From the Blog

Want to Start a Credit Repair Business or Create a Job For Yourself?

Want to Start a Credit Repair Business or Create a Job For Yourself?

Over the past 5 years I’ve had over 2,000 people contact me because they want to start a credit repair business. I admire them. They want to strike out on their own and build something for themselves. However, most of these people are initially misguided.

Typically they see themselves doing the credit repair work. You know sitting behind a desk, analyzing credit reports, and drafting dispute letters. What they don’t realize is that there is less value in doing the admin work than getting the customers. That’s reflected in the hourly wage a credit repair company will pay for that type of work which is about $10-$15 an hour. The value is in getting customers.

However, you can’t both get customers and do the admin work effectively. There just isn’t enough time in the day. If you have no customers, you have no work. If you have lots of customers where are you going to find the time to deliver the service? If someone truly wants to draft dispute letters they should never start a credit repair business. Just go work for a credit repair company. It’s a lot less stress, you don’t have to do everything else, and it doesn’t cost you anything.

Let’s say someone ignores this advice and they still want to start a credit repair business. They feel they can do both, get customers and do the admin work. They may even hire employees to do the admin work so they can do the marketing and selling. Or, they hire someone to do the marketing and selling so they can sit behind a desk and analyze reports and draft dispute letters.

Here are some million dollar questions. What happens if you can’t work? What happens when you want to take time off? Who’s going to take calls from customers after 5 pm and on weekends? Who’s going to get the work done when your employee is sick or has to take time off themselves?

What someone has built in this scenario is a business that owns them. They have no more leverage than when they worked at a job. They have even less leverage because they can’t walk away from their obligation to their customers.

Trust me on this. My wife and I were in this situation 5 years ago. It’s overwhelming and seems like there’s no way out. If we stop we lose our income. If we keep going we’re unhappy, stressed and overworked.

What’s the solution if you truly want to start a credit repair business? Build something for yourself but not by yourself. Create an expandable business that can operate without you. Become a true entrepreneur.

In order to do that you needs two things. One is a system. You could call it an infrastructure. Websites, other technology, customer service, service delivery, legal team, marketing materials, employee training, etc. You can build this yourself with a ton of money, time and management headaches. Or you can leverage what someone else has already done. I like the second option. Then you need a distribution network. You’ve got to have other people exposing your business, selling to customers, and finding other people to expose your business.

In other words, why reinvent the wheel? Someone’s already done that. Use their wheel. They may take some of your profit as compensation for having built this infrastructure. But it takes millions of dollars to build a top notch, professional, reliable, and completely legal infrastructure. Do you have millions of dollars?

And, instead of hiring employees why not show others what you did, let them start their own business too, and get paid on what they produce? You have no overhead, employees, or liabilities!

In this scenario you’ll still need to work the business yourself for some time. Maybe 5 years, 7 years, 10 years.  But along the way you’ll develop a business that operates without you for a period of time. And an income stream that keeps paying you even when you take time off, are sick, etc. Eventually you will be able to walk away entirely and get paid the kind of income entrepreneurs get paid.

If you’ve researched how to start a credit repair business you might think what I’m describing is expensive, takes too much time, and that you don’t know how to do it.

The truth is that if you have about $500 to start and are willing to invest profits back into your business, you can do this.

If you have between 10-15 hours a week or more, you can do this.

If you are willing to get trained online, listen to conference calls a couple of times a week, and attend seminars, you can do this.

How do I know all this? My wife and I did it. Our business will generate over $1 million in revenue this year. And, we do it all from home without ANY employees. In fact, we now train other people who want to start a credit repair business. They want a true business that they own. Not a business that owns them.

We can help you too if that’s what you truly want, are open to new concepts, have some money to invest , have some time, and are willing to learn.

For more information visit Want to Start a Credit Repair Business or call us at (727) 222-0120.

Financial Fitness Program

More than ever before people need help with their personal and financial affairs. There are many reasons for this. The primary reason is that as a country, we are earning less in relation to inflation than we were 20 years ago. In addition, what we need in order to get our financial affairs in order is not organized and readily available for the average person. That is why we have developed a Financial Fitness Program.

