Unlocking Financial Freedom: Dr. Bertha Winston on Credit, Funding, and Building Wealth

We had the pleasure of sitting down with Dr. Bertha Winston to discuss her journey, motivations, and the vital work she does in guiding people toward financial freedom. Here’s what she had to share about her mission, the importance of good credit, and her advice for those facing financial hardships.

What motivated you to start helping people repair their credit and secure funding?

“My motivation for helping people repair their credit and secure funding is deeply rooted in my belief in financial empowerment. I’ve seen first-hand how a lack of access to credit and funding can limit one’s opportunities and prevent dreams from becoming a reality. Poor credit doesn’t just affect a person’s finances—it impacts their quality of life, their ability to provide for their families, and even their mental well-being.

Having faced financial setbacks in my own life, I understand how overwhelming it can feel to dig yourself out. That personal experience drives my commitment to guiding others through financial recovery. When you see someone regain control of their finances and start moving toward a stable, independent future, there’s nothing more rewarding. Financial freedom isn’t just about money; it’s about unlocking opportunities and the potential that so many people have but can’t reach because of financial challenges. Being able to be part of the solution, helping people break free from these constraints, truly fulfills me.”

Why is having good credit essential for financial freedom, and how can people start improving theirs?

“Good credit is a powerful tool in achieving financial freedom because it opens doors to so many opportunities. It affects everything—from securing loans, mortgages, and credit cards to getting better insurance rates and even job opportunities. With a strong credit score, you’re able to access loans at lower interest rates, which saves you money and allows you to invest in things like buying a home or starting a business. These are the building blocks of wealth and financial stability.

To improve their credit, people can start by reviewing their credit reports to identify any inaccuracies that need correction. Paying bills on time is crucial, as payment history has a significant impact on credit scores. Reducing debt, especially high-interest credit card debt, is another important step, as is keeping older credit accounts open to lengthen credit history. Avoiding unnecessary credit inquiries also helps, as multiple inquiries can temporarily lower your score. By following these steps consistently, people can steadily improve their credit and set themselves on the path to greater financial freedom.”

Can you explain the steps you recommend for someone just beginning their credit repair journey?

“The first step is to obtain credit reports from all three major credit bureaus: Equifax, Experian, and TransUnion. Reviewing these reports helps you understand your current credit standing and identify any discrepancies. Next, thoroughly check for errors—anything from incorrect personal information to accounts you don’t recognize. Correcting these can instantly boost your score.

If you find inaccuracies, dispute them directly with the credit bureaus, either through their online portals or by sending formal letters. After that, prioritize paying off past-due accounts, especially those in collections, and establish a structured payment plan to manage outstanding debts. Focusing on high-interest debts first can help minimize compounding interest and improve your score faster. With time and disciplined efforts, credit scores can improve, setting the individual on a stronger financial path.”

What are the key factors that lenders look at when deciding to approve someone for funding?

“Lenders primarily focus on the credit score, as it provides an indication of your reliability in repaying past debts. A higher score generally improves your chances of approval. Debt-to-Income Ratio (DTI) is also crucial, as it reflects how much of your income goes toward debt payments. A lower DTI shows you have enough income to manage additional loans. Lenders also look at your employment history and consistent income, as well as collateral if you’re applying for a secured loan.

For business loans, lenders will review the business’s financials, including profitability, cash flow, and existing debt. They’ll also consider how you intend to use the funds, as a sensible loan purpose indicates low risk. Down payments or equity investments, as well as a stable credit history, also positively impact a lender’s decision. The stronger your financial profile across these areas, the better your chances.”

How can someone with poor credit still secure funding for business or personal needs?

“For those with poor credit, there are still viable funding options available. Building business credit, for instance, is a path that allows individuals to establish a credit profile separate from their personal one. Alternative lenders, such as online platforms or peer-to-peer lending, can also be more flexible than traditional banks, though they may come with higher interest rates.

Secured loans, where assets like property or equipment are used as collateral, can be easier to obtain since they reduce the lender’s risk. Crowdfunding is another effective option, allowing you to fundraise directly from supporters. Lastly, grants, especially those tailored to specific industries or demographics, offer funding without the requirement of repayment or credit checks. While working on securing funding, it’s also wise to focus on credit repair to open up future financing opportunities.”

What advice would you give to someone who feels overwhelmed by their financial situation?

“For anyone feeling overwhelmed, my advice is to take a moment and breathe. Begin by assessing your current situation, listing out income, expenses, and debts. Once you have a clear view, create a simple budget focusing on necessities—housing, food, transportation, and utilities. This will help bring control and clarity.

Setting small, manageable goals can provide a sense of accomplishment. Seek out support if needed, whether it’s through a financial advisor or coach. Finally, remember that financial recovery is a journey. Don’t let short-term setbacks derail your long-term goals, and make self-care a priority throughout. A clear, focused mind leads to better financial decisions.”

Through her extensive experience and practical guidance, Dr. Evangelist Bertha Winston empowers individuals to regain control of their financial lives, proving that with the right approach, financial independence is achievable for anyone.

For those interested in learning more about Evangelist Bertha Winston and The Winston Experience, visit her official website at www.thewinstonexperience.com. You can also follow her on social media for updates and inspirational content.

• Facebook: facebook.com/thewinstonexperience
• Instagram: instagram.com/winstonexperience
• Linkedin: linkedin.com/in/bertha-winston