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#16
Oak_View_Law

Oak View Law Group Reviews

Free Consultation, Helpful Online Member Portal

Our Score
4.2
User Score
5.0

Compare to #1

Our Score
4.2
User Score
5.0
Rank this Company

Ratings Breakdown

Price

% of debt saved
25%

Accreditations

AFCC or IAPDA
None

Free Consultation

is one included?
Yes

Time in Business

total # of years
8 Years

Min. Debt

Min. debt accepted
$500

Guarantee

money back guarantee?
Yes

Number of Reviews

User reviews here on BDC
2

Overall Score

Based on ranking criteria
4.2 /10

Freedom Debt Relief

Compared to industry leader
9.1 /10

This Review is maintained by

Review Last Updated: November 15, 2018

Most Helpful Reviews

  1. User Score
    0
    Khat hat
    March 19th, 2018 
    terrible terrible terrible!!!!! do not waster your time or money! i have sent several emails and no one has responded and nothing has been done on my account, terrible customer service!!! loan places are still hassling me, they not have not one thing to help me and loan places are reporting me to debt collectors. whats the point of this company?!?!?Read More
  2. User Score
    10
    DB
    November 6th, 2014 Providence, RI
    Ive had 2 different occasions that ive need help from Oakview Law Group,. The first time i was hesitant, since i knew nothing of the company. After discussing my issues with Mark, i trusted what he told me and went with the company. It was the best decision i could have made. In a small amount of time, Mark cleared up all of my issues and worked with creditors to make things more manageable and finally paid them off. I am in the process of now working with Steve for different issue than the first time, but once again, i couldnt have found a better company. He has worked with me and kept me up to date on everything he is doing. I highly recommend this company . VERY trusting and will get the job done for you.Read More

The Good

Getting and staying out of debt is a practice and Oak View Law Group (OVLG) provides their clients with debt settlement services in a 5 stage process. Because they are a law group, consumers can rest assured all settlement laws will be followed by a panel of attorneys guiding their clients each step of the way.

The 5 stage process begins with clients getting set up with a financial coach who will analyze the entire financial situation to determine which option is best. Should debt settlement be the decision, the coach will then define fee structures and program details to be signed to a contractual agreement. Stage 3 provides the client with the agreement as well as access to a secure portal where they are personally able to monitor their cases. Stage 4 of this process brings a Client Relationship Analyst into the picture who opens a dedicated bank account through Bank of America where an agreed upon amount will be placed into the account on a monthly basis. Stage 5 opens the door to the negotiation process with the client’s creditors where debts are settled at usually around 40% savings. At least 30% of the total debt for one creditor must be accumulated in the dedicated account in order for an OVLG representative to negotiate settlement.

Fees for settlement are steeper than other settlement companies we have reviewed, however, OVLG is not simply a settlement company; they are a law firm with practiced attorneys providing complete legal assistance with each case. Outlined on their website is a list of 10 qualities their attorneys possess to get their clients out of debt, including knowing all collection laws by heart and how to flawlessly execute the plan and manage the collectors.

Unsecured debt may be enrolled in the program, such as credit cards, those outrageous payday loans, collection accounts, and medical bills.

Some additional pros to this company include:

  • Money-back guarantee – including any fees
  • 6 months to 4-year debt-free settlement program
  • Free consultation – several hours of operation
  • Detailed information – transparency every step of the way
  • Several areas of practice – from settlement to bankruptcy; wills to trusts
  • Guides and tools – debt calculators to blogs and newsletters, and infographics

Best Debt Companies

The Bad

With only 4 complaints filed and closed in 2015, this seems it should render a higher grade, as the complaint volume is low. Many of the complaints are those of clients and/or consumers who did not fully understand the contract and the fee schedule.

IAPDA is an important certification process for debt specialist to undergo. It covers the debt laws and debt relief legislation. Although these are attorneys at law, it seems not all employees are IAPDA certified, such as their analysts or other personnel.

