The ZipDebt Blog
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I’m fed up with the sales practices of the majority of debt settlement companies. Every day I talk to consumers who seek my advice after talking to settlement companies. Some of the stuff they were told makes me wonder what planet these company executives are living on. Don’t (Click to continue reading this post…)

“With all the recent problems in the financial sector, is it getting easier to settle with the banks?” I’ve been hearing this type of question a lot lately. The past year or so has seen an avalanche of economic problems, beginning with the downturn in the real estate market, the (Click to continue reading this post…)

Regular readers of the ZipDebt Blog know that I routinely warn consumers about the notorious “debt elimination scam.” This is the type of program where the promoters claim that you never actually borrowed any money on those credit cards, because … wait for it … (Click to continue reading this post…)

Continuing our discussion on “Crazy Stuff Collectors Say,” in this post I’ll deal with a common statement made by collectors. In the first post in this series, I wrote about the myth of “bankruptcy insurance,” where the collector attempts to convince the debtor that the creditor actually *prefers* they just go ahead and file bankruptcy, rather than agreeing to a (Click to continue reading this post…)

Three of my previous posts were on “Crazy Stuff Collectors Say.” In case you missed those posts, here are the quick-links to the previous articles:

Crazy Stuff Collectors Say - Part I
Crazy Stuff Collectors Say - Part II
Crazy Stuff Collectors Say - Part III
(Click to continue reading this post…)

This post is intended to provide a forum for ZipDebt clients to post comments about their experience with the program. Recently, I spoke to a person interested in my program, and they told me that they didn’t bother to read any of the testimonials on my site because “everybody fakes testimonials.” Well, that’s probably true of many (if not most) debt-related websites. Not so with ZipDebt. ALL of my testimonials are real. No need for faking it here. But it gave me the idea of providing a way for clients to write in and post comments on their own. (Click to continue reading this post…)

People keep trying to reinvent the wheel when it comes to debt negotiation and settlement. It’s not rocket science, and there are really only a few simple principles that need to be followed to avoid problems. It’s the fancy footwork and dodgy tactics that cause all the trouble. Here’s a good example. Recently, I’ve been asked by several people about a (Click to continue reading this post…)

This article will describe the success story experienced by one of my clients, who used my training and coaching program to settle their own debts. The client handled all the negotiations himself, and therefore did not pay any fees to a settlement company. It’s a great example of the power of debt settlement to rapidly turn around a desperate financial situation. The facts (Click to continue reading this post…)

It’s time for me to bust another common debt-related myth that I get asked about frequently. Basically, the myth is that once a creditor records a “charge-off” (where your account is declared as a bad debt and a loss is recorded by the creditor), then the creditor no longer has a right to attempt further collection on that written-off debt. (Click to continue reading this post…)

Regular readers of The ZipDebt Blog know that I frequently write about debt and credit scams, and today I’m posting this entry to warn consumers about a new scam that I hadn’t seen before. Perhaps it’s been around a while, but this is the first time I’ve noticed it, so I wanted to get this warning out right away. (Click to continue reading this post…)