The Justice has canceled a debt of 93,000 euros to a resident of Lanzarote who, after losing her job due to a Temporary Employment Regulation File (ERTE), began to accumulate debts and credit interest.
Sandra Ramírez is a single mother who resorted to quick online loans to cover her daily expenses and support her daughter. At first, she kept the payments up to date, as she received a stable income. However, during the pandemic, her company included her in an ERTE and Sandra's income decreased considerably.
She tried to unify the payments or negotiate postponements with her creditors, hoping to resume the payments when she improved economically. Sandra explains that her situation was "quite complicated" and that it "cost her a lot" to make ends meet. Upon constantly receiving a negative response, and seeing how the late payment interest continued to increase, she decided to go to Canarias Sin Deuda, a company specializing in the Second Chance Law.
The professionals at Canarias Sin Deuda explain that Sandra's situation became very common in the Archipelago after the pandemic and that many Canarians believed they could meet their payments thanks to pre-approved credits. However, they argue, the high interest rates of this type of financing usually lead, in the long run, to an increase in debts.
