problems.  He was always in communication with us immediately whenever there was a issue.  He made efforts to make up the NSFs or skipped deposits.  He was honest about his situation and he understood why this was a serious matter.  He made all efforts necessary to continue with the program and we stayed committed to help him and to make necessary adjustments to our settlement strategy to accommodate his situation.

In the end, his program term extended only 4 months longer than originally anticipated and we were able to settle his accounts for 41% of the total balance owed.

Ref. 1539

• Total Clients Debt Free – 1
• Total Debt Settled – $23,755
• Settlement Amount – $9,047
• Savings – $14,707
• Average Percentage of Settlements – 38%
• Average Program Length – 72 months
• Best Settlement – 28%
• Worst Settlement – 60%

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• Total Debt Settled – $92,500
• Total Settlement Amount – $42,919
• Settlement Percentage – 46%
• Total Cases Settled – 22

Best Settlement:

• Current Claim – $1,886
• Settlement Amount – $535
• Percentage – 28.4% (negotiated with a original creditor)

Worst Settlement:

• Current Claim – $1,055
• Settlement Amount – $738
• Percentage – 70% (negotiated with an original creditor)

Technorati Tags: debt forgiveness, debt settlement