Questions and answers about Debt Cures
If you're new here, make sure you signup to win a free copy of Debt Cures. You can read my reviews of Debt Cures here you may want to subscribe to my RSS feed and get updates on Debt Cures. Thanks for visiting!
Hello all-
Thank you everyone who keeps posting their thoughts and comments about Debt Cures. I am going to try and answer some of the questions or point you in the direction of where to get the answers.
Katherine asked: “Can anyone tell me where and how to receive free grants from the government for real estate investing or for personal use, for paying off my debts. I hear alot of people say they get free grants, but how does one go about finding the right one? How to you fill out the forms?”
Thank you for your question Katherine. I posted about getting the free grant money here and here. Grants.gov is going to be your free resource for all you need to know about grants. It is going to take a lot of work to get a grant. But the money is there.
Brandi writes… the two “magic words” are IDENTITY THEFT.
Yes, the 2 magic words are identity theft. This is the fastest growing crime in America. This can ruin your credit faster than you can do by yourself. You do not want to be a victim of identity theft. So by Kevin Trudeau hyping these two words up in the infomercial, it gets your attention. This is where credit monitoring can help you. Or a company like LifeLock.
Tiffani posted a good comment about getting out of debt. Thank you Tiffani. Now, I want to offer my opinion about one of your statements, “Kevin is just plain wrong. For most of us we are in over our head so far that it is not feasible to put 10% in savings and then pay creditors. There isn’t enough money to do both.”
The idea is not to put 10% in your savings. Ideally, you want to put it in an investment account or a 401k at work. If you put it in your savings, it will not grow. If you put it in stocks and other investments, it will grow much more than in a regular savings account. When you have it come of your paycheck automatically, it comes out pretax so the actual effect on your paycheck is minimal.
If all you worry about is paying your current bills, then what and when will you start to save for your retirement or for your kids’ college expenses? Start small. Have 2-3% or so taken out for a 401k plan and then see how much it affects your paycheck. Then increase it incrementally up to that magical 10% amount.
You also want to do this to take advantage of any company matches to your retirement account.
Renee asked a couple of questions about lowering your credit card interest rates. Thank you Renee.
“My question is, does KT actually tell you what to say to the credit card companies to get them to lower your interest rate. I have had a good credit score for a while, but lately it seems that the CC companies are raising my interest rates just because they can. In the past I have asked some of them to lower my interest rate; one company lowered it about 1%, and others have told me no, they cannot, and their supervisor can’t lower it either because the increase is computer generated. That sounds like a bunch of bologna to me, but I don’t know what to say to them beyond just asking them to lower my interest rate.”
Tell them to lower your rate! And then tell them again! Point out that you are a good customer, point out that you have made all your payments on time, point out all the other better offers you have received lately in the mail and ask if they can match it. If they do not respond to your first request, hang up and call back again and again. KT says to call back until they do what you want them to do. You can threaten them to take your business to another company if they do not lower your rate. Basically, you have to be persistent about asking them to lower your rate. Thank you Renee. Hope that helps.
Leah asks:
“I just have one question though, in the infomercial KT says that in the book he will tell you where to get a million dollar in business credit but I didn’t see anyone mention it. I just thought with such a big claim someone would have mentioned it.”
Thank you Leah. He does not give the specifics about how to do this in Debt Cures. He mentions it on the Bonus CD. But still does not give the step by step process. But, I did find some resources to get more information as I was also interested in getting business credit. Here’s one and two.
One last question for this post and it’s from Quentin. Thank you Quentin.
“Can You really get money in 24 hours like 10000 dollars is it true?”
Yes, you can as long as you have rich friends. He says do whatever you can to borrow money. Friends and family usually charge cheaper interest rates than a bank will. He also suggests borrowing from your home equity which many people already do.
That’ll be the end for this post. I will try and post more questions about Debt Cures so keep sending them in.
