Reduce Interest Expense

Last updated 5 years ago First published 01 June, 2017

Business English Rating: Above 18 Shortest path: 31 nodes Longest path: 31 nodes Possible solutions: 1
David Nesbitt 20 yrs in non-banking financial services as a business and data analyst, business process designer and credit manager. currently Chief Credit Officer of a peer-to-peer lender.
Transcription
  • Do you have any debts owing at the moment? Yes.
  • Any Credit Cards? Yes.
  • How Many? Enter Number.
  • How much do you owe? (balance). Enter Amount.
  • What's the Interest Rate? Enter rate [Repeat Sequence per # cards].
  • Do you have any Personal Loans? Yes.
  • How many Personal Loans? Enter number of Loans.
  • How much do you owe. Enter Amount.
  • How many payments/months remain? Enter Number of payments.
  • What's the interest rate? Enter Interest rate?.
  • Are there monthly fees? Yes.
  • Enter How Much. Enter monthly fee amount.
  • Is there an Early Payout Fee? Yes.
  • How much is the Payout Fee? Enter Amount.
  • Do you have any Leases/Hire Purchase? etc.
  • You told us you'd like to reduce your total interest expense. blah blah blah.