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
Debt Requirement







ZipDebt Reviews |


The Good

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


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.

View Top Rated Companies

Frequently Asked Questions

How Much Does ZipDebt Cost?

ZipDebt has not disclosed this information.

Can I Get a Free Consultation?

They offer a free 20 minute consultation with their “Negotiation Expert” Charles Phelan. Before the consultation, prospective customers are encouraged to have a list of all their creditor’s names as well as the amounts due to each creditor. Also, a list of questions to ask during the consultation and a completed form that is included on the website which will include a description of your current debt situation and financial background. They will then give you a call during a weekday, typically within a couple business days, though they can’t schedule a specific appointment to talk.

What Types of Debt Does ZipDebt Work With?

Unsecured loans are the only loans that ZipDebt is able to counsel. Unsecured loans include store charge cards, medical bills, and credit cards. They are not able to help with secured loans such as mortgages, home equity lines of credit, foreclosures, IRS debts, or short sales.

What Is the Minimum Debt Amount I Can Sign Up With?

There’s no specific minimum debt required. It is up to the person in debt to determine if their circumstances are dire enough to require some extra assistance to get it resolved. Anyone is free to purchase the CD’s, videos, or seminars.

More Information

About ZipDebt

ZipDebt is unique in the debt settlement industry. Instead of offering their settlement service, the site teaches you how to settle your own debts. Since 2004, ZipDebt has been selling personal coaching material on settling and getting out of debt. The company is relatively small, with less than ten employees, and is run primarily by Charles J. Phelan, a debt expert.



Account Set-Up

  • Free consultation: Yes
  • Personal consultant during the settlement: Yes


  • AFCC accredited: No
  • IAPDA accredited: No

Time in Business


Minimum Debt Requirement


Are there any inaccuracies in this review? We take our accuracy very seriously and would love your feedback. Give feedback here.

X close
X close

1 ZipDebt Reviews

1. Select Your Rating:


2. Subject For This Review*(Select all that apply)

0 characters

3. Review Validation*


    Sort By:

  1. User Score


    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.

    Read More

    Was this review helpful?