How to Get Out of Debt
Americans are deep in credit card debt like never before. Literally millions of us are dealing with harassing calls from credit card companies, collection agencies, and attorneys. The stress of such a seemingly hopeless situation makes us ideal targets for scam artists looking to take advantage of our desperation.
The Federal Trade Commission recently issued a warning regarding certain firms offering what they purport to be "debt consolidation loans". This report, which you can view by CLICKING HERE, highlights the need for you to be fully informed before you choose a method of debt reduction.
Another such scam involves credit card "debt termination", in which companies or agents promise to have the ability to "wipe away" credit card debt. If this concept seems like it is too good to be true, that's because it is. While there are perfectly legitimate means of reducing credit card debt significantly through consolidation or negotiation, it is important to make sure that any firm you are considering dealing with is legitimate.
Given all the debt relief scams out there, for many people the best way to tackle credit card debt problems is to do it themselves. This can be a bit daunting though, especially if you are already in collections and receiving calls from debt collectors.
Charles J. Phelan of ZIPDEBT.COM offers a unique system to help consumers tackle their debts themselves without declaring bankruptcy. The program he offers includes learning materials, including audio CDs, to prepare you with the knowledge to deal with your creditors yourself.
What makes this service unique is that Mr. Phelan also offers one-on-one coaching to supplement and enhance the audio materials. The amount of personal coaching included varies depending on the package price. But these one-on-one sessions are a great idea, and the program is quite a bit cheaper than the fee charged by professional debt negotiators, you can save quite a bit of money this way.
Mr. Phelan is a former senior executive with one of the nation's biggest debt settlement firms, so he has a good deal of experience in dealing with personal debt. He has been teaching consumers "do-it-yourself" debt negotiation since 1997.
ZipDebt.com - The Solution To Your Debt Hassles