Today, I wanted to compare Debt Cures with Credit Solutions. Kevin Trudeau talks about reducing what your interest rates are with your credit card companies, while debt settlement can help you reduce your total balances not just your interest rates.
While he does talk a little bit about it in chapter 14, doing whatever you have to do to avoid bankruptcy, he doesn’t go into that much detail. If you want something more useful, which is one of the biggest complaints about the Debt Cures book then talk to a company for free that can help you reduce your balances and help you get out of debt faster.
Credit Solutions is the largest debt settlement company in the US. They have customer service reps available 24/7 to answer any questions you may have.
Look at what Credit Solutions can do with a $50,000 credit card balance for example:
So Credit Solutions is a better alternative than most credit counseling programs and it is a much better option that debt consolidation. Why? With debt consolidation, you do not reduce what you owe, you only put it all under one new loan and extend the time you have to pay it off.
With debt settlement, you have a legitimate chance at reducing your total credit card balances and getting debt free within 12-36 months. And of course it’s not free though. Debt settlement usually costs about 15% of your debt which can get costly.
But when you eliminate your total credit card debt and get debt free in 12-36 months, you can still realize significant savings.
Compared to bankruptcy, debt settlement is the step right before you file. Credit card companies would be more willing to settle with you and get something for your debts rather than nothing if you file bankruptcy.
Using Credit Solutions to settle your debts will lower your credit score. You have to save up money to put into a settlement fund and you cease making your credit card payments to do this. Missed credit card payments will lower your credit score.
You have to ask yourself if you would rather have a good credit score with tens of thousands of dollars of debt or a temporary lower credit score and zero debt?
Thanks for reading and have a great day!
Debt Cures Reviews