Apr 28, 2020
During these unusual times, you may find that you are working more, less or not working at all. Because of this, your money situation may be at the forefront of your mind, and you are likely considering how you can save money and keep control of your budget. You may realize that you cannot afford to pay for everything that you are signed up for, so reducing expenses will be essential. You could, for example, consider lowering your auto insurance premiums because you are now working or studying from home. But, how do you go about negotiating with creditors about a reduction?
Today, I share a short,
practical training on how to manage and negotiate with your
creditors. I reveal the best way to approach the people you owe
money to and how to structure your conversation. I share how
contacting your creditors over the phone and the internet differs.
I also highlight why it is vital to get any agreement in writing
and check the implications to your credit score and overall cost of
“Being proactive and honest with creditors and trying to make a plan is being responsible.” - Tracey Bissett
This Week on Young Money:
Three steps to managing and negotiating with creditors:
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