Thursday, November 22, 2007

Scammer Kevin Trudeau at it again

Finally Kevin Trudeau picks a subject that he can probably keep himself out of trouble with since it's NOT health related. The book "Natural Cures they don't want you to know about", a total sham and lie of a book, was followed by "The Weight Loss Cure They Don’t Want You to Know About" which I didn't bother to read because it had scam written all over it, and sure enough it got him more trouble with the FTC AGAIN. Both were health related, and it's far too easy to cross the line by making health claims, which Kevin is infamous for.

So this time he's chosen "debt" and money for his new book "Debt Cures They Don’t Want You To Know About". Now I am NOT going to buy this over priced book ($29.95 plus $11.95 in shipping) which includes a couple of "bonuses" (he is after all a master marketer... I'll give him that), because there are MUCH better sources for the same information.

One of the tag lines on his site is "Kevin is blowing the lid off the banking and credit card industry". Well, since you can't get into legal trouble pointing out just how greedy these industries are, and how easy it is to get into debt, this is actually a legitimate topic for him to attack. However, there are so many great books, advisers and advice already, the last person you should send $40 to is Kevin Trudeau.

Here's some simple debt cures:
- stop shopping for stuff you don't need
- rip up your credit cards
- call your credit card companies and demand lower rates - don't accept "no"
- create a budget and track every dollar you spend, then find things to cut out (like that $4 coffee when you can make a cup for pennies at home)
- improve your credit score.

If you've never tried to improve your score before, there are probably some really easy and simple things you can do. To start, order your free credit report at www.annualcreditreport.com. It's a virtual guarantee there will be numerous errors on your report, like other people's names and addresses. Get online and on the phone with each of the 3 credit agencies and start cleaning up all errors. Late payments and collections are much harder to clean up, but even more important. There's plenty of free advice on how to do this... like this article.

Cleaning up credit will make it MUCH easier to get the credit card companies to lower your rates. But don't wait to call your credit card companies. But the higher your score, the lower interest rates on car loans, credit cards and mortgages. it's probably the single most important financial thing you can do. Get your score as far over 700 as possible.

Finally - don't waste $40 on any Kevin Trudeau product when there is probably superior information, from more trusted sources, for less money. If you're in financial trouble, find a trust worthy adviser, and Kevin Trudeau is anything but trustworthy.