Kevin Trudeau Debt Cures Reviews

Debt Cures Debt Kit: Sample Letters to Reduce Your Debt

Tired of receiving threatening phone calls or letters from collection companies? If you are one of millions of Americans in serious debt due to credit cards then Kevin Trudeau has some help for you. In addition to his book Debt Cures, Trudeau has prepared a Debt Cures Debt Kit with 35 sample letters for your use to help in the fight to reduce or even eliminate your debt. The subtitle of the Debt Kit is, Almost Every Letter You Could Ever Need To Send: Credit card companies, debt collectors or anyone else causing you debt nightmares.

In the book, Trudeau writes that you need to fight back when you are in debt. You need to contact your debtors and the collection agencies to explain your financial situation to them. Be persistent and remain in contact with them until your debt is resolved, or at least until you have reached a payment plan that is acceptable. With the debt kit you have an added weapon.

Included in the debt kit are numerous letters you can send to collection agencies. They include: Offers to settle debt, a request to reduce the monthly payment, a letter to report harassing calls along with a sample complaint letter to a state attorney general’s office. If a creditor is after you, Kevin Trudeau shows you how to write a letter to request a lower interest rate, a request to suspend payments, letters to request the removal of a fee, as well as a letter to reduce payments.

Throughout Debt Cures, Trudeau repeats that it is important to clean up your credit report and to improve your credit score. His sample letter kit helps in that regard. He includes the addresses, phone numbers and websites of each of the three main credit reporting agencies. Then he provides samples letters to send to them, including the correction of information letter, a follow-up letter to make sure the work is being done, a letter of notification of identity theft. As you have the right to explain any and everything on your credit report, Trudeau provides a sample letter for adding a personal statement to your credit report. He also shows how to request a free copy of your credit report. Because it is not unusual for there to be incorrect information on your credit report there are letters available to help you correct or remove this type of misinformation.

As the Federal government has done little to help consumers, there is a sample letter that you can write your congressman. You may not give as much to their campaigns as the banks do, but you are the one who has the right to vote during each election, and it never hurts to remind your congressman of that fact.

Debt Cures provides plenty of information you can use to get out of debt and to improve your credit score. The book itself states things in general terms, the sample letter kit is by far the most practical advice that Trudeau provides. In one document is most of the help that you will need to begin digging yourself out of debt. Keep fighting the fight, stay the course and you will be able to stay out of debt.

Have you tried using any of the letters in the Debt Kit? If so, please share your experiences below.

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Complete Summary of Debt Cures by Kevin Trudeau

Now that we have completed all of our in depth summaries and reviews of each chapter of Kevin Trudeau’s book, Debt Cures They Don’t Want You to Know About, I wanted to give a final summary of the entire book. In the past, Trudeau has taken on the pharmaceutical companies and the weight loss business; in Debt Cures he exposes what he calls the corrupt practices of the lending. Trudeau claims to be fighting for the American consumer against banks, credit card companies and other lenders.

Debt Cures is an easy book to read. You don’t need a degree from Harvard in order to understand what Trudeau is writing. He does tend to repeat himself though. The 24 chapter book could have been considerably shorter, but in Trudeau’s defense many of his ideas are worth repeating. Some, however, could have been treated more thoroughly. For instance, Trudeau writes constantly about creating wealth and getting free money. He does provide some examples, but don’t purchase this book if your only goal is to get rich quickly.

The great value of the book is the tips that Trudeau provides for getting out of debt. There are no quick ways to get out of debt, but if you work hard at Trudeau’s techniques, in time, you should be able to get out of debt and, most importantly, stay out of debt. Trudeau arms you with information about the credit industry and about how the goals of credit card companies are to attract new customers who will be late on payments and who cannot pay back what they are charged each month. According to Trudeau, the plan of credit card companies is to hit you with fees and penalties, and then, as if they are not earning enough already, they want to get further into your wallet with high interest rates. They lure you in with low introductory rates, just waiting for you to be late with a payment so they can raise your rates to 20%, 24% and even 28%.

Trudeau is not opposed to credit. In fact, he is opposed to cutting up your credit cards if you are in debt. He believes you can use credit to your benefit. First, you need to know how the credit industry works so that you can use it for your advantage. Perhaps the best information from the book involves getting your credit report. Trudeau advocates getting your credit report and cleaning it up immediately. By law, you are entitled to a free copy of your credit report each year. Trudeau tells you how to get it and what to do to fix it. Often times your credit report contains wrong information which drives down your credit score. Trudeau tells how you can get this information corrected. Remember that your credit score is vitally important. It determines the interest rate that banks charge on loans. If you follow Trudeau’s advice, you will over time improve your credit score. Once it has improved, you can go to the bank to refinance your mortgage, which could result in saving hundreds a month on your mortgage payment. That’s money you can spend to pay down other debts, or money you can use to spend on the things you want.