Did you realize?

  • The average U.S. household credit card debt is $16,000 – NerdWallet.com
  • 69% of Americans have less than $1,000 in savings and 49% of those people have no savings at all – CNBC.com
  • 49% of Americans are living paycheck to paycheck – CNBC.com
  • The U.S. median family income rose just 2.8% since 2017 while the cost of living has increased 77% – US Bureau of Labor Statistics

We are certainly up against a series of circumstances that makes financial fitness next to impossible. Another factor is that we were never taught how to handle our finances in school, even college. We simply aren’t equipped on our own to develop a financial fitness program.

Financial Fitness Program

At ERA Financial and Credit Services we have joined forces with a company to provide an affordable financial fitness program for everyone. We call it The Protection Plan Membership. To get all these services and programs someone would have to get them from multiple sources and pay over $10,000. That’s just not realistic. So, we have put all these services together into a financial fitness program for only $89/month!

Here’s What Comes in Our Financial Fitness Program

  • A Debt Payoff System
    • 35% of Americans make only the minimum monthly payment on their debts. We show you how to pay these debts off faster saving tens of thousands in interest payments and how to live a debt free life.
  • Identity Theft Protection with LifeLock
    • Every 2 seconds an identity is stolen. 143 million people had their identity stolen through Equifax, one of the big 3 credit bureaus.
  • A Last Will, Living Trust, and Medical & Financial Powers of Attorney
    • Everyone should have these important documents in place but 65% do not.
  • Online Tool to Inform Loved Ones of the Location of Important Assets
    • $58 Billion goes in life insurance policies, 401k programs, bank accounts and other assets because loved ones don’t know they exist or where they are located.
  • Credit Enhancing Services
    • Today your credit is like a vital sign of your Financial Fitness. With a less than great credit score people pay more in interest and deposits, and can be turned down for purchases or to rent or lease.
      • Online Credit Monitoring with all 3 credit bureaus showing credit scores and credit reports
      • Education and recommendations on how to have an optimum credit score
      • Credit Repair to remove derogatory items from a credit report and increasing one’s score
      • A Credit Attorney that will step in if necessary
  • Money Savings Services
    • A Discount Travel Company with an online portal that saves thousands on hotels, resorts and vacation packages
    • A Discount Prescription Drug program that provides an average savings of 41%
    • An Insurance provider to insure that people are getting the right coverage at the best premium rates

To find all these services and programs on your own and become Financially Fit would be very difficult And again, very costly.  With our Financial Fitness Program called The Protection Plan these services come together. You get an online portal for easy access and coaching from our expert Support Team.

All for a one time set up fee of only $188
Then just $89/month

Think about it. If you can pay down your debt and therefore pay less interest on your debt ongoing, that would save far more then $89/mo.

If you could increase your credit score and pay less interest on your mortgage, car payment and credit cards that would save far more then $89/month

If you could prevent identity thieves from using your identity to open accounts in your name that would save more than $89/mo.

And, if you could save on personal or business travel throughout the year that would save far more then $89/mo.

Start Your Financial Fitness Program Today!

For more information call

East Coast (727) 222-0120
West Coast (619) 492-3040

Or email us at Info@eracreditservices.com

Financial Fitness Program

Home-Based Business Seminar & Training

I Want to Personally Invite You
to Come Out and See Me Next Friday Night
October 6th at 7:30pm
in Orlando, Florida!

Free and Open to the Public
Invite Your Friends & Colleagues

home-based business overviewLearn About a Home-Based Business
That You Can Start with $500, Work 10 to 15 Hours a Week, and be Taught How To Do It by People That Have Done It

Then on Saturday & Sunday…

I will be conducting a training seminar that will provide you with the mindset, skill-set, knowledge, system, action plan, tools, awareness, motivation and confidence to build a successful business as well as a superior quality of life!

