Cover Image: Debt Cleanse

Debt Cleanse

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Member Reviews

I received this book from NetGalley and the publisher in exchange of an honest review. I have read a variety of financial literacy and finance books throughout the years. I also have listened to many podcasts , attended webinars and done my own research on money matters. I say all that to say that this book is a great way to learn about money. I love that there were step by step plans and this book is great changing mindset.
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Good book to help with debt. Thanks to Netgalley, the author and the publisher for the arc of this book in return for my review. Receiving the book in this manner had no bearing on my review.
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Thanks to the publisher for a copy to read and give my honest opinion.

  Debt Cleanse is an honest approach to one mans dealing with debtors with substantial debts. Debt collectors are tenacious and this book gives you some helpful hints at getting through to them.

   What did I like? This book was more directed toward people dealing with litigation and aggressive debt collectors, but I read between the lines on most chapters. Basic idea is to just close out the debt and to debt no more. Cash is the best way to go and quit living outside your cash flow.

   Would I buy this book/recommend? It’s a much more aggressive style than I have usually seen in most debt books. If your more tenacious than debt collectors than you will enjoy its rewards.

   Thoughts for the author? You sir are a pit bull. I’m astounded as to some of the lengths you go to but in all honesty you are not wrong.
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Debt Cleanse is an interesting read. There is some good information contained in this book regarding debt. Income inequality plays a big part in today’s debt, as well as the thought process of buy now, pay later. Management of income is not something that is currently taught in most schools so the knowledge has to come from somewhere else. For many young adults, they have learned this from their parents, good or bad. My biggest issue with the book is the attitude that a person should not take responsibility for the debt he or she has incurred but should instead use methods described in the book to settle or maybe avoid the debt. I believe that there is something to be learned from this book. However, I don’t know is most of the methods described in the book will work for the average consumer. Thank you to NetGalley, the author and publisher for the opportunity to review this book.
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There were some good tips in this book and some things I learned.

But I really did not care for the embrace your bad credit score approach of your credit basically being nothing.

When we live in a country that basically runs on credit. 

Trying to get an apartment- check credit = difficultly finding a place to live.

Some jobs even look at credit reports when working with a company where you would be dealing with money, which can affect you finding a job.

As someone who is struggling with debt currently I overall for the most part found this book unhelpful.
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Honest and in-depth advice for reaching your full potential.  This advice is presented in easy to follow language that can be broken up and applied in pieces at a time.
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I'm in the UK and started reading this book only to find the first piece of info is for a US only site. I was also cautious of using the info word for word as the laws in the US may be similar to the UK but we have a different system so I'm afraid if getting caught out. 
That said there are some great principles in here and the logic still stands. With a bit of planning I'll be able to apply this to the UK. With that in mind, if you're willing to research and adapt it's a great resource.
Thank you!
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Debt Cleanse is a informational guide for reducing or eliminating debt and avoiding abusive debt collection. Released in 2016, it's 418 pages and available in paperback, audio, and ebook formats.

This is an exhaustive, well annotated guide to the legal ins and outs of the debt collection industry, and how to ameliorate or eliminate consumer debt. I am conflicted about this guide. It is absolutely 100% true that student, medical, and usurious consumer debts are crippling Americans and in some cases driving them to desperation (and in extreme cases, losing their lives from stress related illnesses and suicide). On the other hand, this guide's 'stick it to the man and refuse to pay debts' vibe doesn't resonate well with me. There is a lot of advice about exploiting loopholes and sloppy record-keeping on the part of debt collection agencies in order to avoid having to pay debts. The author jokes about making bad credit scores sexy, and advises consumers to just stop paying bills and stockpile cash in order to avoid having assets seized. He also advises shifting jobs multiple times to avoid garnishment of wages. The author also seems a little jolly about his own harrowing experiences after a natural disaster wiped out his own business and left him over 25 million dollars in debt.

On the other hand, predatory lending practices and the abuse of the vulnerable lower and middle classes have resulted in a latter day medieval serf slave class who are unlikely to escape literal financial servitude in their lifetimes (and indeed are selling their descendants into the same awful perils).

This book provides a number of form letters that readers can use to require proof of debts, as delaying tactics, and possibly get some debt freedom since lenders generally concentrate on the vast majority of debtors who don't/can't fight back.

Four stars.
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