One of the things that we may need throughout our life is to know how to negotiate with financial .
Because negotiating with a money company, although not difficult, cannot be described as easy either.
Not only that, the majority of people who try to negotiate with one of these entities do the steps incorrectly.
For that reason, then almost no one achieves what they wanted in the negotiation.
That is the reason why in today's article we want to give a few tips on this topic.
If you want to negotiate with financial but do not know how to do it, then we show you the steps to follow.
What to say has that this will not guarantee the results either but at least if you will increase your options.
Why is it not easy to negotiate with financier?
It is not because almost always when it is intended to do this management it is because there is a problem.
Because of course, prior to signing a loan you can also negotiate but only certain aspects.
For example, in banks you can negotiate the elimination of insurance when signing a mortgage for example.
There is little margin in private equity finance companies as these entities do not work in the same way.
Most of the time when a client raises a negotiation it is because he has a problem in the signed credit.
Almost always there is some unforeseen circumstance that prevents you from being able to meet the loan payments as established.
And of course, in these situations if we can understand that customers seek to find a solution.
Now, this is where the mistakes begin because there are those who think that the financial company has to accept said negotiation out of obligation.
It is not like that, no financial institution is obliged to negotiate with its client, even if he cannot pay his credit later.
Although there is a threat of possible non-payment, this does not oblige the financial company to anything.
With which if you intend to negotiate with financier the first thing is to assume that you can take no for an answer.
In case you are willing to negotiate, these are the tips that we can give you.
Tips to negotiate with the money financier effectively
1.Never force her to negotiate, that's the main thing.
Much less threaten it as it will eliminate any positivity to do so in the future.
I say this because it is common for people to say things like "either you change this or I don't pay you" and similar things.
And it is not for nothing but the finance company may prefer that you not pay them rather than change the credit conditions.
- You have to negotiate with the finance company before the problem arises.
If you see you will not be able to pay a loan, do not raise the negotiation once the default has already occurred
Get ahead of the problem and get in touch with the financier before that happens.
3. Look for solutions and present them to the entity itself.
That is, tell the financier the possible solutions that you think could be used to solve the problem.
- Do not try to change credit conditions in the sense of lowering profitability or changing credit risk.
Trying to change the signed interest rate to a lower one never makes sense.
- The option to refinance your credit can always be an option in the same financial institution.
Before suffering a default, most accept to refinance the loan to avoid it.
- Show willingness to pay
Although obviously not all show it in the financial sector.
Advantages of conducting a correct loan negotiation
Experience has shown us how knowing how to negotiate can help us solve many financial problems.
The most important thing as always is to show the financier that you want to deal with credit.
There are people who when a problem arises they disappear not answering more calls from the entity.
And of course, then if they need something, the clients are likely to find the same attitude from the financial company.
That is why we always talk about the importance of negotiating with financial in any situation.