It is important to make sure your credit report is accurate because every time you apply for credit to buy something (house, car, store credit card) the creditor will take a look at your score and decide how much to loan you. Therefore, you don’t want any inaccurate, negative items effecting your score.

As chapter 9 of Debt Cures explains, getting your credit report is easy. U.S. law says that every citizen is entitled to a free annual credit report from each of the major credit agencies (TransUnion, Equifax, and Experian). One of the fastest and easiest ways to get your reports from all of the credit bureaus is to order them online from FreeCreditReports360.com. One of the advantages of ordering your report from this site is that you get access to all your information immediately. Other methods of ordering require that your report be mailed to your home and that takes much longer.

The purpose of reviewing your credit report is to look for inaccurate and fradulent items on the report. Identity theft is a serious problem in America and it’s important to make sure that everything on your credit score looks familiar to you. If anything doesn’t look right, don’t be afraid to initiate a dispute. However, if you see something on your credit report that looks funny, don’t immediately assume that your identity has been stolen, it is also possible that there was a simple human error. Either way, it’s important to get it fixed.

Don’t be lazy! This is one of the easiest things that you can do to take control of your financial situation.

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Kevin Trudeau writes that 90% of credit reports have errors so make sure to review your report closely and dispute any errors you might find. You owe it to yourself and your family.

However, if you do decide to hire a professional, it is important to choose the right company to work with. Fortunately, most debt consolidation companies do offer FREE CONSULTATIONS so you can speak with them first to decide if you trust them. Sign up with several different companies and speak with their representatives so that you can decide which company can help you the most. There is No Obligation, so you can also decide not to work with any company.

I recommend signing up for the following Debt Relief Companies (Do it NOW, it only takes 30 seconds):

• Debtco
• Debt Match
• Elite Debt Cleaner
• The Debt Genie

When you speak with these companies or any others, you should consider the following issues:

1. Can they provide reliable referrence?
2. Do you like them and want to work with them?
3. How long have they been in business?
4. Do they know what their talking about?

Take control of your debt and do whatever it takes to clear your credit. The economy is only getting worse, so the less debt you have, the better position you’ll be in. There are many Debt Cures, find the one that works best for you!

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.

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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This seems to me like a very simplistic “magic” solution. While it’s true that many people have credit problems because the were victims of identity theft, there are many who were not. These magic words will not help most people who have simply amassed too much debt.

The difficulty is part of the plan. If we can’t read the contract, or give up halfway through, then they can legally charge us the high interest rates and fees that Trudeau calls obscene. Mortgage companies and car dealers must have easy to read contracts. When you purchase a car, you know up front the amount of each monthly payment, and the number of months it will take to pay off the loan. With credit cards, all you get is a monthly statement with a minimum amount. Kevin Trudeau quotes a professor who says that credit card companies should put a one line sentence on your monthly statement showing payment options. Imagine your reaction if you saw that if will take 60 months to pay off your $2,000 credit card debt. It may change the way we use credit cards, and may decrease the company’s profits. The credit card companies argue that it is too complicated to include on the statement, but Debt Cures says it is just information that they do not want you to have.

Credit cards are swiped 52 million times a day; so why do credit card companies need to charge such high fees? Each time you swipe, the companies are getting a portion of the sale. Trudeau says he doesn’t have a problem with credit card banks charging a reasonable interest rate, his complaint is their obscene profits from high rates and fees.

Kevin Trudeau says you need to be the ringmaster of this circus. He proposes several ways of being the human cannonball and fighting back. Some are reviews of techniques he explained in early chapters of Debt Cures while other tricks are new. Here are a few of these techniques:

1. You should be contacting the credit card companies anytime you have a question about your statement.
2. Call your company about reducing your interest rate.
3. Make sure you use your threat of transferring your balance to a competitor.

Remember, they would rather make some money off of you versus making nothing. Simply asking can reduce your monthly obligation considerably.

Make sure that you contact your company to have the annual fee removed. Most companies don’t charge it, but some do, why pay $30 or $40 a year plus interest when a phone call could remove it. Remember, whenever you call, if they don’t satisfy you the first time, ask for a supervisor or keep calling until they do what you want. When calling, ask for a higher credit limit, not for you to use but to help improve your credit score. Remember if you score goes up, you can use that as a tool to lower your payments. If it is your first late payment, call to see if they will remove the penalty. You have nothing to lose and may save money. Make sure you read chapter 17 of Debt Cures as Kevin Trudeau provides you with details on how to win when fighting back. Be the strongman or strongwoman in this circus. Be a success story.