Month: February 2019

<img class="blog_post_image" src="https://eracreditservices.com/wp-content/uploads/2019/02/credit-repair-usa-review-comparison-era-credit-services-1-625x415.png" alt="Credit Repair USA Review
Comparison with ERA Credit Services" />

Credit Repair USA Review
Comparison with ERA Credit Services

A key decision to make when starting a credit repair business is the type of business model. You can start it from scratch, buy a franchise, or become an independent representative. Our company, ERA Credit Services, utilizes the latter option. There are others that do as well. And, one of those companies is Credit Repair USA. Below is a Credit Repair USA review and comparison with ERA Credit Services.

This Credit Repair USA review and comparison with ERA Credit Services is designed to be as objective as possible. However, I have not been formally trained on the details of the Credit Repair USA opportunity and specifically the Credit Repair USA compensation plan.

All information gathered for this comparison was generated from the Credit Repair USA website at www.creditrepairusa.us and other resources such as the BBB and NACSO websites. To insure a complete understanding of comparison of these two opportunities you should visit the Credit Repair USA website and call them at (832) 945-5228.

ERA Credit Services is an Independent Agent for Financial Education Services (FES) and United Credit Education Services (UCES). Information used for this comparison includes that regarding FES and UCES.

In this Credit Repair USA review and comparison we’re going to look at 4 key areas:

  • Company Background & Certifications
  • Services Offered & Cost to Clients
  • Business Costs
  • Compensation to Independent Reps or Agents

Company Background & Certifications

Credit Repair USA

BBB rating- *None

BBB accreditation – *None

NACSO accreditation – None

Credit Repair Nerds rebranded as Credit Repair USA within the last few years

ERA Credit Services

BBB rating- UCES A+

BBB accreditation – YES

NACSO accreditation – UCES YES

Since 2004

Same Owners

Debt Free Company

This category is important for 2 reasons. If you’re going to commit to representing a company and building a business around that company’s brand, what type of track record does the company have? And what type of credibility will you have when representing this company in the market? Credit Repair USA does not have a Better Business Bureau rating and is not accredited by the BBB or the National Association of Credit Services Organizations. In addition, the brand Credit Repair USA is relatively new. ERA Credit Services gives an Agent instant credibility in the market and has a solid track record since 2004.

Services Offered & Cost to Clients

Credit Repair USA

Credit Repair – $99/mo

Public Records – $49/mo

Inquiry Removal – $499

Credit Building – credit cards

700 Credit Club – $3,500

Cost for 6 months of service for credit repair and removal of public records- $888.00

ERA Credit Services

Credit Repair – $99 + $89/mo

Online Credit Monitoring

Identity Monitoring

Credit Builder – many options

Online Debt Payoff

Online Budgeting

Credit Attorney

Will & Trust

Savings Planner

6 months cost for credit repair, removal of public records and all other services listed above – $633.00

Credit Repair USA charges more for their services and had a limited number of credit related services. ERA Credit Services offers far more services at a lesser cost to the client.

Upfront & On Going Business Costs

Credit Repair USA

$99/month Business Fee

$99/month for credit repair

Total $198/month

Annual Cost- $2,388

ERA Credit Services

$199 one-time fee

$89/month for all services including up to $100k in term life insurance.

Services are free with 5 customers and/or Agents

1st Year Cost- $288 to $1,267

Credit Repair USA charges a monthly business fee that will never stop. They charge more if their reps want services for themselves. ERA Credit Services offers a one-time business fee, a lesser fee for far more services, and an opportunity to get all the services free.

Compensation – Customer Sales

Credit Repair USA

$99/month

Rep Level 1 – 25% = $24.75/mo

6 months = $148.50

Rep Level 2 – 50% = $49.50/mo

6 months = $297

ERA Credit Services

$99 set up plus $89/month

$100 plus $12/month residual

6 months- $160

The compensation for personal customer sales does not change at any level

At an entry level or part-time level ERA Credit Services pays out more for customer sales. Credit Repair USA has a Level 2 which requires 12 sales every 90 days. At Level 2 the compensation is more than that of ERA Credit Services.

