If you’re not familiar with John Commuta’sTransforming Debt Into Wealth System you just have to turn on the radio to hear all about this guy. In this article, the John Commuta review, I will be talking all about John Commuta’s famous transforming debt into wealth program and why you shouldn’t buy it.
Transform Debt Into Wealth
It all sounds good right, a system that will eliminate all of your debt in a matter of a few years. The big question on everybody’s mind is does this program do what is says it does?
The long and short is the John Commuta transforming debt into wealth program does work, everything in his program you can find on about every other finance blog on the net including this one.
The truth is the crap that John Commuta has been selling for years making him rich is the same stuff found right here on Stumble Forward. Yup, you heard me right here at this blog.
How John Commuta Turns Debt Into Wealth
Turning debt into wealth sounds like a catchy title but in reality all he is doing is selling you a system that has been around for years. It’s called the debt snowball plan.
With the transforming debt into wealth system John Commuta takes this very program and packages it up into nice and neat little package along with some great testimonials and presto, you got a never ending TV infomercial making thousands of dollars a day.
By the way you know John Commuta is making a lot of money off of this program or you wouldn’t hear it ten thousand times a day on the radio.
I know this can sound a bit harsh but it’s true. People in America get ripped off everyday from scammers, but the worst part is the people who are in debt up to their eye balls are getting the blunt end of the deal, much less paying for the John Commuta scam product.
The so called debt settlement companies that are helping you eliminate thousands of dollars of your debt are nothing more than in most cases a bunch of fakes. Now I say most because some are legit but most are taking advantage of you.
Where To Get Your Debt Advice
If you’re looking for some simple debt advice on how to set up a debt plan check this out. If you want to get a more extensive view into what it takes to get out of debt for free check out Enemy Of Debt.
This guy knows what he’s talking about.You can read all the John Commuta reveiws you want but Enemy of Debt does what he preaches and knows a lot about the subject of debt, and isn’t some infomercial guy just trying to push a product on you.
Their is also another point that must be said, you have to watch out for who you take your advice form when it comes togetting out of debt. If you have ever heard the term don’t get a hair cut from a bold barber the same should hold true for who you take financial advice from.
If you’re wondering who you should get your advice from question their motives. Here at Stumble Forward I’m not charging for any of the advice and second I have personally worked in the industry myself for 4 and a half years.
If your gettingdebt advicefrom someone who is in debt up to their eyeballs much less from a guy like the John Commuta fraud doing nothing more than pushing a product that may not be the most trustworthy source.
Final Thoughts
Don’t buy John Commuta’s Transforming Debt Into Wealth System. If you really want to turn debt into wealth start reading up on the abundant information available on the net, and the best part it’s all free.
Chris
Brad says
August 31, 2009 at 5:05 pmAs soon as I saw this title I was like, “that name sounds so familiar”. John Commuta….hmmm. It didn’t click at first. Then I remembered that it’s the guy on the radio selling a package deal as some kind of secret only he knows. LOL There are a lot of those guys out there. You are right! If you just take the time to do some research you can find a variety of methods to help you get out of debt absolutely free.
Thanks for the shout out too man, I really appreciate it!! 🙂
Christopher Holdheide says
August 31, 2009 at 7:00 pmThanks for the comment Brad. I’m just giving credit where credit is due. Your site has tons of great free info on it.
TJ Saotome says
October 19, 2009 at 3:55 amVery educational. I was wondering ‘How effective or true is this John Commuta guy?’ You are absolutely right. You should not have to pay for quality information that you can spend a little bit of your own time to harvest. Only the lazy people who are up to their eye balls in debt will buy John Commuta’s system. Thanks a million for your invaluable insight.
Christopher Holdheide says
October 19, 2009 at 9:45 amPeople pay this guy thousands of dollars a year to show you a system that can all be found on the internet for free. I like the free version. The problem is in the USA we equate value with how much money we pay for something and that if something is free it’s not that valueable.
NOPE. It isn’t so.
If that were true then guys like Dave Ramsey wouldn’t exist. I’ve used his website many times to help me out with my own financia situation.
Thanks for the comment TJ.
N.L. MacDonald says
May 4, 2010 at 6:53 pmI fell for this thing and it’s a nightmare. After 2 sessions the guy said, we’ll there really isn’t anything you need to change financially. I’m now getting calls from the financial processing company stating that I owe them $6,500 whether they can do anything or not. Run don’t walk away from these people.
