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One of the key ideas to understand is that you can do credit repair yourself.  In the case of Andreen, a businesswoman who sold her house in an attempt to clear off her bank debt and still had outstanding interest and fees after the house sale, the lack of ability to credit repair on her own was so detrimental. However, before you reach out to a professional credit restoration specialist, it is important to educate yourself.  

You may be asking what Andreen could have done differently in this case to keep her house? Well, I will share one of the strategies I learned in credit repair by accident and then formally in my subsequent training. In 2010, my son was born with a host of medical complications. Each complication required care and medication. And I had to pay on my credit card in some cases. This continued until 2012 when I was fired from a very high-paying job. All of a sudden, I was overwhelmed with a sick child, medical bills, bad debt, and the daily care and running of my house. So what did I do to give myself breathing room? The same thing Andreen the businesswoman should have done to save her house. Ask for a credit freeze. 

A credit freeze

A credit freeze is one of the many tools you can do yourself in credit repair and credit restoration to give yourself time to reorganize your debt. Now a credit freeze is not a trick to get out of paying the debt. It is a strategy to get a break so that you can develop a plan to pay down what you owe.  

Beware of fake promises to get away from paying your debt

In the world of credit repair, there are many unscrupulous persons who want to take your money and make fake promises to remove debt from your credit report. In North America or online, you may hear or see advertisements claiming outstanding credit repair services offering you ""legal"" and ""guaranteed"" solutions for your credit problems. These services may use mottos that are quite enticing to those who are in dire need of credit repair. There are even others who get easily convinced after reading ""authentic"" testimonials from several customers, who might not actually exist.

#FinanciallyFocused and the #CaribbeanCreditRepairAssociation have teamed up to launch the Credit Restoration Professional Training course to empower individuals to not only resolve their own credit matters but to enter into a new profession. With this new certification offered in the Caribbean, communities can benefit from solid guidance to build back their good financial name.

Let me repeat, credit restoration strategies like credit freeze do not wipe away your debt. When you are really in need of credit repair, the first thing you want to do is to act immediately. You should remember that this action should be done by you and not anyone else. Luckily, there are several factors that can help you avoid scam credit repair services.

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