Compensation – Team Building

Credit Repair USA

Rep Level 1

Recruit 10 Reps

24.75/mo/Rep= $247.50/mo

6 months = $1,485

No compensation on your Reps activity (Sales or Team Building)

ERA Credit Services

Agent

Recruit 10 Agents

CAB = $1,000

Residual = $72/Agent

6 months = $1,720

Plus Overrides on Team Sales & CAB bonuses on Team Recruiting

Credit Repair USA

Rep Level 2

Recruit 10 Reps

49.50/mo/Rep= $495/mo

6 months = $2,970

10% on Rep Team Building ($9.90/mo)

10 Reps = $594 Total – $3,564

ERA Credit Services

Sales Director

Recruit 10 Agents

CAB = $3,800

Residual = $72/Agent

6 months = $4,520

Plus Overrides on Team Sales & CAB bonuses on Team Recruiting

ERA Credit Services offers far more compensation for new and veteran Agents. Credit Repair USA only pays 2 levels of team building which limits a Reps income. It also blocks a Rep from earning on Reps deeper in their organization. ERA Credit Services offers compensation on an Agents entire organization regardless of how large it becomes.

Conclusion

Credit Repair USA

  • Sales Compensation for More Established Agent

ERA Credit Services

  • Company Background & Certifications
  • Services Offered & Cost to Clients
  • Lower Business Costs
  • Sales Compensation for New or Part-Time Agent
  • Team Building Compensation for New & Established Agents

The results of this Credit Repair USA review and comparison with ERA Credit Services are clear. The conclusion is that ERA Credit Services offers far more for less cost to the Agent and to the customer.

To learn detailed information about the credit repair business opportunity offered by ERA Credit Services visit our Business Opportunity page.

There you will find a 20 minute video. After watching the video ‘Book a Phone Appointment’ to talk with me. We’ll discuss your goals and get all your questions answered.

Thanks for visiting this Credit Repair USA review.

I hope you got value from this post. That is my goal.
If you did, you can get notified of new blog posts as I publish them. Just enter your Name & Email Address.
“That is the only email you’ll get from me and I do not distribute my subscriber’s information”. – Dale Guiducci 

Credit Repair MLM

I’m going to introduce you to a business model that combines a home-based credit repair business opportunity with an MLM pay structure. It’s a brilliant business model for those that want a part-time or even full time home based business. When the company started in 2004 they had more of a traditional business model. They had independent sales people that earned straight commissions and could not build a team. About 10 years ago they switched to a credit repair MLM model. Since then they have exploded in growth.

If your reading this then one could assume that you look favorably on MLM or network marketing opportunities. For those that do not it may be because they perceive there to be a high failure rate among those that try MLM businesses. Let’s explore that for a bit.

MLM or Network Marketing vs. Traditional Small Business

According to Forbes.com 20% of traditional small business start ups fail in the first year. And, 50% fail in 5 years. Compare that with research on people that start an MLM business. 50% fail in their 1st year and 90% fail over 5 years. So, the failure rate is higher in a typical MLM opportunity than a traditional small business.

Most would look at the statistics just mentioned and stay away from MLM because 90% fail in 5 years. Others would look at the stats and jump in because they see that 10% succeed! What people don’t realize is that the 90/10 rule applies to most opportunities that aren’t a W-2 job where you get a salary. In opportunities where people must generate their income, 90% will fail. But that does not scare away those of use that believe enough in ourselves to become one of the 10%.

The primary reason why the failure rate is higher in MLM is because that the upfront investment is so low. There’s less ‘skin in the game’. This makes it much easier to walk away instead of fighting to make it work. Because of the low start up cost people don’t research the business before they start. People don’t treat it like a business. For some reason people that start a network marketing business treat it with less care than if they had made a bigger investment or commitment.

A Credit Repair MLM – Smaller Investment, Lower Risk

A credit repair MLM is a brilliant business model because it reduces the high cost of starting a credit repair business. Therefore it also reduces the risk. In addition, there is a huge market of consumers in need of credit repair. Beyond that there is a growing number of people looking for a second income.

Consider These Facts about the Market for a Credit Repair MLM

Approximately 35% of the U.S. adult population have a credit score below 620. This is considered sub-prime and will not get most qualified for a mortgage. That means that about 86 million people in this country at some point are going to need help with their credit.

44 million people in the U.S. have a second income or side hustle. It’s becoming more apparent that many Americans are having a difficult time meeting monthly expenses on one income alone.

Given these numbers there is a big opportunity to provide helpful services and to build a large team of people offering the services.

Why a Credit Repair MLM is Inherently Different Than a Typical MLM

Because credit repair is a financial service people perceive a person offering credit repair to be more like a traditional business person. The customer doesn’t need to be explained how an MLM works because they are not participating in the business at all. They are simply a customer of the service. It’s not that anyone is hiding anything it’s just that the business model is irrelevant to the customer. And, the business model has no bearing on the quality and performance of the service. In fact, because the main company provides the service and not the person in the field, the quality of the service is higher and more consistent.

