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Home > Author Archives: Michael Bovee (page 2)

Author Archives: Michael Bovee

Debt Collectors – A Changing Landscape. Here is What the Future Brings.


Having been a site reader and contributor for many years, I am used to seeing posts about what the New Year will bring to debt relief services. Below, I offer my own brief version of what may come in 2015, but with a focus on debt collectors. Changes that we should see to rules governing debt collectors behavior, next ... Read More »

    My Bank Agreed to Settle My Credit Card Debt But Now Wants More

    Missing Concept.

    “Dear Michael, I have secured loans on a horse trailer and a John Deere tractor which I am current on paying. I have an unsecured master card with Bank of America. I suffered a fire 2 years ago & lost a part of my home, etc. I used my credit card to rebuild with a total of $31,000. I contacted ... Read More »

      Settling a Three Month Old Debt

      Debt Settlement Advice

      “Dear Michael, I have just sold some real estate and I would like to can I negotiate to reduce the balances of my (unsecured and secured) loans BEFORE I pay them off? Is this possible? Patti” Creditors agreeing to accept less than the full balance of what you owe them, when they have not been paid for 90 plus days, ... Read More »

        Repossession Payment Plans With Debt Collectors

        tow truck repo

        “Dear Michael, Defaulted on a motorhome. It was repossessed and sold at auction. The balance owed after the sale was assigned to a collector. That collector and I made an agreement (contract?) that I would pay a certain amount each month until the debt was satisfied. I have made those payments faithfully for over 2 years-never late. Now the original ... Read More »

          Why Debt Collectors Dismiss Lawsuits All The Time

          Crime Or Corruption Cartoon Illustration

          “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


            “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

              Abstract Image of Business People Walking on the Street

              “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


                “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

                  puzzled looking little boy looking to the left

                  “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?


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


                      How Getting Out of Debt Can Hurt Your Credit (via 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

                        closeup of a gavel on cash, from above

                        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

                          Handshake with Money Sign

                          “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

                            Screen Shot 2012-02-12 at 4.29.12 PM

                            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 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 »

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