Things to consider:

  • Credit score may drop
  • Clients will pay taxes on settled debt of more than $600
  • Secured debt such as mortgages and federal student loans do not qualify for settlement

Compare to Top-Ranked Companies

The Bottom Line

Oak View Law Group resides in California but is able to service clients across the country. While they offer many different types of services, they specialize in debt settlement. Our concerns include lack of accreditations and their pricing. We recommend looking for a company with lower prices and more accreditations.

Click Here to view our Top-Rated Debt Settlement Providers.

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2 Oak View Law Group Reviews

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  1. User Score
    0
    March 19th, 2018
    0 people found this review helpful!
    terrible terrible terrible!!!!! do not waster your time or money! i have sent several emails and no one has responded and nothing has been done on my account, terrible customer service!!! loan places are still hassling me, they not have not one thing to help me and loan places are reporting me to debt collectors. whats the point of this company?!?!?
    Read More
  2. User Score
    10
    November 6th, 2014 Providence, RI
    5 people found this review helpful!
    Ive had 2 different occasions that ive need help from Oakview Law Group,. The first time i was hesitant, since i knew nothing of the company. After discussing my issues with Mark, i trusted what he told me and went with the company. It was the best decision i could have made. In a small amount of time, Mark cleared up all of my issues and worked with creditors to make things more manageable and finally paid them off. I am in the process of now working with Steve for different issue than the first time, but once again, i couldnt have found a better company. He has worked with me and kept me up to date on everything he is doing. I highly recommend this company . VERY trusting and will get the job done for you.
    Read More
  • Takes your existing debt and try to settle with your creditors for a lower amount. If you pay off the settled amount, your debt will be considered paid in full.
  • Negotiates with your creditors on your behalf.
  • Fee based on a percentage of your total starting debt or a percentage of the debt they save you.
  • Most settlement companies have you create a separate "escrow" account where you will make monthly contributions over a certain amount of time to contribute to your settlement. Once there is a substantial amount of funds to show your creditors, the settlement company will try to negotiate a lower amount of debt.
  • Combines all your debts and creditors into one monthly payment.
  • Allows you to pay one monthly payment to the consolidation company, instead of multiple payments to different creditors.
  • You no longer owe your original creditors; instead you pay one monthly payment to your consolidation company.
  • Consolidation companies can help negotiate lower interest rates on your debts and help lower your total debt payment in the long run. A lower interest rate will lower the amount you owe in the end.
  • Allows you to consolidate all your different debts into one personal loan that can be paid off over time.
  • Can offer borrowers a lower interest rate with a longer payback term (compared to high-interest credit cards or medical bills). This will lower the amount of money required to pay off the loan over time.
  • Personal loan debt consolidation can be an effective way to raise your credit score quickly (within 3-6 months).
  • Borrowers can receive funds from their loan within only a few days.

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Our Score
4.2
User Score
5.0
Rank this Company

Ratings Breakdown

Price

% of debt saved
25%

Accreditations

AFCC or IAPDA
None

Free Consultation

is one included?
Yes

Time in Business

total # of years
8 Years

Min. Debt

Min. debt accepted
$500

Guarantee

money back guarantee?
Yes

Number of Reviews

User reviews here on BDC
2

Overall Score

Based on ranking criteria
4.2 /10

Freedom Debt Relief

Compared to industry leader
9.1 /10
Our Score
9.1
User Score
9.0
Rank this Company

Ratings Breakdown

Price

% of total debt
15-25%

Accreditations

AFCC or IAPDA
AFCC & IAPDA

Free Consultation

is one included?
Yes

Time in Business

total # of years
15 Years

Min. Debt

Min. debt accepted
$7,500

Guarantee

money back guarantee?
Yes

Number of Reviews

User reviews here on BDC
940

Overall Score

Based on ranking criteria
4.2 /10