I'm Michael Bovee. I'm a debt settlement expert. I founded Consumer Recovery Network in 2004. I created this channel as a means to help people answer tough debt and credit questions, and to resolve mounting debt problems. I share what I know about debt settlement, consolidation, negotiating, credit counseling, bankruptcy, and collections. Debt is unique to each person or family. What works to solve one person's debt problem may not work for another. My 25 years of hands-on debt relief experience can help you find the right strategy to meet your financial goals. The debt industry, being so saturated with information, can make it tough to sort out what's true and what's not, or what will work for you, and what won't. If you have a question that has not been covered in my videos, please ask! I'll be happy to answer your questions in the comments, or maybe even spotlight it in one of my videos.
I HAD A STROKE ON 08/12/2023 ,I WAS DECARED DISABLED 08/10/24, I'm on SSDI , also have a taxs bill with the IRS. I HAVE BEEN INFORM THE INTENT TO SUE FROM HUNT & HENRIQUES , FOR A DEBT THAT THEY ALLEGED I OWE TO CITIBANK CITIBANK N.A What are my options ?
Settling and/or defending the suit are options. This type of collection action can often point to chapter 7 bankruptcy being a good idea to put this, and other debts behind you.
Is anybody knowledgeable on how to even begin going about the process of becoming the executor of the money under my name. I’m from the uk and it’s essentially the same thing with birth certificates. And to no suprise Google is no help but why would they want us to know so easily
That won't be a problem. It looks like you submitted a question to me through my website too. I sent you a reply with the scheduling link. Talk more then.
I have a 8K debt with Barleys credit card that is 2 months away from reaching the SOL in my state. It went through 2 collections agencies and has now been back with them for over a year. No one has contacted me about it in a year either. How likely is it they will now decide to sue me 2 months before the SOL?
I do tend to see legal placement on accounts that are about to hit the state SOL to use the courts. Having said that, the collection law firm would typically be writing to you a couple months earlier than where you are at now.
Right now I have an agreement to pay $150 every month with a 5% interest for 60 months . Is there a way to negotiate a payment in full for a discount after being enrolled in this program ?
How long have you been enrolled in this hardship plan with Barclays? Were you late on payments to them prior to enrolling in the payment plan, and if so, for how many months?
So they have access to everyone credit report? I had a 10,000 debt from 2008 that’s now a judgment . They added on 26,000 in interest and extra fees. I’m filing bankruptcy. I know they didn’t pay that much for my debt. It’s also under an L.L.C so I know it’s been sold .
A debt that old would typically not show on your credit reports. Neither would the judgment. But in general, debt collectors of every flavor can access your credit.
Yu are doing your best but the truth is you believe the goverment is telling the truth but sorry even the government lies and let's face it if they told the truth there SCAM would be end there lies they only use these lies to Rob you .
What's the best way to move forward if they give you a court date? 📅 It is 4 months away. And I have disability. I have not confirmed with them that i owe that debt. When i asked to be sent a *debt validation letter* And they referred me to the the attorney that will represent thin in the court date. Can i settle with HIM? Ill rather do that because ill have everything in writing if i go to his office and pay with him what we agreed on.
It is common to settle with the collection attorney Portfolio Recovery sent your account to. I find the settlement savings to be much better by negotiating before it ever goes to a law firm.
Served by hunt and Henriques. Capitol one account. 2400 debt. Should I just respond to summon and try to settle? What is best offer to start with them? I do have 50 percent
Depending on the circumstances, it can be difficult to get Hunt and Henriques to settle for half. It can happen, and those I see go that low tend to be where you defend the case.
🇺🇸31~CFR~328.5🇺🇸31~CFR~328.6🇺🇸endorse or deposite your bills that you get in the mail the bottom of the billing statement is a🇺🇸BEARER BOND also known as a COUPON BOND🇺🇸
Thank you for the reply, but I will give it a try anyway. The worst they can say is no. I plan on sending a letter explaining my situation. My question is which address is best to send it to. The one that the payments go to or the "card services" address. There are different addresses on the statement.
@MichaelBovee Hello Michael. I mailed letters to all 6 of my creditors asking them if they would settle my debt. I mailed them last Friday 7/19. So far I have not heard from any of them. What would be a good waiting period before I reach out to them again? Thank you.
I cannot really say. You are doing something I would never do or recommend with the logic that the worst thing that could happen is they say no to your settlement request while you are still current with payments. I do have a video up about trying to settle while still current: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-G0ptYtDbNEM.html You may want to post follow up question over there since you are trying this with more than just Barclays.
In the beginning of 2020 someone posted the birth certificate sitewhete you could find your name and account plus the money that you were worth. It was real. Then suddenly disappeared and I haven't been able to find it again.
