Some readers of The Squeaky Wheel have been kind enough to send me emails about successes they’ve had using the techniques I suggest in the book. I asked a couple of those whose successes were in the financial realm to share their stories which they graciously agreed to do. Names of readers and companies have been changed at the readers’ request—all other details are accurate. Admittedly, I did choose the most impressive ones but unlike diet ads where the tiny print under the before and after pictures says “Weight loss results pictured are not typical” I’m saying in regular print and before we even get to the stories, the results below are not typical but clearly, they are possible.
Squeaking a Mortgage Company into Submission
Mathew wrote to his mortgage company during a difficult time in his life—he and his second wife had decided to separate. As part of an amicable separation agreement, Mathew needed to remove his wife’s name from the mortgage and refinance his home. The mortgage company told him he would have to be closing fees, refinancing fees and $3,000 in fees for paying his own taxes on the property (mortgage companies are very good at finding things for which to charge fees). Mathew’s mortgage broker said she was unable to waive or reduce any of these fees.
Mathew decided to complain to the mortgage company and use the techniques I suggest in The Squeaky Wheel to do so. He looked up the names and email addresses of senior executives in the mortgage company and wrote them a simple email using the Complaint Sandwich technique.
He started with a positive statement that comprises first slice of bread—and wrote about his long history with the company and that he has been a loyal and valuable customer. He mentioned his separation and the need to remove his wife’s name from the mortgage and refinance—and then he presented the meat of the sandwich—his complaint about the fees the company was charging.
Mathew ended his letter with a second positive statement—the second slice of bread. Mathew knew The Squeaky Wheel suggested that when the resolution of our complaint requires someone to take exceptional action on our behalf, we must make it as easy as possible for the complaint-recipient to do so. In addition, the second slice of bread in the complaint sandwich should be especially thick in such situations. Mathew ended his letter like this:
“I would greatly appreciate your help in this situation—by waiving the fees associated with me paying my own taxes—please. Again I greatly appreciate your time in this matter and hope you can support your valued customers like myself, as I have supported [The Company]. I have cc’d [name of mortgage broker] who is the most fantastic mortgage broker that [The Company] has!
All you would have to do is reply and cc all with the ability to waive fees relating to me paying my own taxes.”
Mathew got a reply from one of the executives within a couple of days. A few short sentences lead up to the following statement, “You win.”
The mortgage company simply could not refuse a long standing customer whose complaint was presented in a manner that was so respectful, civil, kind and compelling. Having been wrestled to the ground by Mathew’s masterful complaint, the mortgage company submitted and tapped-out.
Mathew saved $3,000 as a result and wrote to me that very day.
An Ironman Triathlete’s Marathon Complaint to his Medical Insurance Provider
The following is taken from an Amazon review posted by a reader—the Kentucky Kid—the full text is available on Amazon.com here: Let’s begin with the Kid’s own words:
“Here's what happened to me after I had read this book: I do Ironman triathlons and marathons. Last year while training, I found out that I had a stress fracture on my pelvic bone. Ouch. I needed an MRI to verify that it was indeed a stress fracture. The first MRI came out blurry and I needed to take a second. After assuring me that I would not be charged for another MRI, I took the second test and was told that, yes, I had a pelvic stress fracture. Skip ahead a few months when the bill arrives. I was charged for 2 MRIs $1200 each!!”
The Kentucky Kid’s deductible meant he should have had to pay only $800 for the first MRI. He called to complain and was told there was nothing that could be done. Being no stranger to marathons (the Ironman involves running a full marathon only after completing the swim and bike legs, making it a 12-13 hour race!), the Kid persisted until he got the company to waive the charge for the second MRI. However, that still left him paying for the first MRI in full.
“Before I had read this book, I probably would have left it at just paying the $1200 for the original MRI and felt good about not having to pay for the 2nd MRI. Crazy, right?”
The Kid found himself getting irate “…smoke coming from my ears!” and decided to employ the emotional regulation techniques in the book to calm himself. “I explained to her, very calmly, that I would not be hanging up the phone until this matter is resolved. Silence. I explained to her that the letter from my insurance company told me that after their deductions I would owe the lab $800 and I am more than happy to pay that amount as I did receive a service from them and would absolutely be paying $800 and not one penny more. Silence. She told me to hang on while she spoke to her manager. I thanked her and when she put me on hold I began to feel very zen-like and clear-minded! Normally, I would be yelling and screaming and demanding my rights. Funny, huh?!”
The Kentucky Kid’s emotional; management, patience and efforts paid off. Instead of having to pay $2,400 for two MRI’s he would pay only an $800 deductible—something he was glad to do.
Success Letters from Readers
I’ve also received emails from readers whose successes improved not their finances but their relationships and self-esteem—and those of course, are priceless.
I’m very grateful to readers who email me with success stories as it is immensely gratifying to know people are benefitting from the book. Please keep those coming—I find real joy in hearing about any successes readers have, regardless of scale.
For those who have written to me—you have my deepest thanks!
Copyright 2011 Guy Winch
Follow me on Twitter @GuyWinch
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