Our client enrolled with CLG in June 2024, when she received a summons from US Bank for an outstanding credit card debt. The client worked part time and earned $300 monthly, she informed CLG that she could not afford expensive and prolonged litigation. Client was initially double charged on a loan and due to her trying to make ends meet, she fell behind on her payments and still struggles.
CLG enrolled the client and immediately filed a response on behalf of the client. When the case was moved to arbitration, our attorneys negotiated for a reasonable settlement for the client. The creditor initially offered to settle at 70% of the outstanding amount to be paid within 18 months. After negotiations, the creditor offered 60% to be paid within 9 months.Our attorneys counter offered and agreed upon settling the client’s debt at 50% of the outstanding amount to be paid in 18 months.