Straight Talk by Charles Phelan on Debt Settlement & Other Debt Reduction Strategies
ZipDebt is an idea that I had after leaving my position as an executive with a large debt settlement operation. The idea is simple enough: Why can’t people do this themselves for a fraction of the cost? (Click to continue reading this post…)
Recently, I ran across a website that purported to show consumers how to set up a new credit file. Here’s a direct quote: “Now, you can set up a brand new credit file, totally separate from your existing one. This process of achieving AAA credit, with your new credit file, takes less than 30 days & not only is this 100% LEGAL, it’s your RIGHT!” (Click to continue reading this post…)
A recent article in the St. Petersburg Times, “Buyers Give Old Debts New Life,” provides a revealing look at the problem of “zombie debt.” (See my blog post of 5/19/06 on this subject.) In the debt industry, zombie debt is debt that is past the Statute of Limitations for collection through the court system. This is also called “time-barred” debt, because it has aged past the point (Click to continue reading this post…)
