2 of 7 people found the following review helpful:
5.0 out of 5 stars
A Book That Has Been Long Overdue, February 15, 2009
This review is from: What You Can Do To Conquer Your Credit And Debt Problems - First Edition (Paperback)
Ranked Number one on
"A Books To Believe In's Top 10 List"
"Top 10 Best "Credit Card Debt" Books"
What You Can Do To Conquer Your Credit And Debt Problems - First Edition
Michael W. Newman
"Dennis Fleming "Author": (New York, NY and St. Louis, MO)
Michael W. Newman has written a book for our times, never more relevant than today. The book is loaded with easy to understand basic information explaining not only how you can fall into debt and credit quicksand and how to get out of it, but how they work. There's plenty of insight into what's going on at the other end of the phone when you receive that dreaded "We will ruin your credit" call.
There are form letters examples of which are in the chapters and in the appendix. You can adapt them to keep creditors at bay until you can work out your strategy to grab that rope and pull yourself out of the financial muck you stepped into. There are forms to correct information in your credit report, communicate bankruptcy, voiding contracts, etc. Everything you need.
This is a good book to study and a good reference to have handy BEFORE you get into financial hell. I found only one piece of advise I would not recommend, but it's minor, a matter of personal choice, and isn't financially important.
The book i easy to read. Don't look for unnecessary jokes and filler. This book gets to the point fast and stays there. I would have liked to have this information some years ago when I was in credit card hell--11 credit cards with $65,000 of debt. I was just keeping my head above water and managed to pay it all off in full. It would have been so much easier had I the fortune to get my hands on Michael's book.
I give "What You Can Do To Conquer Your Credit And Debt Problems" a thumbs up."
"What You Can Do to Conquer Your Credit and Debt Problems by Michael W Newman
By Jesse Schmitt, published Nov 21, 2008
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Drawn up in very big type and laid down, double-spaced, just so you don't mix it up, the book What You Can Do To CONQUER Your Credit and Debt Problems is as much a personal atonement as it is a guide for you, the debt-saddled consumer. Mr. Newman offers his own "golden survival tips;" as well as a host of other useful information for the consumer who can't seem to get out of debt.
Recognition is one of the biggest hindrances to getting to the root of the problem and this is another thing that Mr. Newman addresses right from the get-go. If people can't admit that there is something wrong then there is no way to fix the problem. Also Mr. Newman sets about setting things up in a realistic and logical manner. He has a section on setting up a plan of action, creating attainable goals, following your plan into attack and meeting those goals and moving on.
And that's just in the first chapter! He goes on to talk about things every consumer needs to know about creditors and bill collectors including the two types of creditors and the three types of bill collectors, ways to handle calls you may be getting from them, things you should and should not say to them when dealing with them, and stopping their calls altogether.
Another thing Mr. Newman stresses is the fact that people are able to turn the tables on their bill collectors; just because you are the one being pursued doesn't mean that you don't have a way to make the bill collectors have to do their own due diligence. Moreover there are way to protect your assets from creditors and ways to clear debts without filing bankruptcy.
If it does ultimately turn to that, there are things you should know about bankruptcy and Mr. Newman delves into these facts as well. Answering the questions should I declare bankruptcy, when should I declare bankruptcy, what is the difference between chapter 7 and chapter 13, as well as your attorney's duties when filing these cases.
While these may seem like things which are talked about ad nausea in the news and in other publications, Michael Newman breaks it down for you in way that is easy to understand and quick to follow on the fly. While you want to be able to do so, it may be tougher than you think alone; for this reason What You Can Do To CONQUER Your Credit and Debt Problems is essential reading for anyone plagued by the system."
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