Perfect for Both New & Veteran Business Owners

If You’ve Never Been to Our 2 Day Training
You Owe It to Yourself to Attend

home-based business seminar

For More Information or to Register for the Weekend
Visit Secrets of Success

To Contact Me Directly
Visit http://eracreditservices.com/contact/

Reasons Why Credit Repair StartUps Fail

We started a credit repair business 5 years ago and have developed it into a very successful business that will produce nearly $1 million in revenue in 2017. The truth is that we didn’t know a lot about the industry at the time. Nor did we have a successful track record of owning a business or being an entrepreneur. We’ve learned a lot over those 5 years. We’ve discovered the keys to running a thriving credit repair business and want to share the reasons why credit repair startups fail.

Let’s assume someone navigates through all the federal and state laws and has the time and money to get their credit repair business started. What are the unforeseen challenges lurking around the corner and the main reason why credit repair startups fail?

TIME

Do you have the time to find clients, sell to those clients, and service those clients? People often underestimate the time it takes to do marketing, sales, and service delivery. Sure you can get your first clients simply through word of mouth. Everyone knows people that need help with their credit score. But what happens when that pipeline dries up? You need a professional, focused marketing approach that will get your phone ringing from the general public. Then you need to know your competition in order to sell against them. You also must know how to add value to your service when speaking to a client prospect. In other words, you have to be a good, if not great salesperson. Then you have to deliver a great service to the client. This all requires time.

TECHNOLOGY

One of the biggest reason whys credit repair startups fail is due to competition from bigger companies. And, one of the components you need to compete with big companies is technology. Do you have a portal for your clients to use to stay informed of the progress of their account? If not, will it be enough for you to call them continually or them to call you? And once again, do you have the time to keep your clients informed this way? That’s just one piece of technology you’ll need. However, there’s much more needed.

TEAM

Having the time to run your business is a huge issue. A lot of people want to start a credit repair business part-time for extra money. Possibly they have the intent of building up their business and turning it into a full time operation at some point. Quite often they eventually realize that trying to get a business to the point of leaving their job requires much more time than they anticipated. The only solution to that problem is to have a team of people available for Customer Support and Sales.

Before you invest a lot of money, time, energy and effort into starting a credit repair business you need to heed this warning. Most credit repair startups fail because the people that start them do not have the time to make it work. And, they don’t have the time or expertise to develop a team for Customer Support and Sales to save them time. It’s a Catch 22, a conundrum!

TRAINING

Yes, I understand that companies on the internet will sell you software and a website and tell you that it’s easy. I’m telling you that there’s nothing easy about it. There are companies that will train you on how to do credit repair and even give you a certificate. But they don’t teach how to get customers and how to sell your service. They don’t teach you how to position yourself against the competition. They don’t teach you how to be a successful business owner. They don’t teach you how to be an entrepreneur.

You not only need training on how to market your business, but also how to sell to customer prospects once you get them. But the biggest factor is to get trained on how to think, act and be a successful entrepreneur.

HERE’S THE SOLUTION

We owned a business prior to starting a credit repair business. Therefore we already realized some of the pitfalls described above. We wanted to avoid the several reasons why credit repair startups fail. So, we found a credit repair business opportunity that offered solutions to these pitfalls.

This opportunity provides us the ability to save time because we don’t have to provide the service delivery. We have an expert team available to us that does that for us. And, they handle customer support far better and more efficiently than we could do for ourselves. They provide all the technology we and our clients need, and more! They allow us to go out and build a sales team all over the country so we do far more business than we could ever do ourselves. And, they’ve trained us on all aspects of the business.

And you know what? We initially invested less than $500 in our credit repair business! We now earn well over $100,000 working from home.

In a nut shell we are successful entrepreneurs because they provide everything that we couldn’t. It would take millions of dollars to do what they already have. And, we have been able to avoid all the reasons why credit repair startups fail.

If this sounds like a better way, contact us. We’ll show you the business. You can determine for yourself if this can help you be successful as well.

Visit Business Opportunity Details

There you can read more about this credit repair business opportunity that will help you avoid the reasons why credit repair startups fail. We have a detailed video that will explain what you need to know. Then you can schedule a phone appointment to get your questions answered. We look forward to hearing from you.

