Debt Cures That I Want You to Know About

A few weeks ago, I wrote about Kevin Trudeau’s new book “Debt Cures they don’t want you to know about.” Of course, in the comments, there were a fair share of people who truly believe that Kevin Trudeau is the snake oil salesman he appears to be. Yet, I still hypothesized that he is the best salesman of our time. For the simple reason that he can sell his products and sell them well.

While I am not the salesman that Kevin is, I’d like to share with you a product that I truly believe in. I first read the book while I was still running my money blog “A Penny Saved” and have been following it’s program since March(2007). In that time, I have gained a confidence in my money that I’ve never had before. I finally feel like I am in control.

I won’t try and sell the product as a cure all program. It’s not a fast track program either. But what it can do for you, if you follow it, is get you out of debt. Completely. You’ll have to work hard and live a lot less “good” than you do now, but the reward is the reduction of debt and the control over your money.

The product in question is Dave Ramsey’s “Total Money Makeover.” Yes, that is a affiliate link. Just because I’m trying to help you out, doesn’t mean I can’t make a little money from it if you decide to follow my advice. I whole-heartedly endorse that book. It’s made some great changes in my money handling and for once I control my money instead of the other way around.

Please take the time to take a look at the book. And consider buying it. I think you’ll be glad you did.

What Constitutes a Debt Cure?

If you ask Kevin Trudeau, a “Debt Cure” (especially a Debt Cure he wants you to know about), is merely a collection of information designed to help you rid yourself of debt.  Perhaps that is true.  But what information and at what pace?

Trudeau’s book talks about legalities and ways to get the companies to either completely write-off your debt, or significantly decrease the balance.  Sounds nice, and it might get rid of your debt faster, but in the end, it only leads to more debt.  Making those agreements with your creditors gets reported to the credit bureaus and can have a rather severe affect on your credit score.  And if you get the easy way out, your much more likely to get yourself right back in that problem.

So, what exactly is a debt cure then?  In a previous post, I suggest reading the book “Total Money Makeover” by Dave Ramsey.  I still suggest that, as it is still the foremost book in legally and responsibly getting yourself out of debt.  And I have to think that the odds of recurrence are much smaller after having gone through Dave’s TMMO than following the advice of  Kevin Trudeau.

The only way to truly cure debt is to properly educate yourself on the way that personal finance works and take positive action towards your personal finance goals.  Taking responsibility for the debt that you’ve incurred is a good step, but you also have to formulate a plan for paying it off and keeping it off.

If you’re interested in learning more about personal finance, I write at another site called Beating Broke and you’re welcome to stop by and read for a while.  I’ve also written a Free guide to your credit score and how it works that you can get at Beating Broke.  Please come take a look and begin your journey to being debt responsible.