Customer Reviews

The Complete Idiot's Guide to Beating Debt

5 star:		(3)
4 star:		(0)
3 star:		(1)
2 star:		(1)
1 star:		(0)

 

 

If you are at all aware of the credit and debt industry or in any way a responsible adult, this book will not help you out. The most useful piece of information I found in it was a quote from Thomas Jefferson: "Never buy what you do not want because it is cheap; it will never be dear to you."

If you are a responsible person trying to beat debt, this book is too remedial for you. This is a wake up call for people who didn't realize that when you buy something, you have to pay for it by the due date. I have more debt than I should, but I have never paid a late fee, and I keep it all at low interest. When I took the quiz in this book, the results told me, "Your debt issues are not bad and are easily resolvable."

This book is a great tutorial if you want to declare bankruptcy or you have completely stuck your head in the sand for the last 10 years about your credit score. Bankruptcy laws just changed to make it harder, however, so you might need to pick up an updated manual.

If you are a responsible person who wants to get intense about beating debt, then Dave Ramsey's Total Money Makeover is an absolute must-read.

Unlike some of the other posters, I understood how credit worked, but managed to get myself in over my head in college. Like many students, by the time I graduated, I was several thousand dollars in credit card debt.

I read this book about a year out of college while I was on my own, living in a rented 1-bedroom apartment. I had already implemented most of the things this book recommends for getting out of debt and, for me, it was the affirmation I needed to keep going on the right track. Two years out of school, I was credit card debt free (though I still had my student loans so I can't say I was completely debt free).

I have recommended or bought this book for several of my friends who, with the information in it, managed to turn their credit around and learned valuable skills for dealing directly with their creditors. I would highly recommend it to anyone whether you're clueless or not.

This book is really made for someone who's deep in trouble. I think I just have a little "mall" problem. This book is more for someone who has bad credit, is trying to avoid or is going thorugh bankruptcy.

Excellent book! Very easy-to-read. I was clueless as to
how the world of credit actually worked. After reading
this book I felt a sense of relief and came away with
a sense of confidence in my knowledge about credit,
credit repair, credit scores, financial tips and much more.
If your cluesless like I was, this is a definite must read.

You need this book. Anyone can get into trouble with debt. Many people who get into unmanagable debt do so through little or no fault of their own.... They get into trouble because of bad luck--being laid off work, or not having adequate medical insurance coverage when a serious illness strikes, or having a child or family member with expensive needs.

Then the phone calls start--at first, merely embarassing...then later, sometimes, the debt collectors get outright scary and threatening. This book can help you manage all that--teaches you what your rights are and what to do to stop the harrassing and threatening calls.

Buy the book. It's the cheapest therapy I know for someone who needs helps in stopping debtor harrassment.