Jasmine McCall turned her bad credit into a lucrative business
Jasmine McCall was heading to college when she tried to open her first bank account, but she forgot to pay her first credit card bill, which left her with a bad score and an inability to open the account.
McCall was raised by a single mother with her four siblings and, like most black Americans, didn’t learn much about money, credit and other financial literacy tools.
“At this point in my life, I did very well, but I will never forget the feeling of being constantly rejected because my mother had bad credit,” she said. The sun.
McCall decided to tackle her bad credit head-on, writing letters to collection agencies after realizing she had racked up extra charges she didn’t owe. She also started paying attention to her daily transactions and eventually the dispute letters worked in her favor as the credit bureaus removed the extra charges from her credit report and forgave the charges resulting in an increase in 100 credit points.
McCall then began coaching family and friends with their credit scores and last summer, when she was looking for a way to earn extra money after her job informed her that it would reduce her salary, she started to think of a way to compensate her, not realizing that she has a jewel in her pocket.
Rather than helping people individually, McCall began laying out a plan for a digital set of credit repair services. The package included dispute letter templates that people could use to resolve their own credit issues.
McCall’s business took off and became a success, but she didn’t stop there, creating a YouTube channel, Life With Jazzy. The channel includes McCall speaking on a range of financial topics, including collections, credit cards for kids, medical debt and even down payments and how to boost your credit score.
“I wanted to share my tips for increasing credit widely, instead of just working with clients individually. It was supposed to be a one-off thing, but there seemed to be an audience for the videos,” McCall recounted, according to The sun.
“August 2021 was my first time making money on YouTube through ad revenue, a payout of $3,199, and that revenue grew over time, up to $6,800 in one month.”