Debt Cures, a book by Kevin Trudeau

‘Debt Cures They Don’t Want You To Know About’ is a book by Kevin Trudeau, published May 2008, which claims to blow the lid off the finance industry and offer debt elimination advice. This is a follow up to his 2007 book, ‘Natural Cures They Don’t Want You To Know About’ which exposed the pharmaceutical industry and medical practitioners for covering up the fact that there are simple natural treatments for many conditions that are just as effective as prescription drugs, but ‘they’ (the medical establishment) are constantly pushing us into becoming dependent on pharmaceutical company products.

‘Debt Cures’ follows the same kind of pattern in claiming that the banks and other finance institutions are virtually ganging together in a conspiracy to push the population deeper and deeper into debt so that they can make money from all of the interest that we owe.

Our belief system

This is an attractive idea for many people who are in debt because it takes the blame firmly away from our shoulders and lays it on the credit card and loan companies. It’s not your fault – you were virtually forced into the spiral of debt that you find yourself in. That is Kevin Trudeau’s argument, anyway.

We grow up accepting that it is normal, natural and even wise to be in debt. Perhaps in some cases, it is. Take mortgages for example. Your parents and grandparents may have warned you about living within your means, but did they ever suggest you shouldn’t take out a mortgage because you would be getting into debt? I doubt it.

For most people, a mortgage is a very good financial proposition. It often works out cheaper than paying rent, at least after the first few years, and at the end of the time you own the house. It’s almost a no brainer, if you have the salary to afford it.

When is it an asset?

The problem is that most of us do not understand the difference between taking out a loan to buy an asset that will increase in value, like a house or perhaps a business, and getting credit for things that will never again be worth what we paid for them. That includes cars, furniture and all the little things that we put on our credit cards.

When you get into debt, banks will offer you more cards and loans until the point where it becomes almost impossible for you to ever pay them off. Then they will pull the rug out from under your feet. No more loans, your credit cards suddenly don’t work, and the credit score system makes sure that all of the other finance companies instantly know that you are a bad risk. That’s where the conspiracy idea comes in.

Summary

In the end, we could say that it doesn’t really matter who is at fault for all this. If we are in debt, then nobody is going to help us get out. That’s for sure. At least, not unless we actually pay them for their expert counsel.

Unfortunately, ‘Debt Cures’ is surprisingly general in nature and does not offer enough specific advice. It might give you some good hints for ways to reduce your debt, and he does mention some helpful website addresses. However, most people who have reviewed this book on Amazon apparently did not seem to feel that Mr. Trudeau’s advice was worth the price of admission.

Technorati Tags: Debt Issues, Reviews