In addition to improving your credit report, Trudeau advises that you develop financial statements on your financial health. Create a balance sheet and an income statement. The average American has credit card debts of $8000. Trudeau tells you how to use financial statements to negotiate with the credit card companies to reduce the amount you owe and to work out a realistic payment plan. He provides sample statements, so you don’t have to be an accountant to create them. All the steps Trudeau provides are things the average person can do themselves. While it would be good to have a professional review them, it is not necessary.

When we are in a great deal of debt, the fear of receiving collection calls can be crippling. We fear answering the phone or hearing the doorbell ring because of the pressure the collection agents use against us. Trudeau provides relief for that as well. He reviews the laws collection companies must follow. Not surprisingly, collection employees skirt around the law and sometimes break them. Trudeau provides plenty of information on how to fight back against collectors. For example, by law, collection companies are not allowed to telephone you if you tell them to only correspond through the mail. Plus they are not allowed to contact you at work. You will also learn about the statute of limitations for your debt. It is possible that you no longer owe any money on an old debt.

The book is full of contact information and places to turn to for help. Trudeau talks about agencies which help you pay your monthly mortgage, how to reduce your monthly bills, and information on consumer advocacy groups in each state. The federal government provides little protection for the consumer from the credit industry, but more than 30 states have brought lawsuits against credit card companies and banks. If you have been ripped off, Debt Cures may be able to help you find someone to fight on your behalf.

Throughout Debt Cures, Kevin Trudeau places the blame for America’s debt problems on creditors. The thirst for profits has turned creditors into predators. They lie in wait for Americans to lose their jobs, or to get sick and incur high medical bills. That way, they can hit them with high fees and high interest rates. It is not your fault if you owe thousands to your credit card companies. If you are charging your visits to McDonald’s it is not your fault if you can’t pay the bill at the end of the month according to Trudeau. He never suggests that we are in debt because of our spending habits. It is only the lust for higher profits that leads to our debt problems. Trudeau says not to worry, because if you follow his steps he can get you out of debt, and you can begin to use “good” credit to begin building wealth for yourself.

While he is not always clear on how you can make money, if you have patience and follow his steps then you can at least stay out of debt and that’s good for everyone.

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Debt Cures Chapters 23 and 24 - Grants and Loans Are The Path To Wealth

Free Money!!! Everybody wants it but few think that it can be found. Kevin Trudeau says there is free money out there waiting for you to find it. After going through chapters on how to eliminate bad debt and how to begin creating wealth, Trudeau closes out the book Debt Cures by telling how you can get thousands of free dollars through government grants. That’s grants – money that doesn’t have to be returned! In addition, there are low interest loans that are also available.

Curing your debt will help you feel great, removing the pressure of wondering where the money will come from to pay your bills. Now, Trudeau wants to push you onto the next step. He wants you to begin creating wealth and to open your own business. He shows you how to being working on getting federal grants for your business. In chapter 23 he goes through a list of websites and other contact information. Investing your time can be rewarding financially. Imagine taking 5 hours to research and fill out paperwork to receive $5,000 in grant money that you don’t have to repay. That’s like being paid one thousand dollars an hour.

You will have to pay attention to details. Most grants come with conditions. But be smart and keep good records. If you play it smart, you will be able to use the grant money to make even more money through your business. Remember the big companies get grant money all the time for economic development. Why should they be the only ones getting money? Imagine getting $25,000 for starting a small business from the Small Business Administration. You have paid your taxes; you deserve to have some of it back.

It is not just the federal government that has money available, but also state governments along with your county and your city. There are also private foundations and groups that want to help new entrepreneurs like you. Keep looking and stick with it until you have success.

In addition to grant programs there are also low interest loans available. You could get a small business loan for 2%, 3% or 4%, sometimes with a generous repayment schedule. Look to see if your local community is part of an Enterprise Zone. These are areas in most states where special incentives are used to create jobs and help new businesses.

There are also programs to help individuals, so don’t worry if you haven’t started a business just yet. There are programs to help you pay your monthly mortgage, energy programs to help pay your utility bills, help for childcare and there is also help for prescription drug coverage. To help save money on expenses contact your local colleges, if they have medical classes they may be looking for people to come in to help with their students. Some technical colleges will work on your car at a greatly reduced rate. Remember any money saved is also money earned.

Make sure you are taking all tax credits available to you. Trudeau provides the website to help you look up tax credits, such as the $1,000 tax credit for each child you have. Trudeau also provides you with the contact information for grants and loans for each of the 50 states.

In closing out the book, Trudeau says that he has provided you with a wealth of information. You have the knowledge now; he wants you to use it to improve your life. According to Kevin Trudeau, you can have true freedom by following his advice in Debt Cures and taking complete control with no fear of what anyone can do to you.