Reasons Why Credit Repair StartUps Fail
Start a Business That Helps Others

Start a Business That Helps Others

According to Forbes, 70% of people hate their jobs. And ironically, 70% of Americans would prefer to be self employed. The question is, “what type of business should someone start?” Many want to start a business that helps others.

If you take a step back and look at the American society and economy you can see that a lot of help is needed for Americans today. It’s true that the unemployment rate has fallen steadily since 2010. And, generally the economy is in better shape. But the following is also true:

So, we’ve uncovered a few different ways to start a business that helps others. The most obvious is to educate and help the average American family understand the importance of saving for the future.

But in most cases it’s not just education regarding the need to save. Most families that don’t save will say they don’t have enough money. So, they must understand budgeting and debt reduction.

In addition, 68 million Americans have a poor credit score. This may cost them the most. With a low credit score they are spending far more than needed on interest payments on cars, homes and credit cards. By increasing their credit score the average person can save up to $200,000 and more in paying lower interest rates.

Further, 65% of Americans have no Will, and more don’t have a Living Trust putting their assets and family at risk.

Start a Business That Helps Others

These are areas of need that can be fulfilled by someone that wants to start a business to help others.

You may surmise that the underlying reason all of the above is happening is that the average American family isn’t making enough money. What if you could start a business that helps others by also showing them how to start their own home-based business helping others?

Think about it. You could have a business that helps others by offering services that educate them on how to save more of the money they earn. And, for those that want to earn more, you could show them how to start a business that helps others as well. And earn income from their business.

This is what we have been doing for the last 5 years. We have helped nearly 1,000 families get into a better financial situation. We’ve helped hundreds more start their own business to earn more income. And, we get paid on the production of those businesses.

We have changed our own financial situation dramatically. We also receive the gratification knowing that we help others every single day.

To Learn More About Starting a Business That Helps Others

Watch This Video

Then call us at (727) 222-0120 to talk about how you can start a business that helps others

Or visit Business Opportunity to schedule a phone appointment

Start a Financial Services Business for Under $500

There are two powerful forces leading people to start a financial services business.

The first is the fact that our economy in the U.S., although doing better than 2008, is causing the average family to struggle. Think about it. Not too long ago one income families got along nicely. People were able to save for their kid’s college expenses and their own retirement. Today it requires two incomes just to make ends meet. In many cases, saving for college and retirement just isn’t happening.

The average family needs a solution. They need help with budgeting, debt payoff, increasing their credit score, preparing a will and living trust, and much more.

The second factor is that a growing number of people want to take back control of their own income, time, retirement and advancement. Companies no longer provide 401k programs and advancement opportunities as they once did. And, Forbes magazine claims that 70% of employees hate their jobs.

Therefore, smart entrepreneurial minded people are seeking a way to start a financial services business. They want to leave their job, work from home or open their own office, and take back control of their future.

Many people will look at financial services franchise opportunities. Often these opportunities require licensing and are very niche oriented. Certain financial services franchises concentrate in one area only such as loans, tax, or insurance.

The biggest factor in buying a financial services franchise might be the cost. Many require capital investments of $50,000 to well over $200,000. The least investment required is about $20,000. Someone can get a loan to buy a franchise but how long is that going to take to pay back? Why take on the risk especially when starting a financial services franchise in a field that is new?

We have an alternative. You can start a financial services business for an investment for under $500. Note that even though the upfront investment is very small, it doesn’t mean the return on investment isn’t every bit as large as purchasing a financial services franchise for $200,000.

The parent company, Financial Education Services (FES), has been in business since 2004. Over that time they have produced many Independent Agents that earn very strong 6 figure incomes. Some earn 6 figures per quarter. And, they run their business from their home or an office.

FES has a suite of financial services that focuses on helping the average family to become financially fit. Debt reduction and pay off (not debt consolidation), capital preservation, building positive credit, estate planning, and protection are areas of concentration. None of these services provided require the Independent Agent to be licensed. This allows for a quick start up in the business.

