Reader's Reviews
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This is not a bad credit / debt book. The only problem with it is that I wish the book went into more depth about credit hell. I would certainly not use this book as your only source of advice if you are in credit hell, and need advice, but I would use it as a source to start with. I would still reccomend this book.
***
I was in debt hell. I was barely paying my minimum payments and asking family for help with my credit cards almost every other month. At first, they were understanding but after a while, they put their foot down and told me that they weren't going to help me anymore. I didn't know what to do. Then my brother handed me his copy of Credit Hell: How to Dig Out of Debt.
I admit. At first, I was pretty skeptical about reading it. I didn't want it to be another lecture on how I screwed up. But it wasn't like that. The book actually made me put my situation into perspective and realize that I didn't have to live this way. What's more, it gave me step by step instructions on how to get myself out of debt.
I'm still in the trenches...working my way out of debt, but at least now I have a better idea on how to get out of there. And I have something that I didn't have before, hope.
This book changed my life. I know, it sounds pretty corny but it's true. It's been key to getting my life back on track.
***
I have been hit hard by the economic downturn. My income has declined and so then my credit card balances grew as I used credit to supplement my income. I was on a road to financial ruin and my family felt it. I confided in my family as to my financial issues and my niece recommended this book.
Credit Hell helped me get back to reality and helped me sort through my financial issues. It aided me in creating a sensible budget that I felt I could stick to and I was able to change it as my needs changed with the guidance I had been given.
Credit card issuers have you by the neck when your debt spirals out of control and when you ask for a reprieve they tighten the noose. I now know how to deal with my creditors to my advantage and pay down my debt. Credit hell walked me through the process.
I recommend this book as a great "how to" - it has helped me greatly and I hope it helps you as well!
***
This book was very helpful to me. It was recommended by a friend who knew I was dealing with $30,000 worth of debt and did not know where to turn. The book enlighten me to where I went wrong and how I got myself into this mess... but it did provide me with hope - reading the other stories in the book, made me see I was not the only one dealing with horrible, overwhelming debt!
One of the most helpful chapters is the How to Build Your Credit as well as the info on the FICO scores and what is critical to your credit future. Perhaps I am a novice and this book explained how credit works when no one else did...
***
This is basically a rehash of the CCCS party line - absolutely NOTHING new or original in here. NOTHING about debt negotiation - reducing the principal balance, the money actually owed, not just payments or interest rates. Easy to read, a fine primer for someone who knows nothing about this stuff and is in debt trouble for the first time, but useless to someone who is fighting for his financial life against debt collection lawyers.
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