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ZipDebt Client Comment Forum (2007-2019)
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…
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Consumer Debt Up 13% from 2004 Levels
A new report released by Experian shows that consumer debt levels have increased over the past two years. Based on an analysis of millions of consumer credit files, the average revolving and installment debt has increased from $10,371 in 2005 to $11,669 in 2006. This represents an increase of nearly 13% over the past two…
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Debt Purchasing Firm Sued by Illinois AG for Bogus Collection Tactics on Time-Barred Debts
A debt purchasing company has been sued by Illinois’ Attorney General — Lisa Madigan. The suit alleges use of illegal collection tactics by the firm. A detailed press release on this latest enforcement action against the collection industry is available here. Financial Credit Service, Inc. has allegedly been using intimidation tactics to pressure people into…
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Credit Counseling Industry Attacked by IRS: When Did “Profit” Become a Dirty Word?
The latest big news in the world of debt and credit is the IRS’ attack on the credit counseling industry. The IRS has canceled the tax-exempt (non-profit) status of some of the largest counseling agencies in the industry. A total of 41 organizations have had their non-profit status revoked, and this represents about 40% of…