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ZipDebt was created by Charles J. Phelan, a former debt negotiator and industry expert on settlement. ZipDebt has programs for both consumers and businesses in debt. Each program has different features and abilities.

Rank Chart
Fee
Debt Requirement
Review

#1

15-25%
$7.5k

#2

15-25%
$7,500

#3

15-25%
$7.5k

#8
ZipDebt Reviews | BestCompany.com

Undisclosed
None

The Good

  • Available in all 50 states
  • No minimum debt requirement
  • Money back guarantee

Availability

ZipDebt is available in all 50 U.S. states, this is very rare in the industry.

No Debt Requirement

ZipDebt does not have a minimum debt requirement. This is especially convenient since most debt settlement companies average at about a $7,500 minimum debt requirement.

365 Day Money Back Guarantee

The company has an iron clad money back guarantee. If you are not satisfied with the program, you are given 365 days to return the files with no risk. To complete a return, you just have to write Mr. Phelan a signed letter that all ZipDebt files have been deleted from your computer.

The Bad

  • Pricing information is not available online
  • Do-it-yourself program
  • Not accredited

Lack of Pricing Information

ZipDebt does not provide any pricing information on its corporate website.

Not For Everyone

Because these programs are do-it-yourself, necessary skill and knowledge of debt settlement are required to a degree. People using these programs should expect an increased amount of work, and potential financial stress. Additionally, most people that don’t work for a financial company do not have established relationships with top creditors like debt settlement representatives might. Customers may not have the leverage to negotiate debt like a debt consultant, or financial lawyer would.

Customers Leery Of Do-It-Yourself

Many do not like that with this program you take 100 percent responsibility. You do everything yourself. If something goes wrong with the creditors, you have to fix it rather than a company taking care of everything for you.

Not Accredited

ZipDebt is not IAPDA or AFCC accredited, and does not mention anywhere on their website whether or not the business is 100 percent FTC compliant.

Want to know which debt settlement companies are top rated? Click here

The Bottom Line

We like the variety in the three programs ZipDebt offers, as well as the personal customer service they are known for. The company provides a nice 365 money back guarantee and have no minimum debt requirement.

This program is not for everyone, as it has the potential to make matters worse and cause extra financial stress. This do-it-yourself program would be ideal for those seeking out a new hobby, or would like to learn all there is to know about debt settlement. If you are looking into letting a professional handle this potentially complicated task, check out our top rated companies.

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1 ZipDebt Reviews

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  1. User Score

    10

    February 3rd, 2016 Stockton, CA

    4 years ago I settled $400k in debt for $130k.
    I now have an excellent credit score and am more prosperous than ever. Zip Debt was more than worth the investment financially and, more importantly, was an emotional stabilizer in a very turbulent phase of my life. Thank you Charles.

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