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A 62 page credit report was my first signal that something needed to change in my life. My son's health crisis in 2010 meant that the medical bills piled up. And when the medical bills required cash to cover them, that meant that all other bills went on the credit card. Of course, to cover the credit card, I turned to personal loans. And soon I found myself on the debt treadmill.

My debt drama started in 2010, but did not reveal itself until a few years later.

During this COVID time, some experts believe that many of are sleep walking into our own personal debt crisis.

In 2013, as the extent of my poor debt choices revealed themselves, I realized that my financial education was lacking in the area of debt management. Of course, I knew what debt was. A challenge I had was that no one was educating me on how to build a debt portfolio that would build wealth. I was faced with household debt that did not add to long term growth - rather I needed help to pay for what I consumed. 

Again, this COVID19 pandemic has pushed household debt higher.

What I knew was that a banker would give me a loan. What I did not know that was (a) my credit report was a source of wealth and (b) if I built the right debt portfolio, I would be able to grow my financial independence.

None of that was on my radar in 2010.

I was caught up in the emotions of my son's needs for physical therapy, medical intervention for his heart and my day to day expenses as a mother of two children. 

However, when I wanted a new loan and I was faced with a 62 page credit report, there was panic and confusion. How could I rise from this and get control of my life? 

The very first thing I did was get out of victim mode over my debt. 

Because I was on a budget and needed to get a plan to get out of debt, so I asked for a credit freeze. That is what I would tell anyone to do if they need debt management and have little or no money.

I teach the exact steps in my Debt Healing workshops. The next thing I did was embark on both (a) coaching to get an improved debt management strategy; (b) coaching to get an improved debt portfolio and (c) credit repair to clean up my credit report.  What can you do if you are in debt? Right now, shame and guilt are the driving force in many decisions made by persons with unmanageable levels of debt. So many persons have decided to do nothing like a plan. Then..............they need another loan to send their children to school or buy a house or buy a car. And the credit report is pulled up by their banker.  The credit report then stands in the way of moving forward. Since 2010, the Caribbean and Jamaica in particular have been under a credit reporting regime which means for 7 YEARS your financial decisions follow you in the credit report. Can you put your life on hold for seven years? The good news is that there is support. DEBT HEALING by Financially Focused has a team of bankers with 30 years experiences of DEBT NEGOTIATION. You can get your credit report cleaned up and a personal debt management plan prepared.

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.