Debt Cures II Book Review Part 4: Credit Card Magic Words

Hello –

Today, I will continue money book review of Kevin Trudeau’s latest offering in “Debt Cures They Really Don’t Want You to Know About.” I’ve been going chapter by chapter offering a short review and saying what’s good and bad about what Kevin is saying in each chapter.

We left off on chapter 12 which is called credit card magic words. This chapter has more information about negotiating with your creditors. He says you need to make demands instead of just politely asking for a fee to be removed. They make billions of dollars a year in fees because we are not watching our credit card statements closely enough and calling to get them removed when we notice them.

Kevin offers a seven magic word sentence to possibly save you thousands on many transactions that come up every year. So what are the credit card magic words? You’ll have to buy the book.

Just kidding.

“Is that the best you can do?”

He also offers “would you be willing?”

Never be afraid of asking your creditor for something. Either to remove a late fee, lower your interest rate, give you another month to pay, delete something from your account, or taking a lower payment.

If you don’t get the answer you want callback another day and chances are you just might. And that’ll save you almost $40 right there.

Chapter 13: $10,000 right away.

KT gives you 10 ways to $10,000 in 24 hours or less.

He has a dozen or so ideas about how to raise money quickly. There is no actual how to do it step-by-step but just the main idea. There are dozens of other books that can help you with the step-by-step information.

Some of the ways include selling on eBay, selling your car, using craigslist, and selling your unwanted or broken jewelry or gold for cash.

Chapter 14: credit schmedit.

In this chapter he talks about the new credit regulations and how they benefit consumers.

He also gives us more stories about how the credit card companies can take advantage of us and raise our interest rates for no reason whatsoever.

There’s also an interesting story he mentions, a bankruptcy study done by Elizabeth Warren.

Here’s a quote:

“(The study) suggests that people who fall into serious debt tend to do so because of a harsh roll of the dice — job loss, illness, divorce — and not profilgate spending.”

People are using credit just to get by. I did this when my kids were young. I charged groceries because I didn’t earn enough to pay all the bills.

So you may be deep in credit card debt through no fault of your own but that does not stop the credit card companies from kicking you when you are down, raising your interest rates, and charging outrageous late fees and over limit fees.

You can use the information in this new Debt Cures book to help you fight back against your creditors.

Chapter 15: ways to pay.

In this chapter you will find different methods of paying off your credit card debt. Some of the methods covered include starting with the highest balance, a different version of the debt snowball, debt negotiation and settlement, and using your home equity.

This information is very similar to what’s covered in the original Debt Cures book.

Debt settlement and debt negotiation can be very effective at reducing and eliminating your unsecured credit card debt the best part is you can do it all by yourself and not use a debt settlement company.

In a matter of 6 to 18 months you could get rid of all your credit card debt and pay as little as 20% of the outstanding balance to get it settled.

There are several books and courses that teach you how to do it yourself debt settlement but the best one I have found is called Zipdebt. You can also get personal coaching to walk you through the entire process of settling your credit card debts.

We’ll end this part of the review of Debt Cures and start up next time on chapter 16.

Let me know what you think,

-Adam

Debt Cures 2 Reviews

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