Category: Credit Repair Franchise

<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.

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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
Credit Repair Franchise

Credit Repair Franchise

One of the ways to get into the credit repair industry is to purchase a credit repair franchise. By buying a franchise it gets you marketing and selling much quicker. You don’t have to wade through the legal and technology minutia on your own. Your business should be pretty much ready to go. You just need to go find clients.

What we offer is not technically a credit repair franchise. But it’s much like a credit repair franchise without the restrictions. We call it an Agency. The infrastructure of technology, service delivery, marketing materials (including websites, videos, landing pages), and client tracking is all provided. You’ll have an expert staff that pulls and analyzes credit reports and drafts dispute letters for your clients.

credit repair franchise benefits

Our credit repair agency offers everything a franchise does with 5 major advantages

Other Services in Addition to Credit Repair

Credit repair is a much needed service without question. But you must understand two facts about credit repair. One, it’s not the only thing that can be done for someone to increase their credit score. Two, if credit repair is all that you sell, your clients go into it with the idea of getting out as quickly as possible. Your residual income isn’t “sticky”. You’re just replacing clients instead of adding to them. We provide other services to help the client with their credit as well as their whole financial picture. We also have services that people want long term. Your retention of clients therefore is much higher. And, we provide all these services for the same price as other companies charge for credit repair alone.

Training from Successful Credit Repair Agency Owners

Training is a cornerstone of our credit repair Agency program. But the key is that you get trained by highly successful Agency owners. These are entrepreneurs that generate revenues in excess of $1 million a year in the business that you want to learn. How brilliant is that?

You Have an Unlimited Territory (US)

You not restricted to a city or county as you would be as a credit repair franchise owner. With our Agency you can do business in any U.S. state or territory. All the bonding and legalities have been satisfied. This is HUGE even if you’re thinking that there’s enough business in your local market. Which there is. But once you understand this industry you’ll be thankful for the ability to do business anywhere.

Grow Your Credit Repair Business Exponentially (or Not)

You have the choice to introduce this business opportunity to others. When you do so you earn bonuses and overrides on those credit repair Agencies. Would you like to expand your business to other metro markets and states? You can! But you don’t have to. If you simply want to sell the services yourself and not expand, that’s ok too. It’s your choice.

Low Start Up Cost

The least expensive start up costs for a credit repair franchise that we could find is $9,500. However, you can get started with everything you get with a franchise and all the other advantages for just $288.00!

If this business model sounds appealing visit our site and watch a couple of videos that will give you details.

Visit Credit Repair Business Opportunity

After watching the videos you can schedule a phone appointment to speak with Dale or Shirley Guiducci, two of the top people in the credit repair industry. They will discuss your goals, answer questions, and give you their insight of many successful years in the business.

Credit Repair Home Based Business

What You Need to Know and Questions You Need to Ask
Before You Start a Credit Repair Home Based Business

A credit repair home based business is a great choice if you want to develop a second income stream or a new career. However, there is a lot to research and understand before setting up your new business. I have worked from home in credit repair since 2012. My credit repair home business has grown each year. On average it generates nearly $1 million in sales revenue annually.

People call me nearly every day to ask how I did it. I have spoken to over 2,o00 people since 2012 on this topic. This blog post will share the common challenges and issues people ask about and many of which that they don’t.

Being a Soloprenuer

What is a solopreneur? A soloprenuer is someone in business for themselves and also by themselves. They have to do everything, wear every hat. What does that mean in a credit repair home based business? It means that you have to be good at a lot of things. Maintaining a website and other technology. Delivering credit repair services to clients. Marketing for new clients. Selling to your prospects. Providing customer service to your clients, and much more. And, you have to have the time to do it all.

Infrastructure

Website & other technology- being in business today means you must have a website. Not only that but it must be a great website with a professional look and populated with great information about credit. But it goes beyond just having a marketing website. To compete in this industry you’ll need to provide clients with online access to their progress and results of the service you are providing them.

Service Delivery

If you’ve done any research you’ll see advertisements for software that will generate dispute letters for you. Some are probably much better than others so you have to find the right one. But beyond that how are you going to know what derogatory items a client has? Are you going to make the client provide you with credit reports? Can you get credit reports? And, most importantly are you aware of the time it takes to process a clients service from start to finish? Have you calculated you’re per hour rate? Is that rate worth the investment you made to start your business?

Marketing

Where are going to find your clients? Not just your first few clients that you already know but a steady stream of clients? Are you good at marketing? Can you develop flyers, brochures, business cards? Are you a good writer? Can you advertise on social media? Do you have the time for all this?

Sales

Can you sell? Are you a good communicator on the phone and in person? Is your credit repair service going to stand up against all the competitors out there? Is your schedule flexible enough to return phone call or other inquiries soon enough?

Customer Service

Will you have the time and be available to take calls from customers that want to know the status of their account and the progress you’ve made. What will be your policy for dissatisfied clients whose results weren’t what they expected?

Legal

Federal Laws
Have you read the Credit Repair Organizations Act (CROA) and understand the rules about charging up-front fees? If you can’t charge up-front fees can you wait to get paid?

State Laws

What are the laws in your state? Is a surety bond required? Do you have to register with the state Attorney General? Do you need to also look into neighboring states so you can do business outside your own state?

Competition

Who will be your major competitors? What do they charge? How is your service going to be different? Why should people enroll in your service versus theirs?

Credit Repair Training

How are you going to learn what you need to know and do to deliver the best credit repair service?

Business Development Training

How are you going to learn how to run and manage your business. Unless you have successfully built and managed a business before this is often not even considered.

