April 27, 2011 – 10:03 am
The original version of my do-it-yourself debt settlement training course was launched in 2004. After three years of working one-on-one with consumers as their debt coach, I had gained so much additional information that I started including a 55-page written update to the existing material. This new content
In my post of October 27, 2010, “The Future of Debt Settlement,” I discussed how firms were responding to the advance fee ban imposed by the Federal Trade Commission, and that three groups had emerged. The first group are the companies exiting the marketing place completely—these were mainly the marketing outfits that will now
February 25, 2011 – 12:55 pm
Last July, I published “Debt Settlement Done Right,” which included ZipDebt’s success-tracking statistics for the period 2006-2009. I have now updated the figures to include the pool of clients who enrolled during 2010. The updated stats show that we are getting even better at what we do best – coaching consumers how to settle their [...]
February 16, 2011 – 2:24 pm
If you are carrying a very high debt balance of $100,000 or more, you’ll want to read our new report: “$100,000 in Credit Card Debt! Financial Survival Tactics for High-Balance Debtors & Small Business Owners” Here is a brief summary of the report’s contents:
January 28, 2011 – 3:13 pm
Who says you can’t settle debts on your own? In 2010, clients of my ZipDebt program reported settlements totaling more than $16.2 million of debt, primarily credit card debt balances. In my blog post of July 2009, “Debt Settlement Done Right,” I outlined my success tracking statistics and included a progress report on settlement activity [...]
November 30, 2010 – 2:52 pm
In my October column, I wrote about the future of the debt settlement industry in the wake of the FTC ban on advance fees. As I noted, the companies attempting to comply with the FTC ruling concern me more than the “loophole diehards,” who I believe will go out of business or be shut down [...]
October 27, 2010 – 10:03 am
Today, October 27, 2010 is “D-Day” for the debt settlement industry. The second part of the recent FTC rule change goes into effect today, banning advance fees for third-party debt settlement. So it seems like an auspicious occasion on which to blog about the future of debt settlement. In my August blog post, I wrote [...]
September 30, 2010 – 12:20 pm
Just a short post for September, on the subject of consumer credit card debt as reported in the mainstream news media. In next month’s column, I will write more about recent developments in the debt settlement industry in the wake of the recent FTC ruling.
August 30, 2010 – 1:46 pm
On July 29th, 2010, the Federal Trade Commission (FTC) announced new regulations for the debt settlement industry. For background, please see the following ZipDebt blog posts:
Over the past several months, there has been a steadily increasing chorus of criticism directed at the third-party debt settlement industry – criticism by state Attorneys General, Federal Trade Commissioners, financial reporters, bloggers, consumer groups, the Better Business Bureau, and individual consumers. It’s been open season on debt settlement in the media, and the theme [...]