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Feds Investigate Kevin Trudeau

As we continue to research and provide you with information about Kevin Trudeau and his books, we came across this video that I think this website’s readers will be very interested in. Click play to watch for yourself.

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Debt Cures by Kevin Trudeau - Book Reviews of Chapter Twenty Two - Building More Wealth

Did you realize that eliminating debt is the same as creating wealth? Kevin Trudeau says it is true in chapter 22 of Debt Cures entitled “Building More Wealth.” So as you are following his steps in erasing your debt, you are able to reduce the amount of interest you pay each month. You are creating wealth as you build equity in your home. Little steps over time add up to great distance, and the savings you are making today can add up to wealth tomorrow.

Trudeau says the ability to borrow is power. It used to be the banks had all the power, but you have been able to turn that around and now that power is yours. Also, learn to invest wisely. Not necessarily in stocks and real estate, but Trudeau says to invest wisely in common things. Choose your shoes and clothes wisely, invest in items that will last.

A tactic to protect your wealth is to create your own corporation. It sounds difficult but it is not according to Trudeau. He explains in Debt Cures how to create a corporation. In most states all you have to do is invest your time in filling out documents. The tax savings and legal protection may be more than you first think.

Be creative and imaginative when creating a corporation. Wouldn’t this be the best time to start your own business? You are out of debt, you have good credit, you want to live your lifestyle not someone else’s so why not become your own boss? If you have a hobby or a skill that you enjoy and are good at, why not see if you can make money at it? If you make crafts on the side, why not look into making and selling them part-time? Make sure you are filling a demand not just doing something you like. Don’t buy items cheaply that you think you can sell on EBay, without checking it out first and making sure you can sell them at a profit. Always do some research first to make sure you are doing the right thing.

One advantage to opening your own business and corporation is that it opens your world to cheaper and better credit. Trudeau says that business credit cards almost always have better terms than personal cards. Also you will start out with a good credit score as a business. Any problems with past credit won’t be looked at on your business account. It is like working with a clean slate.

When you are ready to begin your business don’t be afraid to borrow. By now you know what you need to do to stay out of debt, use them but make sure you get the money you need to be successful. If you own your own home you can secure a home equity home. You may have to find someone with good credit to co-sign a loan. Trudeau shows how you can get $10,000 or more as quickly as a day’s time. Use money to create more money.

Trudeau says successful people see a need, jump at the opportunity and fill the need, and make money doing it. You can do the same, if you have conquered your debt then you have what it takes to start and run your own business. You are a winner, step out and do it.

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Kevin Trudeau Debt Cures Book Reviews of Chapter Twenty One

Money comes and sometimes it goes. Having wealth is the goal you should aspire to, not getting rich too quickly. Kevin Trudeau throughout Debt Cures talks about creating wealth and living the lifestyle you want to live. Debt Cures is about building wealth, it is not about get rich quick schemes. In fact, Trudeau says that most of today’s young, famous, and rich people are not role models on how to build wealth.

Remember that the Debt Cures techniques are a two step process. You get out of bad debt first, after reading the book you now know how to beat the big banks and credit card companies. You know their system and you now know how to beat it. Once it is beaten, you are now ready for the second step of building your wealth.

You are out of debt and you are learning to stay out of debt. But that doesn’t mean you do not need credit. You still need it and in fact you will use good credit to build wealth. That’s why you need to stay on top of your credit at all times. Don’t just eliminate your debt, but continue to follow Trudeau’s steps. Keep your financial statements up to date, don’t close out you credit cards – keep them to show that you can pay creditors over a long period of time. Continue to pay on time and to pay your minimum payment or more. Good credit now can mean more good credit in the future, along with the benefits that good credit will bring.

You want to stay away from high interest rates and penalties but good credit will help you obtain the funds you need for the lifestyle you want to live. Trudeau gives more tips in Chapter 21 to improving your credit score, including getting a co-signer for a loan and piggybacking with someone else for credit. He provides greater detail in the book, but remember when you were a teenager and wanted a car? You might have had your parents co-sign the loan in order for you to get the car. If you have someone with good credit co-sign a loan for you, that will improve your credit score. With piggybacking, you have someone with good credit add you to their credit card. You don’t use the card but you benefit from their better credit score. Make sure you know the rules before doing so, and make sure you make any payments you are obligated to because you do not want to ruin any friendships. But you improve your credit score by working with others.

Also, consider an installment loan to help pay down bills. Go to your bank or credit union and get a small loan with a one or two year repayment period. Make all your payments, this will show up on your credit report as a positive and improve your score. A secured credit card is also a good idea, especially if you have children going to college. With a secured credit card, the user cannot spend over a set amount. It is another way to create a new good mark on your credit. Debt Cures encourages you to keep up the good work you have been doing and take the steps on the way to wealth.

