| Zoom Credit Review |
 To begin with, it is difficult to take a debt settlement company serious with a name like “Zoom Credit.” A search on the Better Business Bureau website reveals that, in fact, this company is an auto and truck broker. It must be that their business has led them into the financial services industry which has, in turn, provided the path to offering help on your debt. That appears to be somewhat of a conflict of interest. Furthermore, their website looks like something that you would find in the advertising of a payday loan business. Very suspicious at best. Quick facts about Zoom Credit: Founded in: April 2005 in Oregon Years in Business: 4 Number of employees: Not disclosed. BBB Rating: F BBB complaints: There have been nine complaints filed against this business, three of which have been “failure to respond” and two that have not been resolved. Free Information: From their website and via a toll-free number. Escrow or Payment Plan Available: Not disclosed. Source of Funds: Not disclosed. Fee Structure: Standard 15% of debt enrolled and a monthly fee of $39, but no settlement fee. Avg Settlement: Not disclosed. Refund Policy: None given. About the Company 
Zoom Credit claims to be “America’s Financial Supermarket.” They are based out of Arizona, but were incorporated in Oregon. Beginning the Process Call their toll-free number or fill out the form on their website for more information. Types of Debt Serviced Not disclosed. Worth Noting This appears to be nothing more than a consolidated web-based business with the sole purpose of getting you into any one of these financial categories: refinance, debt consolidation refinance, debt settlement, home equity loans, credit cards, cash advances, loan modifications, and auto loans. Program Caution and Your Responsibilities The caution worth heeding here is to refuse to do business with a company that is not interested in doing anything but helping you spend more money on credit or credit related activities. Will Debt Collectors Still Call? Not disclosed. Other Information There is so little information on debt settlement that it is laughable. It would be surprising if they have any clients at all. And the other question that looms large is if they even handle the debt settlement clients themselves or are they sold to a debt settlement servicer? The fact that they also help you get into debt further by offering credit cards and auto loans is a huge red flag that screams “do not engage in business activities with this company.” You have been warned. Related Articles: |
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