Part 5 of my review of Kevin Trudeau’s book, “Debt Cures “They” Don’t Want You to Know” examines Chapter 6 of the book–”Fighting Back”. 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.
This chapter is similar to Chapters 1-3 in that, once the reader gets past the horrific/inspiring examples of credit gone bad/put right, that the information presented is clear concise and entertaining. Trudeau explains what information is on a credit report and that lenders will consider your credit “score” in making a credit worthiness decision. He explains that the credit report is confidential and that the three credit reporting agencies are not supposed to provide your report without a legitimate reason.
What is important is that Trudeau discusses the impact that a bad credit score will have on one’s future ability to get credit at a reasonable rate. He points the reader to a Jeffrey Strain article at www.thestreet.com where Mr. Strain explains that poor credit can cost a person $1 Million (in higher interest on, for example, a house).
Again, none of this information is new; however, Trudeau pulls it together in an entertaining way and his words strive to get the reader excited about the opportunity to either improve their credit score or “fight back” against the industry (there is a theme that I have noticed developing over the previous chapters: “us vs. them, the bad credit industry backed by the government”).
- Part 1 of my review examines the first three chapters of Kevin Trudeau’s book, “Debt Cures “They” Don’t Want You to Know. (gets an “okay” rating)
- Part 2 of my review dissects Chapter 4 of the book (gets a warning of “Get legal advice from a lawyer in your own state”).
- Part 3 of my review deals with Chapter 5 of the book (gets a warning of “Get legal advice before following Trudeau’s advice”)
- Part 4 of my review examines Chapter 6 over at our sister site, Credit Law Network, as Trudeau discusses how to “cut” your credit card rate. (gets a “doesn’t hurt to try it; don’t expect it”).