Jack Libby says
June 17, 2010 at 8:05 pmWhen you hear of something that seems to good to be true, it is. I got suckered into this because I thought he might show a way to cut the mortgage. It turns out that every CD I listened to talks about the same thing over and over. Long drawn out conversation over and over. Doesn’t discuss any hard strategy just tells how to pay off high interest items, pretty much common sense. Then you start getting the calls from people who want to set up appointments to discuss your financial situation, and at a cost. Before you know it they’ve dinged your account and tell you the thirty day period is up and that the silly CD’s are going to cost you 6 months at 79.99 a month.
I normally never listen to scams like this but I was under the impression that they would discuss things like splitting the mortgage payment into semi monthly.
Nanette says
June 21, 2010 at 7:49 pmTj you say “Only the lazy people who are up to their eye balls in debt will buy John Commuta’s system. ”
Why do you say lazy? These people are desperate, not lazy. If you had tons of debt, you would be too. Unlike some of these people, I did my research on all of these things and haven’t found a single one yet that’s legit. I have a lot of debt and just lost my job to India, but I’m not about to pay money I don’t have to someone claiming they can get me out of debt. If it seems to good to be true, it usually is…..
Nanette says
June 21, 2010 at 7:53 pmJack, you can do the mortgage thing yourself, just pay half in the middle of the month and half at the end. The hard part is getting that first middle of the month payment done since people usually pay their other bills then. Once you start though, it’s easy.
wilma a. says
August 12, 2010 at 4:12 pmI requested the material….I was floored when I saw the price. When I requested the material and asked how much it was they did not disclosed it and all they would say was you can review it and if you do not like just return it. I was leary about their answer and told them to just disregard my request. Needless to say I received it about 3 days later. I returned when I saw the price …I received numerous phone calls from them asking me why I did not like their product to which I told them that I did not need to get into debt with their system….I was looking to get out of this and if I purchased their system I was not helping my financial situation. I finally had to tell them that I did not want them calling me….to which they repeatly reply that I was entitle to speak with a professional financial advisor for free since I had received their material. I could not believe the aggresiveness of their sales team….
Ben says
July 26, 2011 at 11:12 amI have virtually no consumer debt but am interested in his plan to pay off a 30 year mortgage in 5 years or in my case 21 years left in 4 years. What’s that part of the plan all about. I’ve heard of plans where you get an additional loan in the form of a home line of credit and continuously transfer long term mortgage debt to the shorter line of credit but the sales rep assures me that’s not part of the plan and that it merely somehow reverses the large amount being paid in interest to principal.
What’s his plan to pay off a mortgage quickly?
Christopher says
July 26, 2011 at 12:22 pmBen,
I not sure what John’s plan is to pay off mortgage debt. However I suggest instead of paying extra towards your debt every single month to pay off your mortgage faster I suggest you set up a mortgage payoff fund instead. How this works is you make the payment you would have made to the mortgage company to your mortgage payoff fund instead and over time once you’ve accumulated enough funds to pay off the entire balance you write one check and pay it all off at once.
Their are several benefits to doing things this way. First it allows you to have complete control over your money. If you make extra payments to the bank they aren’t going to forgive you if you run short on money one month and if they would have to foreclose because you couldn’t make payments you could lose everything you’ve worked so hard for. By having a mortgage pay off fund it would allow you to continue the payment on your mortgage in case this issue would arise.
The second benefit to having a mortgage payoff fund is that it allows you to earn interest on your money while your waiting to pay it off. If you would save your mortgage payoff money in a CD or online saving account you could earn a little extra return that help you pay off your home that much faster. However one thing I do not recommend is that you do not invest the money in any sort of investments that could lose value such as mutual funds, and stocks. Instead stick with safe secure investments.
I hope these tips help.
Julia says
October 6, 2011 at 6:36 pmHi Chris,
Just like other workers who have a mortgage and car loan to pay, programs like John Cummuta sound very attractive and I can’t blame them for buying into it. I almost did. Lucky I decided to google his name and product first and found your review. I don’t want to think about all the hassles the other readers went through.
Thanks for all the tips. I still believe in that saying “the best things in life are FREE!”
All the best…
Julia
Christopher says
October 6, 2011 at 8:46 pmJulia,
Thanks for the comment. I’m not going to say the John Cummuta plan doesn’t work I just think the cost of the program is way to much money when their are so many free options available out there such as the Stumble Forward Debt Plan. It’s free and it works. You can check it out here: https://stumbleforward.com/debt-plans/