If you have been seduced into carrying high levels of debt either due to need or greed, it is never too late to execute a U-turn. While, in many circumstances, borrowed money can be used as capital to start some new, profitable project which will make the interest charged worthwhile — if, instead, your debt burden was created to support a conspicuous lifestyle, or consume goods which have no lasting worth, you are digging for yourself a grave called poverty.

Car loans, student loans, payday loans, mortgages, and credit cards, home improvement loans — many such products are advertised by local financial institutions as a way for Jamaicans to quickly secure goods, property and services. However, if payments for such loans are beginning to exceed your earnings, or they make you feel burdened, it’s time for change.

https://www.jamaicaobserver.com/sunday-finance/make-a-u-turn-get-out-of-debt_229307?profile=1056