Thanks for posting this information, Michael. It's been giving me a little more confidence. I have $19K that has been charged off by Chase. Before they charged it off in January, I was in discussions with them to get back in good standing with the minimums but apparently, they shifted my account into collections and recommended I work with a Debt Repayment Non-Profit called Money Management International/Greenfield (MMI). I already entered the program with MMI as they sent in a proposal to negotiate. Turns out, they never accepted the proposal and I've been making payments through MMI. My credit report is basically ruined by the Charge Offs on my account for the last 6 months with balances being reported. I stopped paying MMI because I realized that they're in cahoots as they've allocated payments Chase has filed a suit I believe (they sent the letter but my family has unfortunately lost it). I'd like to settle as I have funds to negotiate. My 3 questions (beyond Chase): - Chase: What levers do I have to negotiate with Chase if it's gotten this far? - Citi: Ive entered a repayment plan with Citi but want to settle it. Do I have leverage to say "I'd like to clear the debt with a lump sum offer if you can remove late payments, charge offs, and paid balance in full from my account? - Cap1: I just want to negotiate an offer but when I first called, they said the only offer would be in full, no less. However, they've been receiving payments from MMI up until last month.
Whether intentional or not, this video is misleading. There is not an “account” at the treasury, that is true. But there IS a trust for everyone who has been issued a birth certificate and if you study trust law, you can find out how to claim your trust and all that goes with it. The courts will discourage you from claiming your trust and may even threaten you because they don’t want you to take ownership & responsibility for it. That’s why you need to know trust law & how trusts are administered, who is the executor & who is the beneficiary. So that way you cannot be railroaded.
There is a bond with the number on the back of you SSN if you go in and put the e number in there the year it was open it shows an account was open with an amount of $7500 and Matures in 30 years, so there is a bond with our SSN. and Of course, the Federal Reserve is going to lie to people because they don't want us to get it. Our government is nothing but criminals and they believe that where there's their cattle. If there's no money in there and the bonds are not real. Then why is it stretched out for 30 years and has a balance and they are just sitting there.
my situation is this, my wife cant work, she filed for disability, we have a lawyer, my citi card has gone as much as 60 days late, i iwould catch up and fall behind 2 months later, i just caught up again, they closed my account, sigh, i owe $12,000 WITH A $350+ PAYMENT, i called and they said they have a hardship program and i need to call them, ( another number ) what can i expect? im not technically behind, my credit scores a year ago were 740 plus, i dropped to 580 but was able to get it back to 650, i have 2 other cards which i closed and they offered me a 0% interest rate so i took that right away, they were smaller balances then citi but my paymemts are $50 and $150 all going to the balance on those cards, i can afford maybe $150 at most, do you think they will do the same? i dont want to kill my scores by going 90 days late
Citibank does offer zero percent hardship plans to some. I would call them and find out what they can do for you. The payment on 12k may not go lower than 200 dollars a month.
Hey Mike I have an interesting situation. I owe about 20 creditors debt that equals to about 35k in credit card debt. I have sent them cease and desist letters which have helped me big time and they all have honored that request. That being said, all of my credit cards are charged off and under “ collections” on the credit report. Yet, I haven’t received a single debt collector paperwork nor is it on my credit report. Do u think this could mean they are kinda waiting to jump on me with a lawsuit? And do creditors sometimes hold on to the debt cause they know I’m about to file bankruptcy? Thanks
Have you retained a bankruptcy attorney that sent those communications out to creditors, or are you not to that point and sent cease communication letters to creditors yourself? How many months late are you on these accounts? Who are the creditors you owe?
Yea i hired an attorney and im about 9 months behind. Havent paid any of them a single dime. I owe a ton of various creditors about 4 or 5 credit unions and syncrony bank ( which i was told doesnt sell debt off anymore as of 2024). I have 3 or 4 accounts that I'm worried about because they are over $3,000. The credit union one i owe about $11,500. They just changed the name of the creditor to a debt collector but no collection has hit my credit report yet.@MichaelBovee
@@MichaelBoveeI'm waiting on filing the bankruptcy because I had some spending issues that might affect my discharge but why won't they list those accounts as a collection on my credit report and do banks talk to each other about delinquent accounts? They sold the debt to coastal recovery associates
@@Joshualibbyy It is odd that you are not paying on 20 debts for that many months and not a single one is showing as delinquent on your credit reports. As in... I cannot say I have ever seen that happen odd. Them leaving you alone as far as calls and letters go is because of the cease and desist, and because they know you hired a bankruptcy attorney. If you are going through with the bankruptcy, it really would not matter if they sued. Your chapter 7 filing would stop the suit and discharge the debt. I am helping people resolve Synchrony debt that was sold this year. Banks likely do not talk to each other about shared customers that go late on a credit cards, but they do monitor credit reports and see you are not paying others that way.
Hi Michael! Thank you for all of your replies in the comments. I have 29k on one card and 4k on another with Chase. I am about to start my journey and I also bank with them checking and savings. Does the fact that I bank with them affect me short or long term while pursuing settlement? What are the odds Chase would NEVER settle with me?