Thanks,
Adam
Click here for a Free Debt Consolidation Quote
Recommended Resources:
Looking to get out of debt without the scams? Click here to learn how to completely eliminate your debt in 5-7 years. Eliminate Debt
Reduce your debt by 50%
Find out how easy it is to reduce your debt by 50%. Click for fast online debt relief. Click here for more info
Making Money Online for Newbies
Want a way to make money online, even if you're BRAND NEW to Internet marketing? Here's an easy, 100% legal and proven way to make money fairly quickly. Click here
Can you tell me where could I buy his (Kevin Trudeau’s)book: ‘Debt Cures’?
Liz-
You can buy Kevin Trudeau’s book Debt Cures from his site at http://www.debtcures.com/
You don’t have to deal with the phone reps trying to sell you several items as well online.
Thanks,
Adam
http://www.debtcuresreviews.com/
Hi, Everyone
Regarding those who think Kevin is off his rocker regarding his debt cures book - please read the message below and watch a video that literally proves that what he says about our Government, banks and the Federal Reserve is right on. I know he didn’t know about this “movie” documentary before writing the book as it just was previewed in London and you can only see it (at this time) on your computer. Talk about the government trying to dumb us down!
you have got to watch this video on your computer as it’s the only way you can
see it. The link to watch it is http://www.zeitgeistmovie.com. You are one of the few
open-minded people I know and after you watch it I would definitely like to
talk with you about it. All I can say is that I have had many occasions where I
thought I must be an anarchist for thinking the same way and believing what I
have about religion, government, wars, education etc. This is really quite
scary
it’s a long video but truly worth watching. I am going to spread this word to
everyone I know and don’t know and hope that everyone passes it on immediately.
Follow this link http://www.zeitgeistmovie.com
Are future is in our (the peoples) hands but only if we allow it to be
I have a massive student loan debt ($75,000) and wonder if there’s any way to reduce that amount or eliminate it altogether. I know student loans aren’t covered in bankruptcy, so even if I were considering that, it wouldn’t provide any relief.
Thanks,
Kathryn
My comments are I’m frustrated and tired.
I try to help my kids out by buying another home.
I put 2 of my girls and their kids in the duplex.
I did childcare which was mostly their children.
One by One things start to fall apart.
My children jobs, lay them off and getting fire, around the same time. They got unemployment and was able to pay rent. But childcare wasn’t paying off, which was my income. My other daughter gave her $2000 for payment for her car and it got stolen and was a total lost. Same daughter was on phone service as a second phone, well she put $700 calls on my phone. My bills start to get behind and my mortgage payment. I wasn’t able to catch up with my taxes on my home, but the mortgage took over the payments and my mortgage payment is $1500, not to mention the other mortgage payment, which is close to 1200.
I am driving a school bus part time and getting a small pension from my previous job which is not enough. I getting calls coming from everywhere!
What can I do
In 2001, I co-signed for a student loan and am now being sued because the student has vanished. I am 71 years old and insolvent. Can they freeze my bank account, which consists of automatic deposits from ssi etc.??? I have credit card debt which I have been paying on, thanks to being able to live with my daughter. What can I do to protect myself??? Thank You
Under the statute of limitations law. If i had a debt of $100.00 that was last paid on in Jan. of 2004. Now a collection agency has the account and wants $215.00.They bought this account in April of 2007. I contacted them about this account to see what it was from and about. I was attempting to improve my credit score. Since this took place in Ohio has this debt expired as of Jan. 2008? Or does it go from Apr. of 2007? Also I am maybe in debt $1800.00. Have a debit card but have never had a credit card. I went to my bank just to see how i stood and tested my credit. They told me I had a few things on my credit that needed taken care of. It seemed just as big a deal that I haven’t had any credit at all since 2004 when I paid off a car. Isn’t that a crock! They use no DEBT to charge you more interest! All in all since buying and reading your book I am better prepared to face whoever when it comes to my credit, interest rate,etc.!!!! THANKS KEVIN
After reading your book I contacted ab attorney about a debt from 1999.This debt has been sol three different times. I mentioned the statue of limitations for South Carolina which according to your book is three years.The reply from the attorney was that as long as someone was trying to contact me I was responsible. Also the attorne knew nothing about the statue of limitations. Where can I find this information on the statue of limitations. I was also told that since a judgement was placed against me they could place a lien on anything I own including my home.
Please help.
