Do You Need To Negotiate Or Eliminate?
Jul 23, 2024 7:37 pm
Hey
Many people don't realize that you can often negotiate lower interest rates, refinance or even settle your debts for less than what you owe by negotiating with your creditors. Start by making sure you put your loan through the cashflow index formula:
Cash Flow Index [CFI] = Loan Balance/Minimum Monthly Payment
If the number is between 51-99 then guess what...
YOU CAN NEGOTIATE!
Now reach out to your creditors and explain your situation. Be honest and straightforward about your financial difficulties. Ask if you can lower your interest rate or offer a repayment plan to them. Just so you know we can help out with that. You can also offer a repayment plan that suits your budget - instead of theirs.
We've had so many success stories of individuals that we would love to help you as well.
Let me know how I can help... Until next time!
CJ Wallace