Part instruction manual, part self-help book, and part companion to the larger DebtCleanse.com website, Jorge P. Newbery’s Debt Clearance: How To Pay Off Your Unaffected Debts For Pennies On The Dollar (And Pay Nothing In absolute) is a definitive and comprehensive guide with the goal of ridding the reader forever of the overwhelming debt that sadly weighs on millions of Americans.
Newbery starts out with an amazing set of stats. Literally millions of Americans are burdened by various forms of debt. Some of this debt is so enormous that victims often feel that they (or even their progeny) will never get rid of it. Newbery himself once suffered from that kind of fear of the debtor. As he so frankly admits, at one point in his career as an entrepreneur, he was in debt that amounted to more than $ 26 million. But today he is relatively debt free. Sounds impossible? Newbery’s guide illuminates step by step how he was able to get out of that paralyzing figure by paying just a small fraction. Plus, it provides hundreds of challenging tips, tools, and tactics to help anyone in debt get out of debt after paying only a small portion of the total cost.
After an introductory chapter in which Newbery provides the reader with his background and a brief introduction to the vision behind Debt Cleanse and the accompanying website, the next section provides an extensive list of vocabulary words that any reader looking to shed. of your or you would do well to memorize your debt.
The third chapter clarifies the steps necessary to begin debt cleaning. Some of these steps, especially on first reading, may seem radical, even downright illicit, but ultimately they could prove immensely helpful to someone looking to finally get out of debt. Here Newbery explains the eight essential principles of debt cleaning that appear consistently throughout the book, including suspending debt repayment, ignoring creditors (even in the face of the threat of arrest), the need to dispute debts, and the welcome and instigation, of judgments. Other controversial, but understandable, and perhaps even necessary, notions Newbery proposes here include not worrying about one’s credit score, the need to have a trusted attorney as a down payment, and the convenience of not filing for bankruptcy.
The subsequent dozen chapters, each of which leads the reader in a thorough and scholarly manner through the steps necessary to eliminate many of the most common debts that plague Americans today, include mortgage payments, auto loans , student loans, medical bills, and credit card loans. Each chapter not only explains in detail the processes and steps that must be taken to cleanse the reader of that type of loan, but also helps the reader understand the complexities and jargon associated with that type of loan. The more than 100-page appendices at the end of the book, titled “Action Tools,” provide readers with hundreds of forms, questions, and checklists they need to eliminate debt.
While Debt Cleanse will be too radical an approach to financial stability for more conservative readers, for those who wish to follow in Newbery’s footsteps, it is an essential guide and printed companion to DebtCleanse.com. If Newbery is successful, it may even help spawn the debt revolution you want.