Credit Card Debt Settlement for Consumers

About Do It Yourself Debt Settlement

You do not need to be an expert negotiator to settle your own debts! The banks settle because of simple FINANCIAL MATH. They look at millions of delinquent accounts that are headed for charge-off and calculate they will recover more by settling with their customers than pursuing aggressive collection tactics.

Let’s say a $10,000 balance is reaching charge-off soon. One approach is to insist that the customer agree to a payment plan or the file gets forwarded to a law firm for legal action. While that might work in many cases, it might prompt a bankruptcy filing in many more, so a balance has to be struck.

When the bank looks at a huge population of such cases, they may conclude that their overall recovery rate is only 15 cents on the dollar, do to many people filing bankruptcy to wipe out the obligation entirely. Yet many of their delinquent customers will happily agree to settle for 30 cents on the dollar.

This is an effective DOUBLING of the expected recovery rate, and therefore actually represents a far better outcome for the bank. The fact that it’s also a better outcome for the customer really doesn’t enter into it!

Once you understand that virtually every bank sets a range for settlement agreements, then you have a mechanical system a program can be built around. That’s what we’ve done here at ZipDebt. We’ve CRACKED THE CODE on what the major banks will agree to for settlements, and we provide our clients with that information. Our program includes training, coaching, and creditor-specific settlement targets, so we take all the guesswork out of the process for clients handling their own negotiations.

If you’re thinking about taking the DIY approach to credit card debt settlement, you can relax and stop worrying about not being a professional negotiator. You already have a big edge in being able to talk directly with your creditors before charge-off, and thereby take advantage of various settlement opportunities that will take place automatically. All you need to know is how to ask for a settlement, and that can be easily taught. Negotiation skill should be the LEAST of your concerns!

How Consumer Debt Settlement Works

Our Do-It-Yourself Debt Negotiation Training & Coaching Program™ covers all the bases. Here’s how it works:

Step 1: Training & Education:
Training and Education on the fundamentals necessary to move forward.

As soon as you start with ZipDebt, you’ll receive immediate access to the Debt Settlement Success Seminar™. This audio training course will provide you with a very thorough and comprehensive education in how to negotiate and settle your own debts. The Debt Settlement Success Seminar™ is an intensive and ultra-informative seminar recorded in MP3 audio format for fast download. There is a total of EIGHT HOURS OF MATERIAL on 28 audio tracks that you simply will not find anywhere else. All the Forms and Letters you’ll need are included, as well as a detailed Workbook with examples and illustrations. This is all insider information designed to help you get right to the job of tackling your debts without paying stiff fees to third-party debt companies.

Step 2: Personalized Strategy Session:
We’ll evaluate your situation and provide you with specific advice.

After you’ve listened to the training course, we’ll schedule a personal telephone strategy. Together we’ll review your debt accounts, discuss what the creditors on your list are currently settling for, analyze your financial situation, and answer any questions you have. The purpose of the strategy session is to help you apply what you’ve learned in the audio course to your particular set of circumstances. The result will be your PERSONAL DEBT NEGOTIATION GAME PLAN.

Step 3: Ongoing Live Coaching & Support:
You’ll receive professional coaching support every step of the way.

With ZipDebt’s Enhanced or Premium Program, you’ll be entitled to live coaching support throughout the process. You’ll be able to request help anytime. Live coaching, creditor-specific advice, answers to financial questions, and ongoing support are an integral part of our unique approach. We’re not talking about auto-responders, generic email fluff, or “updates” that may or may not have anything to do with your situation. We’re talking about ACTUAL, GENUINE, PERSONAL coaching & support, coach to client, one on one. “Do It Yourself” doesn’t mean you have to go it alone!

Step 4: Document Review Service:
Professional review of collection notices & settlement letters.

As you receive settlement offers in writing from your creditors, you may have questions or concerns about the contents. This may also apply to collection notices, which can often be confusing, contradictory, or even threatening. Both the Enhanced & Premium Programs include Document Review Service. Simply fax the letters or notices to us. We’ll review them and respond with our professional opinion on the documents.

If you are serious about getting out of debt, you will not find a better offer anywhere.

Do It Yourself with ZipDebt vs. Debt Settlement Companies

ZipDebt pioneered the approach of do-it-yourself debt settlement combined with professional training (via audio material) and live coaching (delivered via email and telephone). Our amazing results are published on the ZipDebt Blog.

