Nobody likes to go into debt and people would never willingly let their lives fall into such if they could help. However things could happen and they happen mighty fast. People did not plan to fall into debt but they suddenly find themselves owing money. People would like to find ways on how they can get out of debt and that is why there are so many programs out there promising people that they can convert their debt into wealth.
One such program is the one being marketed by John Cummuta scam as some people would call it. Does it really help? I tried reading it and checking if the lessons that it is offering are actually effective in helping out people to find solutions for their debt problems.
The things that Mr. Cummuta is offering as solutions are all valid they are pretty straight forward and easy to accomplish. This is his formula in a nutshell: You allocate money for paying off your debt on top of what you are actually paying for it monthly. That way you can increase the rate that you are paying off what you owe. Soon you will be free from any debt. After you have paid off what you owe you can use the same formula but this time for savings. You can add the monthly amount to savings and soon enough you will have a sizable amount waiting for you at the bank. Mr. Cummuta’s formula is not a scam but it certainly is not worth the price that he is charging for it. You can arrive at the same strategy if you just think about your situation.
If you want to read more topics such as these or about extreme debt reduction
you can read my other online pieces at my own personal blog.
- 3 Ways in which you can accelerate debt reduction (2011taxes.org)