HOW TO MANAGE YOUR DEBT – Understanding credit repair – Credit repair is a process of reviving credit score from ICU, in in order to get recognised by lenders.
Once your credit record is good you qualify for a loan application and your profile is moved from bad credit to clean record.
You will be able to apply for credit facility and enjoy a better interest rates and live within one’s financial means.
Management of debt involves the following steps;
- Assess your current credit status and determine by yourslef where repair is need.
- Determine a suitable credit repair, revival methods and learning services required
- Implement the credit revival services to improve your credit scrore
Know the outcomes of credit repair;
- A debt reduction strategy
- Living within one’s financial means and not overspending
- Improved budgeting
- Access to favourable and responsible lending via an improved credit score