The firm Repagalia, specializing in debt consolidation and the application of the Second Chance Law, has successfully concluded the case of Estefanía, a resident of Madrid. The woman faced a complex financial situation with multiple creditors, including entities such as MoneyMan, Vivus, Cashper, El Corte Inglés, and MyKredit.
Following a detailed analysis of her situation, the Repagalia team initiated an individualized negotiation process with each creditor. Over a period of 14 months, and by making a single affordable monthly contribution, Estefanía managed to free herself from her financial commitments, paying a considerably lower amount than initially claimed.
The strategy implemented by Repagalia allowed Estefanía to settle her debt with a final payment of 4,836 euros, representing a saving of 7,833 euros. This outcome highlights the effectiveness of expert negotiation and contract review in cases of over-indebtedness.
“"Each case is unique, but with proper analysis and expert negotiation, it is possible to considerably reduce debt and even cancel it in some cases."
The success of this case was based on a thorough review of contracts and direct negotiation. For example, with MoneyMan, a total debt of 2,416 euros was fully forgiven. In the case of Cashper, an 89% reduction was negotiated, bringing a debt of 4,394 euros down to just 479 euros. Favorable agreements were also reached with Vivus, El Corte Inglés, and MyKredit.
Such situations reflect the reality of thousands of people in Spain who, due to the use of microcredits and fast financing, find themselves with debts that are difficult to manage. Repagalia positions itself as a leader in solutions for over-indebted individuals, offering specialized services in debt consolidation, removal from default files like ASNEF, and the application of the Second Chance Law.
