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The Topic This Week:
Stop Listening To Bankers And Lawyers
What difference does it make what the banker (who is in collection mode when you are in default) says? I can guarantee you one thing: His 'advice' is in his best interest, not yours. I can also bet you that intimidation and leverage gained by telling you false information are his favorite cards to play, because they work.
Bankers learned long ago that there is a perception of trust between the lender and the borrower and thus the borrower actually believes the banker is telling him the truth, giving him good advice, and is reliable. But it's none of the above.
I hear over and over, "My banker told me..." and it's all baloney, misinformation used to gain more payment. Yet the borrowers listen, believe it, and all too frequently act accordingly to their total disadvantage.
Download Don's FREE e-book HERE
