Debt Cures – Kevin Trudeau Strikes Again
February 17th, 2008
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Kevin Trudeau has been written about on this site more than a few times, generally regarding his pushing of “Natural Cures” books or other products which claim to be able to cure everything that ales you with simple remedies that the big pharma/government conspirators are keeping you from finding out about. Of course, this is not really the case and Trudeau is a known conman who has spent time in prison and been prosecuted by the FTC in the US and perused by a number of other governments.
Now he has a new scheme he’s been putting out: Debt Cures. Yes, he claims to have inside knowledge on how to “cure” all the debt anyone might have accumulated on credit cards, bank loans and so on. The claim he makes is that he has inside knowledge of things which the banks don’t want you to know about (sound familiar?) and that if you buy his book you can get all the bills and debt to go away”POOF.” Sounds like a pretty good deal. You would be free to spend as much money as you want from your credit card and then use his magic words or whatever other secret he has to make it all vanish.
You have a few options and they’re as simple as they are uninspiring:
1. Pay it off. This is really the only way to “cure” the debt. If you have the money you can do this. Otherwise, well you’re going to have to work and use your wages to. It might take a while though.
2. Refinance. This does not actually eliminate the debt and “debt consolidation” may not always be all it’s cracked up to be. However, if you have a lot of credit cards or bills which are overdue and are charging you penalties, it could be an improvement. A loan with managable payments and reasonable interest is preferable to being hit monthly with overdraft fees, penalties, credit card interest and so on.
3. Try to settle or negotiate. This seems to be what Trudeau is saying you can do to “cure” your debt. But unfortunately it can’t “cure” things. You can get a consultant or a lawyer who specializes in this sort of thing and try to get your creditors to agree to a payment plan or agree to write-off some of the penalties. It’s not a magic bullet though. You could declare bankruptcy, and that might eliminate some of it, but there will likely be a settlement and you can have court-imposed garnishments, assets liquidated and other unpleasant things like that. You really can’t do this yourself and it’s not going to actually eliminate having to pay your creditors back.
That’s about it. If you’re in severe debt, you’ll have to deal with it and the options don’t involve any magic cures. Hopefully not as many individuals will fall for this scheme as have for some of Trudeau’s past lies.
This entry was posted on Sunday, February 17th, 2008 at 12:06 pm and is filed under Bad Science, Culture, Politics, Quackery. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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February 17th, 2008 at 12:11 pm
What is most shameful is hearing him say how minorities, low-income, african americans etc are the ones being victimized and unfairly persued by credit card companies and he is going to help. He makes himself out to be some kind of a crusader for the poor, discriminated and disadvantaged. It’s such bull to see this criminal stand there and act like he’s the hero of those groups. Rich white guy who never made an honest dime in his life!
If he did actually care he could just tell everyone instead of trying to sell his idiotic book to the disadvantaged who can hardly afford it! It’s not like he needs the damn money. He’s already scammed enough to be comfortable for the rest of his life.
This ass abuses the protection on freedom of speech to stand up and lie and defraud. Freedom of speech does not protect outright fraud and false advertising. He belongs in prison and I’d like to see him put away for a long time because every time he’s gotten a couple years he will come out and go right back to the same thing. Hopefully a judge will realize that it is not going to work with him and throw the book at the bastard.
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February 17th, 2008 at 12:17 pm
But but…. all of your “solutions” are hard and or not fun. I want my free lunch!
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February 17th, 2008 at 12:22 pm
There is no free lunch! Well, actually sometimes you can get a lunch without paying for it, but you usually have to sit through a time-share marketing lecture or something.
Keep your eyes open though. One time I went to the mall and found out that they were having a radio promotion of some kind. I got a donut for free. I got a bumper sticker too. They were all out of bagels.
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February 17th, 2008 at 12:56 pm
Your options for getting out of debt are limited to how you plan on paying it back. You can pay it. You can try to setup a loan to pay it over time. You can negotiate a way of paying it.
I think many don’t understand that. There is bankruptcy but it’s not a pleasant thing and you end up having to give up anything you have to your creditors and start over. Yes, you can negotiate lower interest and they might resolve some fees, but they’re not going to just write it off like that. It sucks. So think about that before you get into debt.
