Say No to Bad Debt: Trinidad Online Lawyer

She was advised that her position was made redundant and that her services were no longer required. She spent 12 years at the bank. She refused to accept the separation package and decided to ask for a transfer to another location or division of the bank. She was approaching 51 years and she considered herself to be a difficult hire. She was aware that the job market was tough and since she did not further her education post secondary school, her chances were limited.

I asked her why did her position suddenly become redundant. She told me that she refused to offer customers credit cards and loan facilities. She said that she lamented the indebtedness of the customers in the queue to pay off their credit cards. It was a refreshing view, that a bank employee did not believe in taking credit cards and loan facilities when it was not needed.

It is loan sale time. As the Christmas season approaches, there are jingles on all radio stations with loan promotions. I visited the bank to make my loan application. The loans officer offered me a credit card and $20,000 extra. I told her that I had no use for $20,000 cash currently. This also meant a longer period to repay the loan. I asked her whether the additional $20,000 could be placed in a mutual fund. That way, a lower interest rate would be offered. Also, the bank will hold the $20,000 as collateral. I agreed to this proposition.

A word to the wise, you may be offered a credit card or additional money by your friendly, neighborhood banker. But remember that if you do not need it, do not take it. The banks thrive on excessive interest rates and credit card late fees. If you do not need it, do not take it.

About the Author: Antoinette Sydney LLB LEC CAMLFC CFRMP, Bar No. SYA2015211, Attorney at Law. The author is the first Online Lawyer based in Trinidad and Tobago. SHE IS A LECTURER AT  THE ARTHUR LOK JACK GLOBAL SCHOOL OF BUSINESS IN TRINIDAD. She has clients in Guyana, St Vincent, Barbados, the British Virgin Islands and North America. She specializes in Corporate Law and Anti-Money Laundering Compliance. She helps clients to start their Online Business Empire.

ANTOINETTE SYDNEY LAW OFFICE: MONTROSE MAIN ROAD CHAGUANAS, TRINIDAD AND TOBAGO

Website: www.asydneygroup.com

Email: sydney@asydneygroup.com

Consultation fee is $300 TTD per hour.

Blog: https://sydneygroupblog.wordpress.com/

Linked In: https://tt.linkedin.com/in/antoinette-sydney-77093550

Instagram: https://www.instagram.com/asydneygrouptt/?hl=en

Facebook: https://www.facebook.com/sydneygrouptt/

Youtube: https://www.youtube.com/channel/UC8-sUa8WMDJM8w5_Q3nhQ5w

I am a Certified Professional in the following areas:

Taxation;

Corporate Training;

Anti-Money Laundering and Financial Crimes;

Fraud Risk Management;

Graphic Design.

Services include:

Anti-Money Laundering (AML) Training for staff, directors;

Anti-Money Laundering Audits;

Compliance Program drafting;

Consulting services and much more.

Get my Ebooks now!!!  only $100TTD !

Payment through Paywise and Paypal!

Ebooks on Sale:

  • How to Change the Business Name of a Sole Trader
  • How to De-Register a Sole Trader Business
  • How to Register a Partnership
  • How to Change from a Sole Trader Business to a Limited Liability Company
  • How to Register a Limited Liability Company
  • How to Change the name of a Limited Liability Company
  • How to Dissolve a Limited Liability Company
  • How to Register an External Company
  • How to prepare Annual Returns for an External Company

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s