Debt Strategy - Dealing With Banks
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  Running Time: 8:20 Date: 21/10/2012 So your bank doesn't understand you? Maybe you don't understand them. Business is hard enough, let alone when things don't go according to plan and you start developing serious debt problems. And these problems can be compounded if you don't have a good relationship with your bank. Damien Simonfi from debt strategy consultants DJ Partners says good, proactive communication with your bank is essential if you want to keep them onside. Damien says it's important to approach your bank in the right way and use the appropriate levels of authority and business streams when communicating your position. "Show respect", he says, and consider the position of the bank - not just your own position. Understanding the reason behind certain fees and charges can save a lot of frustration in the long run. Damien Simonfi, DJ PartnersTopics: Financial Management, Management |
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