A key decision to make when starting a credit repair business is the type of business model you use. 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 ensure a complete understanding of the comparison of these two opportunities you should visit the Credit Repair USA website and call them at (832) 945-5228.
In this Credit Repair USA review and comparison we're going to look at 4 key areas:
- Company Background
- Services Offered & Cost to Clients
- Upfront and On-going Business Costs
- Compensation to Independent Reps or Agents
Company Background
Credit Repair USA
Credit Repair Nerds rebranded
as Credit Repair USA within the last few years.
ERA Credit Services
The company we partner with, FreedomPath, has a team with dozens of years of credit industry and technology experience. We at ERA Credit Services have been in business since 2012.
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? The Credit Repair USA brand is relatively new. ERA Credit Services gives an Agent instant credibility in the market and has a solid track record since 2012.
Services Offered and 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
All-Inclusive Credit Repair - $79/mo
Real-time Credit Scores & Credit Reports 24/7
Reporting of Rent Payments up to 24 Months
Reporting of Utility Bills
Secured Bank Loans
Credit & Identity Monitoring
Financial Education & Tools
6 months cost for credit repair, removal of public records
and all other services listed above - $783.00
Credit Repair USA charges more for its services and has a limited number of credit-related services.
ERA Credit Services and its partners offer 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
1st Year Cost- $2,388
ERA Credit Services
$289.00 Business fee
$99/mo ongoing business fee that includes all services
Total - $99/month
1st Year Cost- $1,378
The cost of operating a Credit Repair USA business is more and provides fewer services to the client and the business owner.
Compensation - Customer Sales
Credit Repair USA
$99/month fee to customer
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/month fee to customer
$75 plus $30/month residual
6 months- $225.00
The compensation for personal customer sales
does not change at any level
The Credit Repair USA Level 2 requires 12 sales every 90 days. With ERA Credit Services, there is no minimum sales requirement.
Compensation - Team Building
Credit Repair USA
Rep Level 1
Recruit 3 Reps
24.75/mo/Rep= $74.25/mo
6 months = $445.50
ERA Credit Services
Entry Level Advisor
Recruit 3 Advisors - $346.80
Monthly Commission on 3 Advisors - $89.10
6 months = $792.30
PLUS
Variable Commission Match on 10 levels of Advisors
Bonuses for Rank Advancements
Percentage of Sales on Entire Organization
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
Senior Advisor
Recruit 10 Advisors
$115.60 per Advisor
6 months = $1,156
30% on Advisors per month ($29.70/mo)
10 Reps = $1,485 • Total $2,641
PLUS
Variable Commission Match on 10 levels of Advisors
Bonuses for Rank Advancements
Percentage of Sales on Entire Organization
Our plan 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. Our plan offers compensation for an Advisor's entire organization regardless of how large it becomes.
Conclusion
Credit Repair USA
- Sales Compensation for More Established Agent
ERA Credit Services
- Company Background
- Services Offered & Cost to Clients
- Lower Business Costs
- Sales Compensation for New or Part-Time Advisors
- Team Building Compensation for New & Established Advisors
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 business overview video. After watching the video 'Book a Phone Appointment' to talk with me.
We'll discuss your goals and get all your questions answered.
This article which was originally posted in 2019 is updated regularly and was last updated in July 2023.