Once you get into debt, it can be hard to pay it all off. Yet
what many people never realize is that asking creditors for help
in paying down your debt can actually
in some cases.
In the following video, Motley Fool investment planning editor
Lauren Kuczala talks with longtime Fool contributor and financial
planner Dan Caplinger about negotiating with creditors for debt
relief. Dan notes that high interest rates and low minimum
payments make credit card debt the hardest to escape from, with
fees for late payments and over-limit charges adding to the
burden. But big financial institutions have worked hard to get
their card-delinquency rates down, and they'll often look at
potential solutions that get bad debt off their books. Dan offers
three tips for communicating with your lender and coming up with
a debt solution that will work for you.
is a big credit card lender, but for investors, its stock looks
tantalizingly cheap. Yet the bank's balance sheet is still in
need of more repair, and there's a considerable amount of
uncertainty after a shocking management shakeup. Should investors
be treading carefully, or jumping on an opportunity to buy?
To help figure out whether Citigroup deserves a spot on your
watchlist, I invite you to read our premium research report on
the bank today. We'll fill you in on both
reasons to buy and reasons to sell Citigroup
, and what areas that Citigroup investors need to watch
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for instant access to our best expert's take on
Editor's note: The volume levels in some segments of the
video are low. We apologize for the inconvenience.
has no position in any stocks mentioned.
owns warrants on Bank of America and JPMorgan Chase.
You can follow Dan on Twitter
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