My wife and I started a financial services business with FES in 2012. We soon after closed our accounting business and work this business full time from home. We now live a lifestyle that we always thought about but never could make happen before. This lifestyle is partly due to our income but also because of the freedom it provides us. We take time off when we want, not when we are told we can.

If you would like to learn more about owning a financial services business you can simply give us a call after you watch the video below. This video will provide you with details on FES, the services offered, the compensation, training program and investment to get started.

Watch this video and give us a call right now! You have nothing to lose and everything to gain by taking a strong look at a great financial services business opportunity.

To Schedule a Phone Appointment Visit Business Opportunity

or Call Us at (727) 222-0120

Start a Financial Services Business for Under $500
Debt Reduction for Overall Financial Fitness

Debt Reduction for Overall Financial Fitness

We are best known for helping consumers increase their credit score. However, in many cases the reason why people have a low credit score is because they have too much debt. And, they don’t know how to pay it off or at least pay it down. Debt reduction is an important component to your credit score and overall financial fitness.

There are two ways generally someone can learn how to reduce their debt. One is to pay someone to do it for them. This is costly and doesn’t really teach the consumer how to do it themselves reducing their capability to maintain low debt in the future. The other is to learn how to do it yourself by using a program that walks you through it step by step.

Fortunately we provide our clients with an online program to help them reduce their obligations. By paying down their balances in relation to their limits or original loan balances it increases their credit score. And, they ultimately save thousands of dollars in interest.

Debt Reduction Simplified

This program simplifies the complexity of figuring out what debt to pay first, then next, etc.. You start by inputting your debt obligations including interest rates and pay off amounts. Then the program runs a report showing which debts to concentrate on paying down. Even if you can only add a small amount of money each month to paying the most expensive debt, it reduces the principal amount of that dramatically over time.

The most expensive debt is not necessarily the one with the highest balance. It may be the one that has the highest interest rate. The program identifies this for you and suggests how much more to pay on that debt.

Once that debt is paid down and ultimately paid off, it then suggest you take the entire payment amount you were applying to the first debt, and pay the next most expensive debt. This method can literally save you thousands of dollars, maybe tens of thousands of dollars.

For more information on our Debt Reduction program and how we can help you become more financially fit contact us by visiting us at http://eracreditservices.com/ or calling our office.

West Coast (619) 492-3040
East Coast (727) 222-0120
email: info@eracreditservices.com

First Time Home Buyers with a Low Credit Score

First time home buyers with a low credit score can purchase a home. However, it depends on how low the score is. FHA guidelines for first time home buyers allow a credit score as low as 580 with a 3.5% down payment. For those with a lower score the guidelines call for a 10% down payment.

However, even though the FHA has these guidelines lenders don’t typically follow them. They require as high as a 640 credit score to get the 3.5% down payment. The reason lenders require a higher down payment is that the FHA penalizes them for too many bad loans. Therefore lenders are protecting their ability to offer FHA programs long term.

First Time Home Buyers Low Credit Score – Reasons

There’s more than one reason why someone may have a less than 580 credit score. Younger people simply may not have established enough positive credit. They have clean credit report but not enough on the credit report. This person would be wise to use an FHA loan to purchase a home if they have the income.

Some people that have a sub 580 credit score have a lot of negative items. They may have just fallen on bad times in the past. This person should go through the process of repairing their credit. This would increase their score and lower the interest rate on the loan.

However, there is a category of people that need to budget themselves first. Diving into a $200,000, give or take, mortgage when they are struggling to pay bills now is not a good move. They need to stabilize their financial situation before taking on further debt. This is true even if their mortgage payment is less than their rent payment. If you don’t pay your mortgage you can lose your home.

If you fall into any of these 3 categories we can help. We have services to help people build credit, remove negative items from their credit report, and budget themselves and otherwise stabilize their finances.

Call us on the East Coast at (727) 222-0120
Call us on the West Coast at (619) 492-3040
or visit us at www.ERACreditServices.com 

First Time Home Buyers with a Low Credit Score
How to Qualify for a Mortgage

How to Qualify for a Mortgage

As of the writing of this post the real estate market is as hot as it’s been since 2007. Many consumers are looking to purchase a home soon because they anticipate that prices will continue to go up. However, many that want to buy a home cannot qualify mainly due to credit score. The most important factor in learning about how to qualify for a mortgage is a credit score.

