Consumers looking for a way out of debt who have the resources to work out payment arrangements have several options available to help them get back on track. People struggling with credit card debt and other unsecured debt have two choices, bankruptcy or debt settlement. Visitors to ZipDebt.com are offered an alternative to seeking debt settlement help from a third party company which charges fees that can quickly grow to thousands of dollars.
President, Charles Phelan is a former debt settlement negotiator and expert in the industry and has created step-by-step instructions for individuals who wish to settle their debt on their own without paying the exorbitant fees commonly found when working with a debt settlement company.
Here are some quick facts about Manchester Publishing Company (Zipdebt.com):
Company Founded: Original business start date 3/18/96 / Incorporated 2007
Years In Business: unknown (Manchester Publishing Company in business for over ten years, I’m not certain the DIY debt settlement program has been around that long)
BBB Rating: A+
BBB Complaints: 0 complaints in last three year reporting period
Fee Information: Three programs available for sale ranging from $197-$777
Escrow Available?: N/A
Source of Funds: Self
Fee Structure: One time fee for program (2 payment options available for the upper two-tier programs and coaching renewal options available for an additional fee)
Avg. % Settled: Varies
Refund Policy: 365 day money back guarantee if you are not satisfied with program material, advice or techniques (contingent on the return of seminar kit)
About the Company:
ZipDebt is not a third party debt settlement company, rather a program offered by a former debt negotiator. Found on the Better Business Bureau under the name Manchester Publishing Company, operated by President Charles Phelan, this company has a rating of A+ with 0 complaints reported in the last three years.
About the Program:
People considering debt settlement as an alternative to filing for bankruptcy traditionally have two choices, try to negotiate your debt on your own or enlist the help of a third party debt settlement company.
The first option can be quite intimidating as it involves dealing with aggressive bill collectors or credit card companies on your own.
The second option eliminates that concern (to a degree), however you will pay a hefty fee in order for someone else to handle negotiations on your behalf.
ZipDebt offers a third option, one which allows individuals to avoid paying thousands of dollars in fees yet offers training and coaching to help you negotiate settlements on your own. You have the option to choose the Basic ($197), Enhanced ($397) or Premium Program ($777).
Each program offers at the minimum; one 8 hour Audio-CD course/debt settlement success seminar, CD-ROM w/forms and letter, course workbook and three bonuses (legal advice report, DIY credit repair e-book and telephone coaching session). One step up from the Basic Program is the Enhanced Program which adds 6 months of unlimited email coaching and document review service in addition to the previously mentioned material.
Finally you have the option to purchase the Premier Program which ups the 6 month email coaching and document review to 12 months and adds telephone coaching for one year as well.
The website is packed FULL of information. It is refreshingly to the point and geared toward people (as it clearly reads) that are in a financial position which leaves no alternative other than bankruptcy. The reason this is refreshing is it takes away all the pretty words and fancy language that some websites use to indicate this process is for anyone who wants to reduce their debt fast.
Since this is not a debt settlement company, visitors simply have to decide if they are willing to pay for coaching and training versus going it alone or hiring a debt settlement company. The process is the same regardless, only the results may vary. I have searched the Internet for other reviews or clients who have used the product and was again pleased to find many positive reviews. As with all the other reviews found on Leave Debt Behind, I base my opinion on information available online, not personal experience.
That being said, I think people who are considering debt settlement should at the very least review the information on ZipDebt.com in order to make an informed decision about the options available before committing to a third party company or attempting settlements on their own.