Finding customers is a relatively simply process. You can and should let people that you know you’re in the credit repair business. They may need your service or know someone that does. Or, they may be looking for a second income. But the best place to find customers is to talk with those that see people with low credit scores daily. People that work in real estate, mortgage, automobile, solar and banking are great people to talk with. They benefit greatly be referring their credit challenged prospects to you. And again, there’s no need to explain the business model. You’re not trying to get people into the business. You’re just trying to help their credit challenged prospective clients.

And, yes there are millions in this country looking for that second income stream. Most desire to earn between $500 and $1,000 a month. They are not necessarily wanting to earn six figures. That means that if they simply find a few customers every month they will achieve their income goal and stay with the business long term. They may even decide to invest more time and effort into it. For those that want to earn significantly more, simply go find a lot of customers and people that want to earn $500 a month.

People don’t have to recruit. If they just want to earn that $500 to $1,000 a month they can do that from selling the services alone. They do not have to recruit anyone into their business. But note that if someone wants to earn a significant income or turn it into a full-time career, building a team is essential.

Learn More About a Credit Repair MLM

I started working with a credit repair MLM in 2012. The business has grown to the point where I earn a six-figure income out of my home office. If you’d like to learn more specifics about this business model watch the 20-minute video below. If you like what you see then click to ‘Book a Phone Appointment’ with me. We’ll talk about what you want to accomplish with a business. I’ll share my experience and what it takes to build a successful credit repair MLM and then you decide if it’s right for you.

Now Book a Phone Appointment


I hope you got value from this post. That is my goal.
If you did, you can get notified of new blog posts as I publish them. Just enter your Name & Email Address.
“That is the only email you’ll get from me and I do not distribute my subscriber’s information”. – Dale Guiducci 

Credit Repair MLM
<img class="blog_post_image" src="https://eracreditservices.com/wp-content/uploads/2019/02/Lexington-Law-Review-Comparison-with-ERA-Credit-Services-2-625x415.png" alt="Lexington Law Review
Comparison with ERA Credit Services" />

Lexington Law Review
Comparison with ERA Credit Services

Lexington Law is perhaps the most well known credit repair company in the industry. Here is a Lexington Law review. Let’s see how we at ERA Credit Services compares with this industry giant.

Note- ERA Credit Services is an independent Agent for United Credit Education Services (UCES). The information below is based on data regarding both ERA Credit Services and UCES.
The information listed below regarding Lexington Law was provided by Simple Thrifty Living

Lexington Law

  • Years in Business – 25
  • States Serviced- All 50
  • BBB Rating (as of 1/31/19)Not Rated
  • BBB Accreditation –  NO
  • BBB Star Rating – <2 out of 5
  • BBB Complaints 578 (last 3 years)
  • National Association of Credit Services Organizations (NACSO) Accreditation – NO

ERA Credit Services

Services Offered

Note- Typically Lexington Law addresses one or two accounts approximately every 60 days which increases the length of time to complete the service.
  • Standard service of disputing items with the credit bureaus
  • Premier Service- Add credit monitoring and credit improvement analysis
  • Premier Plus- Add identity fraud alerts and personal finance tools

Services Offered

  • All negatives items addressed immediately (within 5-7 business days)
  • Credit attorneys to address credit bureaus and debt collectors
  • Online Client Portal for monitoring your account
  • Real time Online Credit Monitoring
  • Identity Monitoring and $1,000,000 Identity Theft Protection Policy
  • Credit Building Recommendations and Tools
  • Online Debt Pay Off System
  • Online Budgeting Tool
  • Will, Trust, Powers of Attorney
  • Net Worth Calculator and Planner
  • Savings Goals Planner

Fees Charged

Standard Service – $89.95/month

Premier Service – $109.95/month

Premier Plus – $129.95/month

Fees Charged

$99 One time Activation and $89/month for all services

Average Length of Service

One Year– reported randomly by consumers

Note- some clients saw faster results and some clients saw slower results.

Average Length of Service

6 Months

Note- some clients saw faster results and some clients saw slower results

Summary

After this Lexington Law review and comparison with ERA Credit Services you can make an informed decision. Should you go with the industry giant? Or, should you go with a company that has a goal of getting you the highest credit score as quickly as possible? And, will provide you with more service for less cost.

To learn more ‘Book a Phone Appointment’ with us today!
It’s Free with No Obligation

I hope you got value from this post. That is my goal.
If you did, you can get notified of new blog posts as I publish them. Just enter your Name & Email Address.
“That is the only email you’ll get from me and I do not distribute my subscriber’s information”. – Dale Guiducci