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When persons need support in credit restoration, credit repair, or debt healing, there is usually more to the story than a credit card bill or some loan that they cannot manage. And that was the case with Sandrine. Her husband had gone on the farm work program and decided to stay in the Toronto area to eventually send for Sandrine and the children. Sandrine, with her corporate job, had no pressing desire to leave Jamaica.  

2 funerals, 2 countries, 1 credit card bill

However, Sandrine's husband died in Toronto and she knew he wished to be buried in Jamaica. So she used her credit card to pay for everything - funeral in Toronto for friends and family there, shipping the body to Jamaica, and then the funeral in Jamaica. Additionally, Sandrine was encouraged by her banker to get an exclusive black card that had a high credit limit to cover the funeral costs. The family members had promised to help Sandrine with the cost of the funeral. 

Of course, that did not materialize and Sandrine was left with the bill on her credit card statement. Sandrine came to #FinanciallyFocused for help with a JMD$3 million credit card balance and she shared that she was drowning. The debt collector was calling her weekly and she was simply stressed and not sleeping. Could we help her to create a plan to get rid of the debt?

The #financialsuccess coaching did help Sandrine clear off the debt in less than 6 months.

Credit Restoration Professional Certification

And as part of the Financially Focused partnership with the Caribbean Credit Repair Association (CCRA), looking at how credit card debt is managed and the impact on the credit report is a vital part of the Credit Restoration Professional programmed.

It is no secret that credit card debt is one of the most expensive debts you can access. In Jamaica, banks charge as much as 60% interest on the balance. If you have a plan to quickly pay down the credit card debt or you are using your credit card to access an element of a profit-making activity, then go ahead and use the card with my blessing.

Bill collectors are a sign to change your life

However, in the credit repair industry, many people come for help to stop bill collectors from calling and not expect to make critical life changes. When my son was born with medical conditions and I had to use my credit cards and other loans to manage his medical expenses, I was clear that I had to dig my way out of the debt. What I didn't know is that every time I swiped my card it was recorded on my credit report. And every month I carried the credit card debt it was recorded on my credit report. By the time I checked my credit report, it was 62 pages. Yes, 62 pages of raw data. Now, you are entitled to a FREE credit report once per year. Need support in your financial plans? Get a free coaching session at https://bvabbyklprqazhonbr.10to8.com"

Do you need help to negotiate your debts? Make your appointment today.

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Re-negotiate your debt with the banks. Make your appointment today.