Monthly Archives: March 2009

ZipDebt Clients Save $1 Million in January & February 2009

March 27, 2009 – 12:47 pm

It helps sometimes to put things in perspective with a little math. On a daily basis here at ZipDebt, clients report successful settlements on their debt accounts. I finally had a chance to take a closer look at the numbers for 2009 so far. For the months of January and February 2009 combined, clients have [...]

By Charles | Posted in Debt & Credit | Comments (2)

More Debt Settlement Company Sales Hype – the 1099-C Tax Issue

March 11, 2009 – 4:59 pm

Here we go again. Two different consumers have informed me that a “debt consultant” (i.e., sales rep) at a settlement company made a specific claim about the 1099-C taxable income issue. The pitch is that if the client handles the negotiation themselves, they will be issued 1099-Cs by the original creditors and the forgiven balances [...]

By Charles | Posted in Debt & Credit | Comments (4)