If it were as simple as the jackass makes it out to be there’d be no point in ever working. Just charge and then make the charges “go away”
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February 17th, 2008 at 12:59 pm
Of course the unfortunate thing here is that fools who lack the foresight to stay out of credit-card debt, are the type that may just buy into the idea that it can be made to disappear without paying it.
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February 17th, 2008 at 1:36 pm
I have found myself in debt before and I do not think it’s just that I am a fool. I ended up not being able to pay some bills due to my work situation not being what I had expected. I was then put in a situation where I had some expenses that I simply could not put off and I had some family and education issues as well. Things compound, fees build up. Yes, it sucks. Yes, it was my fault, at least partially but It wasn’t simply being irresponsible. Stuff happens in life.
But I want to make a point that I did not consider it to be the fault of the credit card or the phone company. I closed a couple cards and talked to the collection people for the cards and arranged for a payment plan. They waved the fees and just charged base interest until I could pay it back. I paid back what I had to pay right away and what was overdue by borrowing money from a couple of family members. I didn’t want to do it, but I wrote up a contract for payback and we agreed to how it would be worked out. If I couldn’t do that I would have needed a loan from a bank.
So I paid off the immediate stuff with that it totaled about 4 thousand. I also paid off the smaller debts with my wages and I ended up closing the bigger ones and moving it to financing when I got a car. So I ended up carrying the debt on that. I paid back my family members within about two years. Looking back maybe I should have just taken a loan because it was asking a lot from them to lend that much.
Technically I am still in debt, in that I have my car only about half paid and it will be about two more years before I’m done with that. Also, I used the car financing as a chance to refinance, since it’s a better deal through the secured loan on the car.
Call me a fool if you will. I got in too far and I got my way (mostly) out. I pretty much just had to do it the old fashioned way.
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February 17th, 2008 at 1:43 pm
I’ve had problems with cards going past what I should have too. The stuff about the card companies being evil is crap. They just want their money and it is their money. They don’t thrive on being big bastard.
If you don’t resist the collection they aren’t out to destroy your life. They called and you know what I said? “I’m sorry I don’t have the money to pay that.”
They don’t come take your house. I had to go on a payment plan and it might have hurt my credit rating but I don’t think it was unfair. They even waved the fees but I still had to pay compounded interest. It’s their money though. I went out and spent money and charged it to the bank. So I didn’t have enough to pay it back? my fault for not staying within the bounds. I don’t see why it would be their responsibility to absorbe it.
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February 17th, 2008 at 1:44 pm
I have sympathy for those who went too far, even if it is their fault. But this guy is just a scam artist. I have no sympathy for him.
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February 17th, 2008 at 2:12 pm
There are circumstances where anyone may assume debt legitimately, even with credit-cards, but these should be rare events in anyones life. And yes we were all young once and needed to have our fingers burnt in the fire to learn the risks of easy credit. I was not referring to those. However there is a growing class of people living on credit as a lifestyle, whose attitude is: ‘everything is cool as long as I can make the monthly minimums’ and they are fools of a very different sort.
Generally someone that has overextended due to circumstances beyond their control, are good risks for debt consolidation. Paying bank rates on an unsecured personal loan is better than credit card rates by an order of magnitude in some instances. But those that consistently mismanage their personal finances are fools, and the type that parasites like Kevin Trudeau take advantage of.
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February 17th, 2008 at 2:35 pm
In the case of those who do not take responsibility and rack up debt unnecessarily and without concern for the fact that it will come back to bite them, then they really should be burned and they will be burned.
Okay, you’re young and you overextended yourself or you had bad luck, a health problem, lost your job or whatever. For those people, I feel sympathy. I think that it’s still their responsibility to dig out though. But it’s understandable.
You don’t get a million second chances though. If you keep doing it again and again you’re going to be stuck with debt and you’ll either have to fess up or you won’t ever get out and be paying it off the rest of your life and end up poor in your old age and working at walmart.
If you are that kind of fool, then this book will do nothing but reenforce your idiotic fantasy until it comes crashing down which it will.
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February 17th, 2008 at 10:51 pm
This blog is authored by an admitted nuclear supporter. I would not trust anything you read on here. You should not trust anyone who is admittedly so horrible and dishonest and cares only about there own gane and not the earth or other people.
