Finance Wanted.

By Adam Tijerina

Lately, you can turn on the TV late at night and see an infomercial for a new get out of debt book called Debt Cures. On the infomercial, Kevin Trudeau makes some pretty big claims about how to reduce or eliminate your debt, how to cut your credit card payments in half and how to correct your credit with two magic words. It almost sounds too good to be true. This article will take a look at some of the books designed to help you with your debt problems.

Millions of people are in debt and the problem is getting worse as the economy sinks into a recession. People are getting laid off and with no income to pay their mortgage payments, they sometimes lose their houses. What a perfect time to start selling a book that promises to get people out of debt almost overnight.

Just like with losing weight though, there is no quick fix or diet pill that will make you instantly lose 20 pounds in a week. The same idea applies with getting out of debt. It will take hard work, discipline and sacrifice to lose weight just as it will for reducing your credit card debt.

All that being said, I have used the ideas in Debt Cures and The Total Money Makeover to get rid of almost $3,000 of debt in just two months. I have also managed to save up $1,000 in a emergency fund to help with those rainy days that the car breaks down or the kids have a big doctor bill.

Most debt books say the same thing, the only thing you have to decide is which method you want to follow. Dave Ramsey in The Total Money Makeover advocates using a debt snowball to pay down your debts. This method makes you pay off the lowest balance credit card first instead of the highest balance or highest interest rate. There are several personal finance authors who say to pay off the highest balance or highest interest rate first.

I chose the lowest balance first since I get to see results faster and stay motivated. And I am just a few short months away from finally getting my Discover Card paid off.

Debt Cures can help you if you are way behind on your payments. You can try and negotiate your debts down or if you are a few years behind, you can find out of the debt has passed the statute of limitations where you are no longer required to pay it off at all. These two ways can help you reduce some of your outstanding debts.

In conclusion, I would have to say that no, personal finance books that have sound principles are not a scam. The thing to remember is that the book will not do all the work for you. It is just a tool. You have to pick it up and actually use it for any book to work.

Get more help with lowering your debts at Get out of debt books - http://www.getoutofdebtbooks.com