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Home > Author Archives: Michael Bovee (page 2)

Author Archives: Michael Bovee

Why Debt Collectors Dismiss Lawsuits All The Time

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“Dear Michael, While searching for information about myself online, I find out that I am being sued by a debit collection agency. I live in CA and have never received a formal complaint or summons from Livingston Financial LLC. Can Livingston Financial LLC or any collection agency do this without proper notification. Based on the info I gathered online the ... Read More »

    I Want to Consolidate My Business Debt to Pay Lower Rates

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    “Dear Michael, We have Business debt – trying to pay off w/low interest rates. Can you recommend a reputable debt consolidation company? One that can, before we sign any documents or close any of our accounts, guarantee us the interest rates they claim they can offer us? We don’t wish to settle, we want to pay the amount we owe, ... Read More »

      Foreclosure and Bank of America Walked Away From My Mortgage

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      “Dear Michael, We were flooded in 2008. Countrywide agreed to an extension during rebuild adding payments to end of loan. They then sent paperwork back with VOID written in sharpie. We were denied any modification, etc. This went on for 4 years. We sent in payments, they sent them back. The house went into foreclosure and a deed of foreclosure ... Read More »

        I’m Retiring with Credit Card Debt I Cannot Afford. – Terri

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        “Dear Michael, I will retiring in 2015 and I only owe American express and I can’t pay them since my only source is social security and will be moving to Mexico. I understand they can’t get my social security. Do I still need to file with the courts on this debt? Terri” Dear Terri, Whether or not you have to ... Read More »

          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 info@consumerrecoverynetwork.com 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

                      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 »

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