A finance company sued their client for $228,282.58. This amount included the outstanding balance of $222,582.58 plus attorney fees and other costs. We highlight these additional fees since they are typically included in desired judgement.
The finance company agreed to a settlement of $55,000 paid in the following manner:
- $35,000 initial payment
- $2,500 in eight (8) equal monthly payments
The settlement was 24% of the original demand.