April 2009

30 Apr Debt Cures: Does Kevin Trudeau Make Money or Sense? Part 16: Rebuilding Credit

Part 16 of my review of Kevin Trudeau's book, Debt Cures They Don't Want You to Know examines Chapter 22: Rebuilding Credit. The purpose of the review is to examine whether Trudeau, who has had extensive involvement with credit card fraud and the Federal Trade Commission for some of his previous books, makes any sense in this latest self-help promotion or is he making money selling empty promises? Mr. Trudeau starts Chapter 22 with a "you're on the home stretch" chat with the reader. Trudeau states that he has provided many techniques to the read to get out of debt and that the reader now needs to believe that there is some "good" debt and leave the "bad" debt behind. He congratulates the reader on the self-education attained through reading and applying the principles in Debt Cures and that now the reader is ready to rebuild credit. One of the suggestions for improving your credit that Trudeau makes is use a new version of the "piggy-back" (to have a friend/family member add your name to their account and then your credit improves because of their good standing)--to have a friend/family member co-sign a credit application for you. This can be a good thing if both sides trust each other completely.
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30 Apr Debt Cures: Does Kevin Trudeau Make Money or Sense? Part 15B: The Scary Part

Part 15 of my review of Kevin Trudeau's book, Debt Cures They Don't Want You to Know examines Chapter 20: Stop Debt Collectors Cold. The purpose of the review is to examine whether Trudeau, who has had extensive involvement with credit card fraud and the Federal Trade Commission for some of his previous books, makes any sense in this latest self-help promotion or is he making money selling empty promises? At the end of Part 15, I concluded that Mr. Trudeau's chapter on stopping debt collectors had partial really good information which he then negated by repeating bad advice from earlier in his book. I ended by advising that following his advice without getting your own legal advice was scary. Ending on a negative note was rare enough that I thought I should explain further.
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