Kareen MillsFounder & CEO, Friendsgiving Live® · Most Influential Filipina ’23 🏆 Founder of the World’s Largest Friendsgiving Festival for Women | Angel | Keynote | Sugar Mommy™ Media | Psalm 25:1 ✞

🚀 Ready to level up your financial negotiations? #NegotiationTips #PowerPosition #Leverage

15 Feb 2024 · 1 min

Watch on YouTube

1:01

In this short YouTube segment, speaker Kareen Mills answers a viewer’s question about negotiating a debt charge‑off with a bank (referred to only as a name that rhymes with “lace”). She advises that while paying bills on time and taking ownership is essential, it’s also crucial to ask for better settlement terms—suggesting a request for a 10% reduction plus deletion even if the bank initially offered 20% of the debt. She notes that banks can be difficult, especially when the account is already in charge‑off status, and emphasizes that not asking guarantees a “no.” Mills also encourages listeners to join the “Raw Rich Anonymous Women” community, which focuses on raw, candid discussions about financial independence, credit rebuilding, and related money questions.

Chapters

Let's answer some internet questions. Blank bank offered me a 20% of debt charge-off. Am I pushing my luck if I ask for 10% plus deletion? Well, number one, always pay your bills on time and take ownership. But if life happens, because life will happen, I always tell my kids, if you don't ask, the answer is always no. Number 3, I can't mention who the bank is, But it rhymes with lace. If you ask them, they're pretty difficult about this, especially when you're already in the charge-off kind of zone in your relationship with them. And the last but not the least, if you are planning on rebuilding your credit and go on the other side of this— Listen, if you're looking for a community to join, a raw kind of community, we get raw about financial independence, about money, about questions like this. Inside Raw Rich Anonymous Women, please click