Our client was transferred to CLG as a client from Litigation Practice Group post their bankruptcy in June 2023. She received summons from Finwise Bank in June 2024 for an outstanding personal loan that was not enrolled with CLG. Immediately upon being contacted by our client, CLG reviewed the summons and filed an answer with the Superior Court of the State.
Our attorneys also started settlement negotiations with the creditor. The trial was scheduled, and the creditor did not want to settle but our attorneys pushed for discovery, bringing the creditor to the negotiation table to settle.
The creditor initially offered a settlement for 85% of the outstanding amount over 6 months or full payment of the debt within 24 months. After negotiating on behalf of our client, our attorneys settled the debt in August 2024 at 40% of the outstanding amount which the client was happy to pay in lumpsum and the trial was cancelled by the court.