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.