Debt Cures 2 Book Review Part 5
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Today will pick up on chapter 16 of Kevin Trudeau’s Debt Cures 2 which is being heavily advertised on late-night infomercials. Having unemployment at 10% doesn’t help.
Chapter 16 is called smart plays. It talks about how to be smarter at avoiding fees. This is good advice that can save you a few dollars and a lot of frustration.
He spent some time talking about overdraft charges but there’s some good news on this front as the government has stepped in and eliminated most of the bank’s ability to charge you overdraft fees unless you specifically opt in.
He then gives some sites to help find good credit cards with low fees, student credit cards, and credit cards if you have bad credit or if you want to establish credit.
He gives you a credit score range and depending on if you have excellent, good, fair, poor, or bad credit which kind of credit cards you can qualify for.
Chapter 17 is entitled foreclosures.
Kevin Trudeau said some banks lent money for homes without verifying the borrower’s income. If it seems too good to be true it probably is.
Now you get some foreclosure magic words. These magic words may give you time to pay on your mortgage and help you save your home.
He offers advice to save your home. Advice on if you should even save your home in the first place. He gives a little bit of information of how a foreclosure can affect your credit and for how long.
He spends a lot of the chapter complaining about the mortgage companies and the lenders who got us into this big financial mess in the first place.
Chapter 18 is a little more interesting as it offers information on making money from foreclosures.
He offers tips to help you profit from low-priced homes.
Again he goes off on a rant for a few pages with no practical information to put to good use.
But he does give some practical information to save you money and headaches when trying to make money with foreclosures.
In my personal experience, I have purchased a HUD home so there are deals out there just make sure to do your homework. Do not get emotionally attached to a home in overbid. I made this mistake and it cost me a few extra thousand dollars that I could’ve saved by bidding too high.
This chapter is a good introduction to foreclosures you would have to learn a lot more but this gives you an idea of what you’d have to go through if you wanted to pursue making money with foreclosures.
Chapter 19 is called make money from your home.
Three ways he talks about — pay more often on your mortgage, refinance, or renegotiate/loan modification.
Loan modification can cut your monthly mortgage payments by 40 to 60% in some cases.
Mortgage loan modification can be the lifeline to save your home, your credit, and your sanity.
Information in this chapter will more than pay for the cost of this book. If you needed a reason to buy Debt Cures 2, this one chapter alone will be more than worth it.
Moving on to chapter 20, make money from your home part two.
Kevin Trudeau offers creative ideas to make more money working from your home.
This is similar to the foreclosure chapter in that you get ideas to help you make money but not the exact step-by-step information you need. But this is just enough to get you interested in finding more details online.
He offers a few tips on how to make residual income, one of my personal favorite topics. And also about network marketing or multilevel marketing.
He offers the top 25 home-based businesses you can start.
And then he talks about getting business credit with a $1 million line of credit and saying it is a pot of gold at the end of the rainbow. But I don’t think this information needs to be included because this is probably the reason you are looking to buy Debt Cures II in the first place because you have to much debt.
I’ll stop this review of the latest Debt Cures 2 book right here and finish the rest of the review in the next post.
Overall I would recommend this book to anyone trying to get out of credit card debt. There is a lot of useful information once you get past the fluff and ranting and raving Kevin Trudeau is famous for.
The new infomercials show a price of $19.95 plus shipping and handling and I would recommend you order it online instead of ordering it over the phone so you can be sure what you’re getting and make sure you only get charged for the book and no extras or monthly fees like for his monthly Debt Cures newsletter.
Order here:
https://www.debtcures2.com/
Thank you for reading.
Your comments and feedback is always welcome.
Have a great day,
-Adam
Debt Cures 2 Reviews