John Cummuta on How to be Debt Free

He claims that his “Debt to Wealth” program, which is not credit counseling or debt settlement, has been used and utilized by over two million people all over the world, in minimizing and eliminating debts and paying off all their loans, including mortgage payments, in a period of five to seven years. The program, he states, creates an increase in an individual's net worth. It also boasts of being a “fast-lane escape route” for individuals who are in severe financial situations. Cummuta also guarantees that once an individual is no longer interested in availing his program and wishes to get their $39.95 back, he will be sending back another $39.95 with it.

There is much mixed feedback on Cummuta's debt elimination program. Book reviewers say that Cummuta does not offer original methods to people's debt problems. He may offer some solutions like Internet marketing or putting up items on e-Bay, but Cummuta just breezes through these suggestions without giving concrete steps to take and how to create an action plan based on the topic. Some have even expressed their frustration on the matter, saying that they could have gotten the same advice elsewhere for free. Attorney Michael Mack, a consumer lawyer who calls himself The Credit Man, also warns individuals about Cummuta's ways and means. Mack claims that Cummuta was once involved in what Mack calls “a multi-level marketing scheme,” also known as pyramiding. He also recounts the story of a woman who was enrolled in “Debt to Wealth,” and ended up paying $17,000 to the financial advisor.

Some consumers, on the other hand, have good words to say about Commuta. They stated that the entrepreneur's program is effective and they were able to pay for their debts in a rapid pace.

Related resources:

Debt advice by Suze Orman

How to pay off debt by Dave Ramsey

Kevin Trudeau’s “Debt Cures” scam