This issue not only affects the prospective buyer, but also the real estate or mortgage professional that is assisting them. Most people in these industries realize that the first thing they must do is ascertain if the prospect can qualify. In most cases, if they cannot, it’s due to a credit score issue or other issue involving their credit report.

Working with Real Estate & Mortgage Professionals

Many real estate and mortgage professionals have realized that spending their time to advise a person how to clean up their credit report is time consuming.  And, a lot of time it doesn’t lead to a closed escrow because their client doesn’t follow through on their own.

That’s where we come in. We do nothing but help consumers increase their credit score. And, we have several ways of doing it. Although credit repair is a great step, it is not the only step to be taken. By referring their credit challenged clients to us real estate and mortgage professionals can continue to work on their low hanging fruit, those buyers that can qualify right away. They don’t have to teach their prospect how to qualify for a mortgage.

We work with their credit challenged client and keep the real estate agent or mortgage broker informed of their clients progress. When we do get a client to that 640 score, or the score needed to qualify, we remove any remaining disputes to avoid any issue in underwriting.

We’ve been doing this since 2004, have an A+ BBB rating and are certified by the National Association of Credit Services Organizations (NACSO). We work in all 50 states and currently work with some of the biggest names in the real estate, mortgage and banking industries.

If you are a real estate or mortgage professional give us a call by scrolling to the bottom of this page for our contact information. Or, visit www.eracreditservices.com

How to Start a Credit Repair Business

If you want to learn how to start a credit repair business you first have to ask yourself some questions.

How many hours per week or per month do I have to devote to a credit repair business?

Do I have the necessary expertise in technology, sales, marketing, and customer service?

When I start my credit repair business do I want to do all the work myself?

Do I want to do it the hard way or the easy way?

I’m not trying to dampen your spirits about learning how to start a credit repair business. I’m trying to save you a lot of time, energy and money. The reason I am qualified to do this is only because I started a credit repair business in August of 2012 and become very successful with it. If I can pass along what I’ve learned to you then taking the time to write this is well worth it to me.

I get calls from many people every week asking me about this topic. The fact is that we don’t know what we don’t know. Then we read on the internet how easy it is and how much money we can make. It’s therefore, very enticing to learn how to start a credit repair business.

What they don’t tell you is that if you have to do all the marketing, selling and service delivery yourself, you’ll never have enough business to make a substantial income. The reason is that there just isn’t enough hours in a day. The solution is to have other people representing you that are independent and not employees.

I’m sure you’ve figured this out by now but here’s what you need:

  • Credit repair law training and how to build a business in this industry
  • Knowledge of the federal laws and laws in your state
  • Knowledge of the competition both locally and nationally
  • Technology to build online reporting for your client
  • A website to market your business
  • Knowledge of how to market a credit repair business
  • And more…

Many companies that want to sell you their software may tell you that you don’t need any of this. Or, that it’s simple to learn. It’s not.

After 5 years in the industry I would suggest that you align yourself with a company that’s already done all of this and simply represent them as an Independent Agent. Get your business started now by using what someone else has already built. Be successful with it. If at some point you’re still dead set on starting your own separate company, at least then you’ll know not only what is necessary, but how to do it.

There are a few companies out there that give you the opportunity to align with them and still have your own business. Credit Repair USA and Allied Credit Solutions are two of them.  However, there is only one company that I’ve found that gives you everything you need to be in the credit repair business. They also give you the opportunity to bring on other people. They train these people. And, you get paid for their production.

This means you can be in business tomorrow and avoid the overwhelming amount of information you’ll have to learn about how to start a credit repair business.

Click this link to find out more http://eracreditservices.com/credit-repair-business-opportunity/. Here you’ll find two powerful and informative videos to help you. Then you can make a decision as to what direction you go next.

How to Start a Credit Repair Business