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You are here: Home / Archives for economy

economy

House Poor in Canada

September 7, 2021 by Jeff Schwartz Leave a Comment

It’s a commonly-held belief that Canadians make it a priority to pay for shelter costs ahead of other household spending. Mortgage payments and utilities typically receive more attention than transportation, clothes, and entertainment. First things first: we need a roof over our heads, we need running water, and we need the lights to be on. […]

Filed Under: debt management, economy

Why Women aren’t Talking about Money

September 7, 2021 by Michael Bovee Leave a Comment

The relationship between women and money.

A recent study by Fidelity Investments has uncovered some intriguing paradoxes about women’s relationship with money. Despite the fact that 92 percent of the women involved in the study want to learn more about financial planning, and 83 percent want to get more involved in their finances in the next year, a whopping 80 percent […]

Filed Under: economy, money management

Stress about overwhelming debt, or fear?

September 30, 2021 by Michael Bovee 1 Comment

I generally begin any debt relief consultation I do with people who reach out to my company in search of help with credit card debt with this question: “What has you reaching out to a perfect stranger? What is going on with you financially”? Then, I shut up and listen. I am sometimes the first person […]

Filed Under: bankruptcy, consumer rights, credit reports, debt collection, debt settlement, economy

FDCPA Wants to put an End to Dead Debt, Bogus Collection Fees, and Lawsuits

September 7, 2021 by Michael Bovee Leave a Comment

The Consumers Union, a long standing consumer advocate and watch group, in partnership with East Bay Community Law Center, weighed in with their recommendations for amending the Fair Debt Collection Practices Act (FDCPA). Read the report here: Why Debt Collection Practices and the Debt Buying Industry Need Reform Now. In their “PAST DUE” report, I […]

Filed Under: consumer rights, debt collection, economy

Food Stamps Responsible Corporate Citizenship and Bacon Cheeseburgers

September 7, 2021 by Michael Bovee Leave a Comment

I have long had an addiction to reading economic blogs. I mostly visit blogs and sites that have daily commentary while enjoying my morning coffee. The sites that I visit tend to have a no holds barred approach in their writing and commentary on daily economic trends. One such blog I have enjoyed reading on […]

Filed Under: economy

Tax Deductions – A Better Form of Stimulus for the Middle Class

July 26, 2021 by Michael Bovee 1 Comment

What if tax payers could claim interest payments on debts (other than mortgages) as a deduction? Would it assist in an economic recovery? I would suggest YES. The fundamental reasoning would be two-fold. It would allow consumers with debt to be able to more aggressively pay down that debt with the tax savings, which could […]

Filed Under: banking practices, economy

You can Survive Debt!

August 8, 2017 by Michael Bovee Leave a Comment

In the debt relief industry, finding a reliable and affordable source of comprehensive information about all of your options that is unbiased and not motivated by selling you something is becoming increasingly difficult to find. This post is about “talking someone else’s book”! In its seventh printing no less! The #1 resource I could possibly […]

Filed Under: consumer rights, economy

Banks – Saints or Enablers – Money Blogger Gets It Wrong

August 8, 2017 by Michael Bovee Leave a Comment

Did consumers create the sophisticated loan programs that are not done blowing up in our nations face? No. How could they? They are money LOSERS in your words.

Filed Under: banking practices, economy

Can Settling your Debts make it Easier to Find a Good Job in Today’s Tough Job Market?

August 8, 2017 by Michael Bovee Leave a Comment

In a recent blog post written by Diane Stafford with the Kansas City Star entitled: Bankruptcy filing thwarts re-employment, Stafford highlights a key reason why consumers who can qualify for a Chapter 7 liquidation of debt bankruptcy should research ways to avoid it, if at all possible. The concern here is your credit report when […]

Filed Under: bankruptcy, Blog, debt management, debt settlement, economy Tagged With: bad credit, credit report, debt negotiation, jobs, unemployed

Banks Raise Credit Card Interest Rates Based on Risk – But This Leads to Losses

August 8, 2017 by Michael Bovee Leave a Comment

More than half of all of the people that have consulted with Consumer Recovery Network over the  years, have indicated that credit card interest rate increases had made it harder for them to keep up with their monthly payments. Why are these increases happening? In many cases it’s because of something called the universal default, […]

Filed Under: banking practices, Blog, economy Tagged With: bank rates, credit card fees, credit card payments, high interest rates, rate jacked

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