There is a system available to Americans that promises to make the average US family debt free within five to seven years.

John Cummuta's Transforming Debt into Wealth program allows citizens to move out of the red and boost their retirement funds in a short time period.

According to the professional financial adviser and businessman's website, over two million people have benefited from the scheme to date.

The way it works is by using a person's earnings to wipe out personal debts, following a strict method that can save on interest payments. By following a set system, which Mr Cummuta's company can help implement, people can be free of debt quicker than they would ever think.

Transforming Debt into Wealth "has proven to be a fast-lane escape route for hundreds of thousands of hard-working income earners, who had been passing on all their wealth to their creditors, month-by-month, paycheck-by-paycheck", according to the website.

People who use the program have been "eliminating their creditors" after each month and every paycheck, creating wealth for themselves in the process, it adds.

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