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February 17th, 2008 at 11:06 pm
Troll
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February 17th, 2008 at 11:11 pm
Jeffor: If you are going to be a flamer or a troll, can you at least try to be a little less obvious about it? You win no supporters and look like a complete idiot. If the anti-nuclear side is represented by you then I don’t think they will be very convincing to anyone.
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February 17th, 2008 at 11:17 pm
I’ll bet this book is like his last one. Just a lot of fluff and obvious bull. It might say stuff like “you can get a lower interest loan” And then pages and pages of other useless obvious info with fluff between.
he knows how to sell people a big box full of nothin’ The fact that his customers are morons doesn’t mean I grant this worm any kind of immunity. he is still a conman.
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March 31st, 2008 at 6:24 pm
The Debt Cures book http:www.debtcures.com is actually full of decent material you won’t find in other get out of debt type books. While some of it is fluff, he also shares practical solutions to getting out of debt, with actual thigs to say on the phone, rather than just saying call up your creditors and negotiate as many other books say do to. He’s got a new video up on youtube…kind of interesting. http://www.youtube.com/watch?v=0bGjYAL2Jds
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March 31st, 2008 at 6:38 pm
Gee, Thanks “John.”
You must think we are some kind of stupid Trudeau, you slimey little fraud.
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October 12th, 2009 at 12:29 pm
I like your post. No matter what amount of debt a person has, willingness to retire is the first step
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November 1st, 2009 at 8:01 pm
I have a lot of sympathy for those who find themselves in a situation where health and employment issues have caused them to fall behind. Years ago I cut up all my credit cards, paid off about 30 grand and never looked back. Trudeau is a convicted con artist and why any sane person would take advice from a sociopath like Trudeau is beyond me. Put simply Trudeau has no degree in economics, medicine or any other field he claims to be an ‘expert’ in. ANYTHING even remotely connected with Trudeau is a scam! I would love to see this guy in prison but even then he would probably qrite another book ‘Prison Sex Techniques ‘They’ Don’t Want You to Know About’!
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November 2nd, 2009 at 1:18 am
j davis said:
Yeah, not everyone whyo has a debt problem is in the situation because of recklessness and those who are in debt have my sympathy. There are those who can help you if you’re in debt. There are non-profit debt counciling places, there are debt consolidation and management companies, there are lawyers etc etc. They can’t give you a free ride, but they can at least help manage it.
Trudue is none of the above. He offers a solution that promises to eliminate debt without having to pay it. That’s bull. It’s pure snakeoil. There is no magic formula to get rid of debt other than pay it off or file for bankruptcy, which has its own concequences and issues.
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June 10th, 2010 at 6:10 am
Beware of amazing claims promisingyou to repair your credit, extinguish your credit card debt, pay off your mortgage 20 years early (without any extra cash), or any other scheme that can perform miraclesfor your financial situation. I will provide these tips for free. If you pay more than the minimum payments on your credit cards and do not buy any more items with those credit cards you will eventually extinguish your debt. Paying your mortgage before the due date each month and paying about 10% more will pay off your mortgage early. If you want to repair your credit be responsible, do not pay late, pay more than the monthly minimum, and do not maintain high credit card balances ( close to30% of your total available credit or less is a good number). Also, request your credit report, challenge any incorrect items, and pay off any items that you can. Also, using credit responsibly will go a long way to rebuilding damaged credit or establishing new credit. And the easiest thing you can do that will help your financial situation is DO NOT WASTE YOUR MONEY ON KEVIN TRUDEAU’S BOOK. Google search his name and you will be surprised at the astoundingamount of legal actions and complaints against him. Use the money you would have spent on his book and order up a credit report, or if you have not requested one this year, you are entitled to a free report from each credit agency.
GM
Debt Consolidations
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January 11th, 2011 at 3:14 am
hi,
I have a lot of sympathy for those who find themselves in a situation where health and employment issues have caused them to fall behind.
http://www.debtadviceni.com
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March 6th, 2011 at 8:05 pm
Now this guy has this crazy GIN (Global Information Network) b.s. that he’s peddling out there with all kinds of outrageous claims and is . I saw this interview (link below) on Trudeau and he definitely looks like the classic sociopathic liar.
http://www.youtube.com/watch?v=YN5ihrECJms
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