Kevin Trudeau Debt Cures Reviews

Kevin Trudeau’s Debt Cures Book Reviews – Chapter Seven

In chapter 7 of Debt Cures, Kevin Trudeau rallies the troops to fight back against credit card companies. The lenders are fighting dirty, so Trudeau urges consumers to fight back. Lenders are like the bullies you had to face on your elementary school playground. Debt Cures describes how to win the fight. Again Trudeau asserts that Americans are in debt not because of their spending habits, but because lenders are looking for ways to get you into debt and keep you in debt.

To fight back Trudeau says you must take a good look at your current financial situation. If you were sick, then you would want your doctor to give a thorough examination before diagnosing the illness and before issuing orders for your recovery. The same with your financial health take a good look at how you got into the situation, but more importantly know your current finances to help you fight back. Trudeau wants to show you how to get out of bad debt and then use good debt to build wealth. No longer do you need to be bullied around, it is time to win.

The best place to start to determine your financial health is with your credit report and your credit score. The credit card companies and other lenders will always use these to determine the amount of credit they’ll give you and your interest rate. The higher the score, the better for you. Don’t go into bankruptcy when there are ways to get you out of debt without the sting of bankruptcy.

There are three lending companies in the United States who provide credit reports to lenders. They use a scoring system which grades you between 300 and 850 points. Unlike golf, you want as high of score as possible. The three companies will look at how deep in debt you are, how much available credit you have, whether you pay your bills on time and other detailed information about your finances. What they want to determine is will you repay this debt. It is strictly a numbers game; it doesn’t look at anything other than your current or past finances. While it is a good tool for lenders to have, the credit report can be a poor system for consumers.

While you would think that only a few people would get to look at your credit report, you might be surprised at who can view it. In addition to your bank or credit card company, your current employer or a prospective employer can review your credit report, as can your insurance company or your landlord. To no surprise, the government also has access to your credit report. The good news is you are also entitled to see your credit report. In the coming chapters of Debt Cures, Trudeau will go into detail on not only how to get your credit report, but also how to read the report, and how to improve your score. This will help you create wealth for yourself and to win the fight against high debt and the lenders.