I would not want my checking and savings at a bank I am going to be negotiating a settlement with. I would have to go back to the 2000's where I last saw Chase refuse settlements. But I also tend not to suggest settlement as an option for questionable accounts. I would have to review your account situation with you to get a better understanding of any risk of Chase refusing to settle.
I heard that yes there is a trust account at the US treasure department tied to your Social Security number and that you can get it to me United consumer code laws because those bills are all presented to you in positive numbers not negative because it’s actually been paid and those are the dividends the interest from thebecause the banks actually owe a debt to the public and all they do is sell securities, not loan money and loaning you that money from the trust account
bwahahahah you will never convince the idiots who believe that stuff about their birth certificates being sold, Not one single of them can PROVE any single part of their argument for real. None of them can actually show it being done for real, or how to actually do it for real, or show anyone anywhere who has bought a 'birth type document" and used it, for real. it is all conspiracy fantasy and they will never admit they are wrong. If pressed they will quote something somewhere about something somewhere and go vote for Trumph because he won't give in to the illuminati. His KGB agent wife will keep him in confusion as much as possible while Putin runs the country with his presidential puppet strings. (this is called a satirical circular argument for the uneducated)
Birth Certificate is used to create Bond(s) which are floated on the stock market In the strawman name. They do increase in value every day. Up to a value of $100million after 50 - 60 years. So there is a fund of money of which you are the sole executor, and beneficiary. You are the authorised agent and representative of the strawman in whose name the bond(s) are created and invested. The state withholds knowledge of the precise process and procedure for gaining access and benefiting. Because it wants to continue benefitting at your expense. That is why it is so difficult and obscure. But knowledge is increasing. Probably need to do the process in the strawman's ALL CAPS. Fact is it does pay for everything. Bank accounts and charges. Taxes, utility bills etc. You are already debt free. Just nobody wants you to know.
I refused to be served by the debt collector that bought my debt with care credit. I was on the phone with my dr at the time and realized my mistake after. Is there a way I can find out WHO bought the debt? And is it too late to set up a payment plan? I’m in NY. Thanks so much!
You could call Synchrony and ask them who they sold your account to. You could look on your credit report for any known debt buyers showing up. You could do a search for your name on your county courts civil docket, pull up your case, and see who the named plaintiff is on your lawsuit. You can set up a payment plan or settle even though they have sued.
I have found Chase to be open to all the normal resolution options on a car loan deficiency balance. You could set up a payment plan on the full amount still owed after the auction, and settling for less would also be an option. I tend to suggest settlement on an account like this.
Well how come I type the number on my birth certificate at the bottom corner in little righting it is a fund number that’s connected to treasury stock bonds it’s worth 1.5billion it’s true I searched it and
Lol! If you were honest then you could simply read UCC 3 about negotiable instruments and realize the FACT that there is ZERO money currently (since 1913 and most definitely since 1933). ALL THERE IS TODAY IS TWO TYPES OF NEGOTIABLE INSTRUMENTS! Your Certificate of Life Birth IS a security instrument that’s traded on the private financial instrument. The code TELLS YOU that ALL credit of UNITED STATES is credit of the American People’s labor and the credit of the people is INFINITE because they took away money (gold and silver) and gave us fiat. HJR 192 states all debts are debts of UNITED STATES “AND” all debts are PREPAID! The SIGNATURE (an INDORSEMENT) is what “monetizes” a piece of paper! This is all clearly written in UCC 3 if you’d like to read it! The reason these people went to jail is that they identified with their Ens Legis (their “berthed” twin fictional vessel of commerce) instead of the living flesh and blood man or woman.
Judgments in New Jersey are good for 20 years from the date of courts order entering judgment. New Jersey judgments can be renewed for an additional 20 years with the filing of some simple forms.
Your final divorce decree would typically spell out the obligations. Keep in mind that the family court would typically not prevent someone who was responsible for debt payments from filing bankruptcy and leaving a divorced coborrower on the hook for the balance.
Thousands of people are now setting off debt using this process. Why do people go to government websites to look for these answers? Do people really believe that the the government is going to show you how to take control of your estate?
Everyone wants rights, but are quick to ignore the responsibilities & costs that come with having & using those rights. I don't get how people don't get it, that if youre living in an already built & functioning society, should it cost you nothing to use that infrastructure ? Do you really think you could afford to pay for all the roads you use ? the hundreds/thousands of individual infrastructures you use ? the workers that make & work all these things, that make that society function, so you CAN use it ? etc. Of course not. Thats why everyone pays by their means ( income ), NOT the full cost of each thing you use. YOUR life IS subsidised, but if you want the benefits of a functioning society, you share the cost of that society. How is that so hard to understand ?
Identity theft here back in 2017. I just got through with these guys based in Delaware. Two times I was sued in court , would not believe that I did not borrow the money. When I finally got to court last January, the company's attorney did not show up for court, the judge was pissed. A long nightmare , but hold your ground seek advice, etc. They have to prove in court that you owe it. Don't be intimidated by their bluff and bluster.