Elmer mallory
Spartanburg, South Carolina
I got burnt not too long ago by The Diagroup out of Florida. They cold called me one night and after about an hour on the phone I finally hung up totally confused.Not too long after I ordered the debt cures book and called my credit card companies to see if they would lower my interest rates. ( they did) Next thing I Know I get my credit card bill from Diagroup with a charge of over $800.00 dollars which I inadvertently authorized over the phone. Calling them to cancel the service did me no good and since I got my rates lowered on my own they were unable to do any better. Now I’m stuck with an $860.00 bill that Diagroup won’t do anything about. Any ideas? I contacted the Better Business Bureau in Florida and they did nothing. Just a warning to everyone how easy you can get ripped off. Thanks
Dear Mr Trudeau:
I’ve read your book “DEBT CURE$”
My question are: I owe several credit cards in the amount apr.$90,000 eight years ago, since then i did’nt have a credit card and have’nt apply one, I still get the collection agency sending me the collection statements, but i never reply for the past 8 years, i dont even have a bank checking account, and i live in New York, according to your book, “the statute of limitation on debt”, am i free of these debt? What is the next step i should do? Please advise! Thanks Thanks Thanks.
Connie/NY
It’s been over year that I’ve had your book. I decided to read the book this year. I have been battling with a credit for 10 or more years. So I attempted to get this particular credit card interest rate reduced. I was told by the consultant that it wasn’t possible because the company had closed my account. My credit limit on the account is $500.00. Consequently, the balance on the account went to me owing them over $2,000.00 with them adding late fees and overlimit fees. I have been battling with this for years. What should I do to resolve this matter.
My son is a student and is going back to school full time. He bought this chev cobalt ss. Has got 3 tickets last one $1100 because he was unable to pay his $395 payment and $300 insurance. He had no idea that the insurance would be this high and he would not be able to control the urge to speed. He has a 5 yr contract and only has had it 6 mons. He tried to trade it in and was told he that they way over charged him so if he tries to do this he will have to pay $5000 just to break even. We have a car he could use, so he called his lender and was just going to turn it back in he was not able to drive in all winter with snow because of the tires and they do not make other tiers or studs to put on it . He and by husband were told by capital one the lender that if they picked it up they would charge daily for holding it until the it was sent to action and he would be reported as a repo even though his payment is current. He is not going to be able to pay for this car while he is a full time student and knows it was a very bad choice . What can he do and ideas or info that could help us deal with this. I just want him to turn this in . His insurance is cancled because he can no longer afford it and they turned him into collection for $296, his payment is $385, and his insurance was $300 before the last ticket. He wants to try and pay for this piece of junk because he does not want to hurt his dredit . Should he just forget about school and try to pay this off. What would turing it in or just not paying the payments do to his creadit. What if his payments become late and he keeps it. What would be the less damage and the easiest to recover from?
I recently formed an LLC for my farming operation, but still having trouble with credit.You talked about credit-builder companies in your book.I have not been able to find any. Please help
I want to know how I stop the monthly newsletter and the payment each month. I do not want to receive the information or have the monthly payment anymore.
Hello Patti-
Thank you for your comment.
You need to contact Debt Cures customer service.
You can reach them at https://www.debtcures.com/custserv.asp
Thanks,
Adam
Debt Cures Reviews
Hi I want to know if the neg. credit report will be auto.removed when you inform the collection company that it has passed the SOL or do you have to ask them to remove it and what to do if they refuse to take it off the report. Also can you call companies that you paid collections accts. off for less than they were asking to ask them to remove the derogative report will they take it off. Also If there is an old acct. showing on your report can you have them removed before the 7 yrs. limit or do you have to wait for it to drop off by it self
Hello Angela-
Thank you for your comments. The statute of limitations basically prohibits the creditor from seeking legal action to collect the debt. That does not mean they will stop or have to stop trying to collect it. SOL just means they have no more legal remedies to collect it.
As far as collections accounts, they would have to have to power to add stuff or remove stuff from your credit report. Usually that power rests with the credit card company because they are the ones who put on your credit report that the account is in collections.
I am not a lawyer and do not claim to provide legal advice. This is just information I have found through online research.
Thanks,
Adam
Debt Cures Reviews