Debt Cures 2 Book Review Part 3: 30 Days To Improved Credit and more
Hello -
Today, I will continue my review of Kevin Trudeau’s new book Debt Cures 2 starting with chapter 7: 30 days to improved credit. In this chapter Kevin offers several tips to help you improve your credit by gaming the credit report system. There is good practical information in here if you choose to use it. This is where Kevin offers you more “magic words” to help you with your credit.
The magic words in this chapter are “file disputes.” Filing disputes with the credit reporting agencies he says is one way to clean up your credit in a short period of time if you need to apply for a loan or credit card.
There’s several pages of useful tips but this is similar to what you will find in the original Debt Cures book.
There is a lot of common sense advice like check your credit reports and credit scores regularly. You will also learn about the major credit score factors and the impact of a low credit score on your finances.
Kevin spends a couple pages on advice like paying more than than the minimum due each month on your credit cards.
A lot of people would be able to heed that advice if they could afford more than the minimums. People are just struggling to make the minimums or pay it a few days late because they don’t have the cash then they resort to payday loans to make ends meet and it’s a downward spiral from there.
Moving on to chapter 8. New information on the new credit score formula. Have you heard about the new FICO O8 score? FICO 08 is the updated credit score formula that takes into account new scoring factors or gives different weight to previous scoring factors that make up your FICO credit score.
Your credit limit is now more important and the credit card companies are cutting credit limits before the new credit card bill of rights comes into effect so this is good info to have.
Make sure you do not use more than 30% of which you owe on each card.
Do not close old accounts.
Another change is collection accounts under $100. This information will now be disregarded and will not lower your credit score.
There’s useful information in this chapter that can easily pay for the cost of the book.
Chapter 9 is called magic works. This is a short chapter which is basically a rehash of information included in the original Debt Cures book. You will learn about the statute of limitations again. You will learn how to deal with debt collectors. And you’ll learn how to deal with old debts.
This is a longer version of what was in “Debt Cures They Don’t Want You To Know About” about eliminating credit card debt using the statute of limitations.
Chapter 10 is called more magic.
Kevin spends a whole chapter retelling the story about the two magic words in the original book – identity theft.
Since one of the most common things people wanted to know about was the two magic words in Debt Cures, KT spends a lot of time on that taking more phrases and calling them “magic words.”
So with that said let’s continue on to chapter 11: medical magic words.
Kevin offers “magic words” to have an easier time of dealing with insurance companies.
If you don’t ask for something you never stand a chance of getting it. Trudeau says negotiate with your doctor if you’re without Health Insurance and you’re the one paying the bill.
His magic word is: ASK!
This is America and everything is negotiable. Comparison shop your doctors and ASK!
He spends a few more pages talking about how to get cheap or free Health Insurance for you or your kids, COBRA, how to get low cost prescription drugs, companies that offer benefits to part time workers, how to get Health Care through a free clinic, and how to get Medical Financial assistance if you have certain diseases.
So that takes us to chapter 12: credit card magic words where we will pick up next time.
Let me know what you think. Is this book review helpful to you? Share your thoughts and experiences.
Thank you,
Adam
Debt Cures 2 Reviews