If you want to start credit repair business and have already done a bit of searching on the internet you may have come to the conclusion that you basically have two options. The first is to piece together the infrastructure of your business by buying software to generate dispute letters, a website, contracts, training and other essential components. 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 to start a credit repair business below that solves a major challenge that the first two do not.
The Challenge in Starting a Credit Repair Business
Neither of the first two options overcomes the challenge of having enough time to not only find clients but also provide the credit repair service for those clients. Finding clients is a full time job by itself. Doing the work of credit repair is another full-time job. Therefore, the first two options come with limitations to the amount of credit repair business you can generate. To break through this limitation you’ll have to hire staff to go out and get the business or deliver the credit repair service to your clients, whichever part you do not want to do or are least skilled to do. More about this will be discussed below.
And here’s something else. When you get started and talk to your first sales prospects what are you going to say when they ask you about your track record, how long you’ve been in business, the results you’ve been able to achieve for previous clients?
Further, and perhaps most importantly, it is imperative to receive training on how to build a business. This is especially true if you have never started a business before. What if you could be trained by people that have already achieved significant success in building a credit repair business? Wouldn’t it make sense to duplicate what they have already done?
What Do You Need to Start Credit Repair Business?
If you have searched around the internet you probably did a search for the following terms-
start credit repair business
how to start a credit repair business
starting a credit repair business
credit repair business opportunity
credit repair business franchise
and terms very similar. What you most likely found are the types of opportunities mentioned above. Companies that provide pieces of the infrastructure, 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 infrastructure you’ll want to understand what you’ll need. Here is a partial list of what it takes to start a credit repair business.
First off a web site is essential, of course. If you know how to use WordPress or otherwise can build a website, that’s great. Or, you can pay someone to set up the site for you. Either way you’ll still need to draft 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.
Another important element is giving your client online access to their account and the ability to check on the progress of their service, what items are being disputed, what items have been deleted, etc. This is essential to compete in today’s credit repair market.
You’ll need professionally designed marketing materials- brochures, flyers, videos, business cards, logo. Many companies today have quality videos about their credit repair service.
You’ll have to provide credit repair contracts for your state and other states if you want to do business outside your state. Note that if you want to conduct business outside your own state you’ll have to fulfill all the requirements in each state as you do with your own state.
You’ll need a dedicated phone line for sales and customer support. Using your personal phone for your business not be sufficient.
You’ll of course need to find training on credit repair law such as the Fair Credit Reporting Act and the Credit Repair Organizations Act, sales training, and training on building a business that can be done online and in person. Here’s list of states that require Surety Bonds
What Credit Repair Companies Provide Everything?
There are companies that provide a lot of the essential elements in getting your credit repair business s started. CreditRepair Cloud is one of those companies. The cost will range from $179 to $599 per month. But CreditRepair Cloud doesn’t overcome the big 3 challenges. You still have to do all the work of getting clients and delivering the service, you have no track record, and you get no business building training.
Credit Repair Franchise
When we first launched our business in 2012 there were some franchise options. Those companies have now gone out of business. There are many reasons why the franchise option didn’t work. Restricted territories, high start up costs, and franchise fees are a few.
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 they’ve been bringing on licensees since March of 2015 and have about 90 such licensees. Licensing fees ranged from $999 to $4,500. They now seem to be offering a new program for $99/month. It’s difficult to figure out what their business model is from their website so we suggest you call them if your interested.
You’ll have to check with them to see if they have registered with your state and followed through with state requirements such as a surety bond. If they have not you’ll have to provide that yourself. Even if they have you may be restricted to doing business just in your state.
The Company That Provides Everything to Get You Started in Credit Repair for Just $300
So, what if you could find a company that provided everything you need to get started as stated above?
And, did all the credit repair service work for you so your job would simply be to go out and get paying clients.
And, offered credit repair at one of the most competitive rates in the industry.
And, offered clients a satisfaction money back guarantee.
And, has been in the credit repair business since 2004 with stellar third party documentation.
And, did not limit you with geographical limitations. You can do business in any and all 50 states.
And, gave you the opportunity to develop an unlimited team of other Agents, and get paid on their business.
And, allowed you to offer other credit related services such as online credit monitoring, credit and identity protection though Lifelock, suggestions and solutions of positive trade lines for your clients, a Will and Trust, a service to help your clients pay off their bills faster, and more.
And, provided you with all their services potentially free and included up to $100,000 in term life insurance.
And, you could get started immediately for $288.00 plus $89/month. By the way, the $89/month is waived after you get your first 5 customers.
In addition to training that is second to none, you get one on one mentorship from someone who has built a business using the same system and is one of the top producers in the company.
If you’re serious about getting into the credit repair business this is not a hard decision.
ERA Credit Services can offer you the opportunity to start credit repair business, get everything listed above, and do it for $288.00 out of pocket start up costs. You can literally start today and begin earning money by the end of the day. We also 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?
This was originally published in April of 2016 and has been updated for accuracy.