Month: June 2013

Starting a Credit Repair Business for Under $500

 

Start a Credit Repair Business for Under $500

If you’re looking to start a credit repair business you may have come to the conclusion that you basically have two options. The first is to piece together the business by paying separately for software, a website, contracts, training and other essential components by buying kits, CD’s and manuals. Or, you could purchase a credit repair franchise that presumably has everything you need to get started. We actually are going to provide you a third option for a credit repair business opportunity below that we believe you’ll find head and shoulders above the first two.

Neither of the first two options overcomes a major issue in the credit repair business. You need to have the time to not only find clients but also do the credit repair service for these clients. Finding clients is a full time job by itself. Doing the work of credit repair is another full time job. So, to work with either of the first two options you must come to the conclusion that you’ll have to limit the amount of credit repair business you can have coming in or you have to hire staff to go get the business or do the credit repair service, whichever part you do not want to do or are least skilled to do.

If you have done any homework on the topic you probably did an internet search for the following terms as we did

starting a credit repair business start a credit repair business

credit repair business opportunity

credit repair business franchise

and terms very similar. What you found are the types of opportunities mentioned above. Companies that provide pieces of the business, and others that offer a credit repair franchise.

Before you can decide on a company to work with that offers pieces of the credit repair business you need to understand all the pieces you’ll need. Here is a partial list of what you would need to start a credit repair business.

A web site– and text for that web site such as frequently asked questions, a marketing video explaining your service, a contact form, an option for a client to sign up for your credit repair service online, and more.

Marketing materials– brochures, flyers, videos, business cards, logo

Credit repair contracts for your state or other states if you want to do business outside your state

Software to assist in the credit repair process, sales tracking, and accounting

Dedicated phone line for customer support

Automated process for updating clients on the their credit repair progress

Training on credit repair law such as the Fair Credit Reporting Act and the Credit Repair Organizations Act, sales training, and business training that can be done online and in person.

We found no companies other than the third option which we’ll reveal below that provide all these pieces. Costs will range upward from $1,000 with these options to start a credit repair business. But that does not include many of the missing parts of your business. You can estimate the true start up costs yourself but our figure is conservatively at $10,000 over the first year.

Now you have the credit repair franchise option. We found two although there may be more.

CreditCRM has a start up of $19,500, and Credit Dispute Pro $9,500. Assuming they provide everything you need which you would need to investigate, these costs would be fine if they also provided an office to work out of which they don’t. Or a household name that everyone recognizes, which they don’t.

There is also a company once called Credit Repair Nerds that has now changed their name to Credit Repair USA which is not a franchise. They consider you a licensee. According to a video on their website as of the date of this post they’ve been bringing on licensees since March of 2015 and have about 90 such licensees. Licensing fees range from $999 to $4,500.

So, what if you could find a company that provided everything you needed to get started listed above?

You have a staff that does all the credit repair service work for you so your job would simply be to go out and get clients.

They offer credit repair at one of the most competitive rates in the industry.

And, offer clients a satisfaction guarantee.

And, they’ve been in the credit repair business since 2004, have an A+ rating and are accredited by the Better Business Bureau and their credit repair division is accredited by the National Association of Credit Services Organizations

They do not limit you with geographical limitations. You can do business in any and all 50 states.

And, can find and develop other individuals who wanted to also be in the credit repair business, and get paid on their business.

You can offer other services such as a Will and Trust, LifeLock, a service to help your clients pay off their bills faster, a service that showed them how to increase their credit score beyond just fixing their credit, and more.

They provide the benefit of up to $100,000 in life insurance for their Independent Agents.

And, you could get started immediately for less than $500.

In addition, the online, conference call, and live seminar training that is second to none. You’ll also have the opportunity to work directly with two of  the top producers in the company.

Well, if you’re serious about getting into the credit repair business this is not a hard decision.

ERA Credit Services can provide you with the opportunity to be in the credit repair business, get everything listed above, and do it for less than $500 out of pocket start up costs. You can literally start today and begin earning money by the end of the day. On top of everything listed above we have the best compensation plan in the industry.

If it sounds too good to be true, it’s not. We have simply found a way to provide a better opportunity. Don’t you owe it to yourself to find out more?

Watch This Video to Learn
How to Start a Credit Repair Business for Less Than $500

If you are seriously interested in a career in credit repair and finding out more contact us at info@eracreditservices.com, visit our website at www.eracreditservices.com or call 727-222-0120 right now!

Repairing Credit After Bankruptcy

If you are contemplating bankruptcy, have filed bankruptcy but it has not yet been discharged by the court, or if your bankruptcy has been successfully discharged, you are not alone. According to statistics from the Administrative Office of the U.S. Courts over 1.2 million people filed for bankruptcy in 2012. However, you are also going to want to know how to repair credit after bankruptcy.

credit repair after bankruptcy

However, that may not give you a comforting feeling because your credit and credit score has taken a serious hit. It’s true that you’ll soon, if you haven’t already, be receiving credit card and other offers of credit in the mail because those companies know that you cannot file another bankruptcy for a long time. But beware of the interest rates and annual fees being offered especially from companies offering you an auto loan.

Fully Recovering From Bankruptcy

If you want to fully recover after a bankruptcy you can. But you must be proactive. Sitting back and waiting for the bankruptcy and the listings on your credit report from each of your creditors to fall off your report will not help at all. To repair credit after bankruptcy you want to work in two general areas as soon as possible.

Develop Positive Credit

First, you want to develop positive credit. If you can get a credit card (possibly a secured card) with a decent interest rate, do so and use it. Do not put items on your credit card that you cannot pay off each month. Buy your groceries and gas (items you have to purchase anyway) on the card and pay the balance each and every month. You’re trying to demonstrate responsible use of credit. There are other proactive steps you can take as well. If you visit
www.eracreditservices.com and fill out the contact form we will email you a list of several steps you can take to increase your credit score.

Repair Credit After Bankruptcy

Second, you want to go through the process of after bankruptcy credit repair. You should try to remove the derogatory items on your credit report that are dragging your credit score down including the items included in the bankruptcy. You may be surprised to find out that these items do not have to remain on your credit report for 7 to 10 years. If you request it, your creditors (the ones in and outside of the bankruptcy) must verify the accuracy of the listings on your credit report. In many cases, if a creditor is not entitled to any more money from you (as in the case of a bankruptcy, foreclosure, short sale or repossession) they will choose not to respond to this request. Federal law then mandates that the item must be removed from all 3 major credit bureau reports (Experian, Equifax, Transunion).

Would You Fix Your Own Car?

You can do this yourself if you have the time to learn how to do it and the time to actually do self credit repair. But just as most people do not fix their own car, or represent themselves in court, it’s best to let an experienced company go to work for you. Is there a guarantee that your creditor will let it go and not respond? No, but if you do nothing you will be guaranteed that these listings will remain on your credit report for up to 10 years.

Repairing credit after bankruptcy is possible and very worthwhile. To find out more about increasing your credit score and repairing credit after bankruptcy visit www.eracreditservices.com , email info@eracreditsrvices.com , or call 619-492-3040 or 727-222-0120.