Talking Finance: It pays to know if your write-down is worth it

Talking Finance: It pays to know if your write-down is worth it

Free money is always worth looking into, but the ‘time value of money’ must be taken into consideration first

One of the most frustrating things I come across as a financial adviser is watching a bank refuse to write down a loan and then selling that same loan, usually making a loss. The frustrating bit is what comes next.

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