The Do-It-Yourself Bailout: How I Eliminated $222,000 of Credit Card Debt in Eighteen Months and Saved Nearly $150,000

Just finished it tonight. It says the book was updated to 2012. It really isn't. The whole story happens before 2010, before the CARD Act was passed. It's written more like a novel of what he went through. The book was just ok.

I work in the financial industry and I use Kenny's book to help my clients get through credit card debt negotiations...super valuable tool!And more importantly Kenny is 100% in understanding how the banking industry works...This book can save you from bankruptcy...and for save you 10's of thousands of debt and interest!

Ok, let me first admit I've only read the first five chapters. But, already I can see that his method is based on the fact that you need a certain amount of settlement money to, of course, pay a settlement amount. Soooo, what about those of us who's budget is so tight with paying minimums on cards as well as other necessary monthly expenses, and don't have money put aside for settlement? I don't think the author would have had settlement money either if he hadn't received the $45k gift that allowed him to make the settlements. That's what I would like to know.

Too scary for me, but a good read

Thanks.

Great information. Good starting point for anyone looking to lower their debts.

Excellent book with lots of good tips. The whole proccess is explained in detail

This isn't good advice for anyone who is employed (whose wages could be garnished) or has any desire to ever actually purchase something on credit in the future (like a house). It's sad that people would allow themselves to get deep enough into debt that they'd be willing to consider the advice in this book.