401K

Estimated reading time: 1 min

Instruction: While obtaining money sources, if determined that consumer has enough money available in 401K the n proceed with the option. Remember it is the Why and How will they be benefited by doing this, will motivate them, so ensure once you go through the script back it up with a brilliant BIF or SIF and their benefits as well

For Balance

Speak: Mr XX as you stated you have XX available in your 401K,(1 second pause) ( sound natural) By the way who manages your 401K (your employer or a third party company)

Speak: That’s great( Pause) “Now All you need to do is simply contact (company that manages the 401K) and tell them that you are interested in borrowing against your 401K funds. They’ll typically set up payment terms for up to 30 years based on how quickly you choose to pay the funds back.The interest rates are amazingly low, and you are actually paying back yourself! Most people I speak with in your situation pay their balance this way”.(Pause)The best part is Mr XX you get the convenience of making minimum payments to your own 401K account and watch at the same time while this account is paid off immediately. One debt less to worry off, peace of mind and you eligible to get a brand new card with American Express. How wonderful would that be?

For Settlement:

Speak: Mr XX as you stated you have XX available in your 401K,(1 second pause) ( sound natural) By the way who manages your 401K (your employer or a third party company)

Speak: That’s great( Pause) “Now All you need to do is simply contact (company that manages the 401K) and tell them that you are interested in borrowing against your 401K funds. They’ll typically set up payment terms for up to 30 years based on how quickly you choose to pay the funds back.The interest rates are amazingly low, and you are actually paying back yourself! Most people I speak with in your situation pay their settled this way”.(Pause)The best part is Mr XX you get the convenience of making minimum payments to your own 401K account and watch at the same time while this account is settled immediately. One debt less to worry off, peace of mind and you save a huge portion of the balance on the account. How wonderful would that be?

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