You won’t find a better track record anywhere in the debt settlement industry. ZipDebt clients settle faster for less total money out-of-pocket compared with the traditional debt settlement approach. Of course, good luck trying to find the published track records of other companies in this industry to compare us against. The vast majority of companies do not publish their results at all! And the ones that do tend to disclose only very general information, instead of a more detailed analysis of what is actually happening with their clients.

When you examine the results of those few firms that actually do provide this type of transparency, it becomes immediately clear that the ZipDebt approach results in LOWER RISK of LAWSUITS and GREATER OVERALL SAVINGS compared with traditional debt settlement programs.

How Much Money Can You Save with DIY Debt Settlement?

Let’s say you owe $50,000 of unsecured debt, spread across 8 different credit cards with balances ranging from $2,500 to $15,000, and that you have just started to fall behind with missed payments. Depending on the specific mix of creditors involved, a reasonable estimate would be 40%, or $20,000 needed to settle everything, or 60% savings of $30,000.

This scenario allows for the fact that the $50,000 total will likely climb to $55,000 or more after six months, due to late fees and interest applied meanwhile. Most ZipDebt clients average at or below 35% settlements against the inflated balances at the time of settlement (close to charge-off). On $55,000 of debt balances, this would result in a total payout to the creditors of $19,250. Of course, results will vary depending on the history of the accounts and the exact mix of creditors, and this is not a guarantee you’ll automatically save that much if you owe $50,000 starting balances. But it will give you a pretty good idea of what can be accomplished through this approach.

Also, and very importantly, if you were to obtain the same outcome through a debt settlement company that charged 20% of enrolled debt, you’d be looking at an additional $10,000 in fees on top of $20,000 to the creditors! Compare to ZipDebt’s Premium Program at less than $800.

Why pay some company THOUSANDS in fees when you can do it yourself with our help and get out of debt faster with better results?

What Are Your Costs?

At the ridiculously low price of $397 (Enhanced Program), or $777 (Premium Program), Charles Phelan’s Do-It-Yourself Debt Negotiation Training & Coaching Program™ is the MOST AFFORDABLE comprehensive debt solution available, period. Compare our “do-it-yourself with a coach” approach to the sky-high fees of any third-party settlement company and you’ll see that our program is a no-brainer. Why pay a PERCENTAGE of your debt when you can do the work yourself and SAVE THOUSANDS?

In fact, the more you owe, the more you are penalized by the way most debt companies structure their fees. If you think about it for a moment, it doesn’t take any more effort or time to negotiate and settle 6 or 7 credit card accounts totaling $50,000 of debt versus 6-7 accounts adding up to $25,000. Yet your fees will be DOUBLE based on the size of your debt load or the amount saved in the negotiation.

With our FLAT-FEE structure, you can avoid the huge fees and get better results. By taking matters into your own hands and doing it yourself using ZipDebt as your coach, you will become debt-free FASTER, because you’ll be applying 100% of your available money toward GETTING RID OF DEBT, not paying fees!

Will You Have Time to Do It Yourself?

“Will I have time to do this myself?” is a question we hear over and over again at ZipDebt. The first thing you need to understand is that you’ll still receive collection calls even if you hire a professional negotiator. The only way around that is to send “cease communication” letters, which greatly increases your risk of getting sued.

With the ZipDebt method, you will implement a screening system that greatly reduces the number of calls you actually need to handle. So the time commitment required is nowhere near as burdensome as most people think, provided you learn the right techniques for managing and controlling the process.

ZipDebt’s DIY-with-Coach approach can yield savings of $500-$1,000 or more per HOUR of negotiation time. Here’s a typical example: Let’s say you settle a $5,000 credit card debt for 40%, or $2,000. It requires a total of 15 phone calls spread over 6 months, with average duration of 20 minutes per call. That’s 300 minutes, or 5 hours total, to save $3,000. Where else are you going to make $600 per hour?

You can’t afford NOT to do it yourself!

ZipDebt = Fast Relief

Debt settlement is an ethical and honest alternative to bankruptcy, but hiring a professional third-party negotiation firm can be an expensive decision costing you $1000s in unnecessary fees when you can least afford it. ZipDebt's professional services will guide you through Do It Yourself Debt Settlement for a fraction of the cost of a traditional debt relief program.

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Charles J. Phelan

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Manchester Publishing Company, Inc.
1835 S. Centre City Pkwy
Suite A-507
Escondido CA 92025

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(866) 515-2360