Here is part one of my review of Debt Cures.
Just got my copy of Kevin Trudeau’s Debt Cures Book. The book arrived in a similar box to what you receive when you order a book from Amazon. Amazon can ship books for free when you spend over $25 so why did this box cost $11.95 to ship?
I went back to the main debtcures.com website and looked in their FAQ, it no longer has that question listed there. It used to say that due to higher costs, blah, blah, blah.
So I started reading. I am currently on chapter 10, page 111. For the first three chapters of Debt Cures, Kevin Trudeau takes the approach that you know nothing about the lending, banking, and credit industry. If you don’t then these background chapter will probably get a little under your skin reading about some of their predatory practices and how they love to squeeze every penny out of us with ridiculous fees and high interest rates.
But anyone who watches the news and reads or does research about their credit will have already read this on most credit related websites. For free. So none of this stuff in my opinion was ‘ground breaking’ or ‘never before been revealed.’
Yes, the credit card companies advertise heavily to get our business. Yes, they try and squeeze as much profit out of us as possible. Yes, those late payment and over the limit fees suck!
So by reading those first three chapters, you can get a little riled up and want to take action to stop them from taking more of your money than they should. So tell me how to do that Kevin!
Chapter four is titled, “Eliminate Your Debt!”
Now we get on to the more meatier part of the book with some actionable content. In this chapter, Kevin talks about how there is a legal way of eliminating your debt. It’s called the statute of limitations on debt. This method can also be found on Google. But, he does offer some good tips on the whole debt elimination strategy. He walks you through the whole process of dealing with creditors and collectors who keep harassing you to pay your bills.
The information in chapter four is something that I would pay for. So Mr. Trudeau, you finally scored one positive point.
Chapters five and six are about negotiating your debt and asking your credit card companies to lower your interest rates. The more you save on interest, the less you have to pay and the quicker you get out of debt.
In the back of my mind, I keep thinking that a lot of this information is available for free online and it’s not original. It is very easy to read and understand in the down to earth manner that Kevin presents it. You have to do some searching for it online. So if you have the time available, you can do all the research for yourself online or you can get it from a book like Debt Cures or from one of Dave Ramsey’s or Suze Orman’s books.
In the next post I’ll continue with my review of Debt Cures and let you know my thoughts.
If you have any comments you can post them below. They are appreciated.