Debt Cure Book

Posted by admin in Books on 03 22nd, 2009 | no responses

Following the economic recession, the world has woken up to hoards of debt cure books, which allegedly unravels the magic path to getting out of debt. Of the ones available in the market, the one which has set the stands on fire is the book written by Trudeau, a recognizable entity in the world of infomercials. This particular debt cure book goes by the name of "Debt Cures 'They' Don't Want You to Know About," and the author has used his marketing skill to promote this book and make the right noise about it.

According to Trudeau’s debt cure book, it is not the fault of investors that they find themselves in debt; it's the fault of the big banks that gave the credit to begin with. According to the infomercial giant, people don't cause the debts, the banks do.

Now for those people, who takes this advice and concept seriously, it is good to know at the very onset that the Debt Cures book costs quite a packet. The book comes at the price of $29.95 plus $11.95 for shipping and handling. But there is a brighter side of the story; if you buy the book, you will also get a whole lot of other goods and services, and there is also the offer to subscribe for the monthly Debt Cures newsletter. Most people who have called to buy this book have found them in more debt than before, because by the time they are done with the purchase, they are hounded by offers and add- ons, which can amount to anything in the vicinity of two hundred and fifty dollars.
However, if the buyer is able to survive the initial onslaught, then the debt cure book can actually offer certain important and relevant tips, which might help people to deal with their debts. But all said and done, there is no easy "cures" for debt problems. Truth be told, almost all the information in the book, is readily available in personal finance columns. These you can find online or in books that are easily available in the local library.
Also, some of Trudeau's ‘cures’ have reached their ‘expiry date’. The first concept which takes the hit is the suggestion for rebuilding credit, which involves a person having good credit score who backs someone with a bad credit score. The ‘piggybacker’ does not have to use the card, but gets all the benefits of regular payments, due to the vouching provided by the good creditor. This is where the problem lies. The credit-scoring industry pretty much got wiped out in September and thus the concept of piggy backing doesn’t work at all.
Trudeau doesn’t tread down the road of more action than words. Quite contrary to that, he is quite ostentatious in his claims; calling himself the "messiah" for consumers.
This is a claim which is a little hard to digest as this "messiah" has been banned by the Federal Trade Commission "from appearing in, producing future infomercials that advertise products, services, or programs to the public, except for truthful infomercials for informational publications." Anyhow, the debt cure book has indeed been a hot subject lately!