The $40,000 Phone Call

Hi Scott,

Last week's column about the ‘$40,000 phone call’ got me thinking. I had heard before about ringing the banks to get them to renegotiate, but I’d always been too nervous to do it. This long weekend I decided to bite the bullet and ring our bank (one of the Big 4), loaded with info about competitors’ rates (mainly UBank). And I was able to get a 0.5% discount on our loans. Awesome! Thank you so much!

Andrew

Hey Andrew,

For most people it’s easier to bitch than switch. But Andrew, you bitched, and then didn’t even have to switch! My good man, you deserve to be congratulated with a frothy beverage of your choice from your lady friend.

Scott