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Author Archives: Michael Bovee

Michael Bovee

Can I Negotiate a Settlement With My Own Credit Card Companies? – Larry

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“Dear Michael, I have the great deal credit debt – long story – used a number courtesy checks against these credit cards to add monies into company believing I would pay them off. Well that did not happen, so I have been paying monthly and these amounts – never go down due the interest rates. Instead of using one of ... Read More »

New York: Great Pizza, Bagels… & Debt Collection Laws?

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New York: Great Pizza, Bagels… & Debt Collection Laws? (via Credit.com) Personal financial challenges can be daunting. Struggling to pay bills is tasking enough, but when you throw in having to deal with aggressive debt collector calls, letters, even legal actions, it can become overwhelming, and often confusing. Federal and state laws regarding how debts can legitimately… Read More »

How Getting Out of Debt Can Hurt Your Credit

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How Getting Out of Debt Can Hurt Your Credit (via Credit.com) A common concern you may have when searching for the best debt relief solution is how it will impact your credit score.There are many misconceptions about credit reports and the harm that comes from credit counseling, settling debt for less than what you owe and bankruptcy. Your credit report ... Read More »

The Law Office of Michael K. Sipes That Owns My Debt Refuses to Negotiate a Settlement. – Dave

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I asked Michael Bovee, a debt settlement expert, to answer your question on my behalf. Here is Michael had to say. “Dear Mchael, The “Law Offices” of Michael K Sipes (in Elk Grove, CA) bought an unpaid credit card debt of mine. The balance was around $4000 when it was charged off. The court awarded a judgment, totaling about $5000, ... Read More »

What’s the Best Way to Settle My Own Debt With Capital One & Discover? – Pablo

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“Dear Mchael, I wrote you earlier. You advised me well that I might want to try and settle with my creditors myself before going into bankruptcy proceedings. My current status is I am waiting to hear from my creditors. I also, as you suggested, followed up with Halo Debt Solutions. They said if I could discharge them in chapter 7, ... Read More »

All About Consumer Recovery Network

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Company Name Consumer Recovery Network Owners/Managers Michael Bovee – CRN President Physical Street Address 110 Main Suite A Sandpoint, Idaho 83864 Contact Information 800-939-8357 [email protected] Website consumerrecoverynetwork.com Description of Services Provided We provide detailed information to those struggling with debt. The comprehensive upfront debt and credit education is supplemented with ongoing information delivered throughout our subscribers experience, and further enhanced ... Read More »

Debt Relief Information and Innovation – Helping Companies Help Their Customers

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One of, if not the largest shortcoming that exists in the current system designed to provide people struggling with debt an alternative to bankruptcy is – Information. That we have come through the “information age” and fallen short of including more of it in professional debt relief products and servicing is a failing that can and should be fixed. A ... Read More »

Can I Settle Credit Card Debts for Less Because Banks Cannot Prove What I Owe Them?

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The following is an excerpt of a question from a CRN educational subscriber that was sent to his CRN specialist and forwarded to me for my take on the issues raised. I think it is a compelling topic so I am sharing the questions and concerns and the response I gave. Question: “What is Consumer Recovery Networks take on increasingly ... Read More »

Ideas for Creating Better Debt Relief Products, Services and Delivery

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In a previous article published on the GOOD site, I asked the question: Is the debt relief delivery system broken? The article outlined the statistical failings of different options consumers seek in order to get relief from debt they can no longer afford. I also identified several reasons for the shortcomings and encouraged industry participants to share ideas for how ... Read More »

Consumer Disclosures in Debt Relief

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When a person is struggling with debt and looking for outside help from a company or person, they should certainly have risks and rewards disclosed to them. Ideally, the disclosures would help a person to best evaluate which direction to take for help, and who to trust. A recent article by Elisabeth Rosenthal in the NYT: I Disclose… Nothing helps ... Read More »

Debt Relief Options for consumers – Is the delivery system broken?

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Most of the debt relief services industry works less than 30% of the time. It could use a tune up. Imagine if the car you are driving has a six cylinder engine, but four of them did not function. You would do something about it, right? Even if doing something meant replacing the car? Most would. Not the debt relief ... Read More »

I Trained to be a Professional Pilot And Now Have a Mountain of Student Loans. – Matt

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“Dear Michael, My situation is this, I trained to become a Professional Pilot at a school that offered only ratings and not a degree. To do this I used the Key Alternative Loan, a private student loan through Keybank. It took 30sec online and I suddenly had 40,000.00 in funding sent to the school. I was quoted 6mo to finish ... Read More »

My Wife and I Are on the Brink of Filing Bankruptcy. – Chris

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“Dear Michael, After a long lay off I started back to work but at a lower pay scale. we had used the credit cards to get by. Now we owe about $850 a month in Credit Card payments. My wife and I are on the brink of filling Bankruptcy. If we did choose to file do we get to keep ... Read More »

I Found Myself in Debt Again and Back in a DMP. Should I File Bankruptcy? – Carol

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“Dear Michael, I filed BK in 2003 (April/discharged Nov 2003). I’ve found myself in debt again and I am thinking about filing again. I have been in a DMP for the past few months but I am so tight against I don’t know if I will make it through. Since I filed pre-2005, the laws were different than now and ... Read More »

Does a Collection Company Have to Accept Small Payments? – Sue

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“Dear Michael, “Working with a debt relief company recommended by the bank. Have a visa credit card, was behind in payments because of job loss. Bank sold my debt to a collection agency (just received the letter). Sent the letter to my debt relief company. Prior to this, we have set up a budget. I am job hunting and want ... Read More »

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