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.