If you knew you'd live to 100, how would you change your life today?

Credit Tips to Increase Cash Flow

Whether you have good credit, or less than perfect credit – you may be unnecessarily leaking cash by not taking advantage of what is available to you through your existing lenders in today’s low interest rate environment.

If you have credit card debt at an interest rate that was determined years ago or that was obtained when you may have had a lower credit score than you do now, you may be able to lower that interest rate. Just call up the credit card company and let them know that you are looking to lower your interest rate. Also, tell them that you are considering canceling (that’s the magic word) your credit card with them to go with or look to other companies that may have a lower interest rate. This will send you to the right department that has the authority lower your rate. It’s as simple as knowing how to ask.

Another case where using your credit can help you free up cash flow is in the case of a home mortgage. By calling up your existing lender and asking for a “streamline refinance” you may be able to lower your monthly payment with little cost and minimal effort! Simply ask your lender if you qualify and be sure that they understand that you may consider going elsewhere if they can’t help you. If the situation is right, your lender may lower your interest rate with little to no closing costs or without requiring full appraisal, or without you having to jump through the hoops associated with a conventional refinance.

By knowing how to ask for lower interest rates, you could save hundreds (or more) of dollars per month on your existing debts and put more cash in your pocket today!

Reprinted with permission by Garrett B. Gunderson, www.wealthfactory.com

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ABOUT 100 YEAR LIFESTYLE

Dr. Eric Plasker

If you knew you’d live to 100, how would you change your life today? This is the question that was inspired by Max, one of Dr. Plasker’s patients, that started The 100 Year Lifestyle movement.

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