‘Debt Cures They Don’t Want You To Know About’ is the book that was written and promoted by Kevin Trudeau in his late night infomercial which shows you how banks, credit card companies, and even the federal government try to keep you in debt.
‘Debt Cures’ goes into detail about the banks and others that are working together to ensure the average person continues to sink deeper into debt just so they can make obscene amounts of money from the interest that you owe to them.
One problem is that this premise, although a pretty attractive idea because it takes the reason for your debt away from you and puts it on the credit card and loan companies, doesn’t help you take control of your situation. The whole “it’s not my fault! I was essentially forced into debt. That is the founding premise of Kevin Trudeau’s book.
And while I am not totally against that idea, I mean let’s face it, we all grow up thinking debt is normal. In fact, we are told the most money savvy people in the world have debt (and maybe that is partially true).
The truth is that for most people, a home mortgage is actually a good financial decision. It is most likely cheaper than paying rent, especially in the beginning, and after 15-30 years you own the property. Really, a home mortgage is a no brainer if you can afford it.
But where we get into trouble is the fine line between taking out a loan to “invest” in an asset that will hold or even increase in value over time and using debt to fund things that will never be worth what we paid for them again. Whether we are talking about cars, furniture or all the little charges that fill up our credit cards.
And then suddenly, they all turn on you. No more free money, no more credit, your cards suddenly stop working. Then the credit score system turns the other loan companies against you too because they instantly know that you are a “bad risk” who could file bankruptcy at any minute. And this is what Kevin Trudeau calls the conspiracy.Where you have to be careful is that as you get into credit card debt, banks see you as a good risk (someone else gave them credit, so they must be trustworthy), so they will offer you more cards and loans at better interest rates until the point where it becomes impossible to keep up with your payments to these kind “creditors”.
But let’s face it, it doesn’t really matter whose fault it is. When you are in debt nobody that helped you into the mess is going to help get you out.
Overall ‘Debt Cures’ is a little repetitive in some places, but it does give you good “how to” ideas for taking control of your financial situation and reducing or even eliminating parts of your debt.
Debt Cures includes websites where you can read free reports on how to find debt relief by reducing different types of debt (like this one) until you become debt free. Although some of the ideas Trudeau reviews do not work in every situation and as you can tell I am cautious of the “it’s someone else’s fault” idea, you should be able to find some hints for dealing with all types of debt.
There are definitely more comprehensive debt cures in other financial management books and websites out there, but this one is simple to read and really a pretty good introduction for you if you don’t even know where to start.
You can even check into Debt Settlement and Debt Consolidation to find your own more “natural cures” to eliminating the debt in your life.
If you have not begun tackling your debt yet, ‘Debt Cures’ by Kevin Trudeau should give you some ideas that could quickly help you save much more than the purchase price.
If you have read Debt Cures, let me know what you found helpful and what you thought was ‘out there’…
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