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Kevin Trudeau Debt Cures Book Reviews of Chapter Twenty

Throughout the book Debt Cures, Kevin Trudeau has taught that you want to get out of bad debt in order to begin creating wealth for you and your family. In chapter 20 he begins to explain how you can begin achieving wealth. Trudeau says that being rich means you have money, but being wealthy means you have time. Debt Cures talks now about how you don’t have to only be rich, but you can also be wealthy and have the time to do the things you want to do.

Most of us have been in debt at one time or another. The average American is anywhere between eight and eleven thousand dollars in debt. It is hard to achieve wealth when you are that much in debt. However, Trudeau says that if you follow his tips and techniques outlined throughout Debt Cures you can eliminate bad debt and begin using good debt to build wealth. Again Trudeau states that the debt problems many of us are experiencing are more the result of aggressive tactics by the lenders rather than poor spending habits on our part. We are unable to cut any more fat because we have already cut the fat out of our budgets.

Trudeau says to get rid of bad debt you need to be taking care of business. Get your credit report, review the credit report thoroughly, and correct errors and false information. 90% of credit reports have errors, get them corrected and begin saving money. Also try to pay on time, never skip a payment, and make the minimum payment or more each month. Once you have good credit you want to keep it that way.

When you have taken back you financial life, make sure you let you friends know about. Let them know about what you have learned in Debt Cures. Trudeau says don’t keep your success to yourself. Share the tips with your family and friends.

Debt elimination is possible, it may look helpless when you take a look at that stack of your bills, but as you start seeing your debt go down you confidence will increase. Take a stand and get the debt collectors off you back, use the tools that Trudeau has provided throughout the book. Create and use a balance sheet and income statement. Show them to your lenders and try to get some or all of a debt wiped away.

Debt Cures presents a two way street. The first phase is controlling your debt and the second phase is moving forward. The forward path involves creating wealth in order to live the lifestyle you want. The hardest part is getting the debt under control, once that happens you move on to the fun part. Trudeau talks about grant money that is available. And the best part of grant money is that it doesn’t have to be repaid. Trudeau says your bad credit can be replaced by good credit, where you can get a credit line of up to one million dollars. Trudeau says the Debt Cures methods are the ticket to a future of wealth, of stability, and of self-reliance. Look forward to your future with great confidence.

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Debt Cures by Kevin Trudeau - Book Reviews of Chapter Nineteen

Debt collectors are lurking out there, waiting for you to get so far behind in your payments that they get a call from the credit card companies to move in and put the squeeze on you. Kevin Trudeau says that he knows the way to stop debt collectors cold. If you are being harassed by debt collectors you will want to make sure that you read chapter 19 of Trudeau’s Debt Cures.

Debt collectors have two ways that they make money, and both involve getting you to pay them. The first is when the card companies ask the collectors to get money from their customers on current debt, the debt collectors will then receive a large percentage of the money they bring in. Often, the card companies will sell their oldest debt to collectors, the collectors are paying pennies on the dollar and whatever money they get is nearly all profit. Under either system, the more money the collectors get, the greater their profit will be and the higher the commissions for the people doing the dirty work.

Many people have been put through trauma by debt collectors, but Trudeau says once you know your rights, you can fight back successfully. Of course the best defense is not falling behind, but that may be too late at this point, so Trudeau says he will equip you to fight back.

One of the few steps the federal government has taken to protect you (the consumer) is the Fair Debt Collection Practices Act initially passed in 1977. Trudeau goes through the rights granted to you in Debt Cures. A few that you might not be aware of include your right not to receive any collection calls after 8PM your time, that they cannot contact you at work without your permission, and that they are not allowed to talk to anyone but yourself. Check the book to get the details on these and other tips.

Collectors are trained to be aggressive and many are not afraid to lie or bend and break the rules. Trudeau says the first step you should take is to write down notes of any calls you receive or call backs that you make. Tell them to only communicate in writing and not call back. Make sure you keep your notes and copies of any communication you send to the collectors or anything you receive from them. Don’t fall for their intimidation tactics. Remember, you have power to act against them.

Remember the financial statements Trudeau talked about earlier in the book? Use them again if a collector calls you. If you are not able to pay, and the debt is valid (yes, collectors will try to collect debts you never had, or debts past the statute of limitations) you may need to negotiate with them. They will try to bully you, but don’t let them. You might be surprised at how quickly they back down if you act professionally and provide them with the facts. Respect yourself; you have a much greater value than people who make their livelihood off of others who are suffering. Debt Cures shows you how to arm yourself with information so you can escape the nightmare of collection calls.

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Debt Cures Credit Monitoring Services

I frequently get comments to this site asking about recommendations for Credit Monitoring Services. Although Kevin Trudeau claims to help you with this on his website, debtcures.com, this information is unavailable there. Several of the following credit monitoring companies are mentioned in his book though.

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