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…
Debt Elimination Scams — A Growing Problem for Consumers
Consumers seeking debt assistance are faced with a bewildering assortment of debt companies, services, programs, books, eBooks, and websites. How to tell the scams from the legitimate options? The purpose of this blog post is to help consumers easily spot and steer clear of one particular scam that is growing through network or multi-level marketing…
Credit Card Late Payment Rate Predicted to Rise in 2006
This item made the news today: “Late Payments on Credit Cards Showed Strong Decline in Fourth Quarter 2005.” (Source: American Bankers Association’s Consumer Credit Delinquency Bulletin) In the third quarter of 2005, the number of credit card accounts 30 days or more past due stood at 4.74%, while this figure dropped to 4.27% in the…
Bankruptcy Filings Top 2 Million in 2005
We set a new record for personal bankruptcy filings in 2005, with a total of 2,039,214 consumer filings. That’s a 30% increase over the prior year. Of course, some of the surge has to do with negative publicity surrounding the new bankruptcy law that went into effect in October 2005. Approximately 400,000 of those cases…