Regardless of how you answer these vital questions, all this leads to a major outlay of time, energy and money just to get your credit repair home based business started.

Here’s an alternative. Become an entrepreneur. Be in business for yourself but not by yourself.

We offer a great alternative, and we believe the very best alternative. Everything discussed above is put together in a “turn key” format for you. Your success however, even in working with us, is that you have to be good at marketing and sales. No one can do that for you. However, the rest is already set up and ready for you to start your credit repair home based business.

And, here’s the best part…you can get started in a credit repair home based business with us for about $300 which includes one on one coaching and training by the top people in our business.

If you want to learn more go to https://eracreditservices.com/credit-repair-business-opportunity/ and watch the video on that page. Then just Book a Phone Appointment by clicking below the video. We’ll discuss what you’re trying to accomplish and specifics on how to build a credit repair home based business with our company.

Credit Repair Home Based Business

Own a Credit Repair Business

Since 2012 over 2,500 people have contacted me because they have an interest in knowing how to own a credit repair business. Most were mainly focused on how to do credit repair, meaning the fulfillment of the service. They are less concerned with discussing how to start, build and maintain a credit repair business which is where I direct the conversation. That’s what they should be concerned with and asking questions about.

Own a Credit Repair Business

There are many issues to tackle when starting any business. Yes, you have to understand the fulfillment piece, in this case delivering results to the customer for credit restoration. But there’s much more to it. What about the state and federal laws, the technology used for fulfillment and marketing, the marketing and sales functions, the competition, and the cash flow?

Do you have a plan to own a credit repair business that encompasses all these aspects and more?

Ultimately it comes down to this question. Do you want to be an entrepreneur or a solopreneur? An entrepreneur is going to use their highest and best value to operate and expand a business. They are not going to perform all the functions of the business. They are going to utilize the efforts of other people that are appropriately positioned for the value they bring to the business.

A solopreneur is going to be in business for themselves but also by themselves. They are going to wear all hats. Sales, marketing, technology, fulfillment, customer service… everything. To attempt this in any business is a daunting task. In the credit repair industry it’s a recipe for failure.

Starting a Credit Repair Business on Your Own

Of course, even if your intention is to own a credit repair business and be an entrepreneur, initially you will most likely start it alone. Just know that setting up your credit repair business and then doing the marketing, sales and fulfillment yourself all take a great deal of time. There is typically not enough hours in a day to do all 3 especially if you want to start a credit repair business on a part time basis. And, it takes very different skill sets. That’s why you eventually want to bring on people that have skill sets and hours you don’t have.

Further, you want to understand what functions brings the most value to your client and to your business. In the credit restoration industry the fulfillment (credit report analysis, drafting dispute letters, and customer support) is the least valuable function with regard to what you can pay someone else to do that job. That’s an administrative function that you can pay and train people to do for a reasonable hourly wage. It does not take a college degree or a large amount of previous experience.

The functions that bring the most value to your business are marketing and sales

To own and operate a successful credit repair business you have to know how to continually get lots of customers and how to sell to those customers. Yes, you can hire people to do this but you’re going to have to pay them far more than a reasonable hourly wage. Marketing and sales skills are honed with years of experience and people want to get paid well for that experience. This is the part you should do, not the fulfillment.

Our business model provides the fulfillment of credit repair services to the client by a well trained staff. All the marketing pieces, a website, brochures, business cards, flyers, folder, product videos and more have been prepared for you. The technology to keep your client, you and any referral source you’re working with updated on the progress for that client is in place. We provide training on how to market and build a credit repair business. And, we show you how to sell credit repair to customers. You get one on one mentoring from someone who is already highly successful in the business.

I have recorded a video describing the 3 options to own a credit repair business below.

By watching this video you will understand what is necessary to work in this industry in each scenario. If ultimately the third option in this video makes the most sense for you watch the next video on that page then let’s talk. You’ll see how to ‘Book a Phone Appointment’ with me. We’ll discuss the hours and skills you have and design a business plan that makes sense for you. I look forward to talking with you.

Starting a Credit Repair Business
It’s Not That Easy

More and more people are interested in starting a credit repair business. There are many companies out there selling software, websites, training certificates and more. In their advertising these companies make it sound so easy to use their products and make a lot of money. But think about it. These companies are selling other people their products and are not in the credit repair business themselves. Maybe they realize starting a credit repair business isn’t that easy. In fact, most credit restoration businesses fail in the 1st year.

Starting a Credit Repair Business

It is true that about 43 million American consumers have a poor credit score. It’s also true that 4 in 5 credit reports have errors on them. And, the criteria for lending having tightened dramatically. It would seem that people would be knocking down the door of anyone claiming to be able to increase their credit score. But it’s not the case.

Starting a credit repair business and making it a success is difficult. Here’s why…

You Must Know How to Find Motivated Clients

#1– People can live with poor credit their whole lives. Not everyone with a sub 600 credit score has the need or desire to increase their score. Their poor credit score only hurts them if and when they attempt use their credit. Such as when trying to qualify for a mortgage or car loan. With regard to buying a car they’ll still be able to make that purchase albeit with a higher interest rate. The bottom line is that you have to work hard and be a savvy marketer to find clients. Then you have to be a very good salesperson to convince your prospect to do business with you. Especially if you’re just getting started because you have no track record.

Unless You are Well Capitalized You Could Have a Cash Flow Problem

#2There’s a federal law called CROA. This law prevents a company that is not a 501(C)3 non-profit, attorney or bank from collecting up-front fees for credit restoration services. Yes, you can charge a nominal set up fee. Most people discount it’s affect because they wrongly assess that monthly fees will make up for it. Here’s the problem. Most people will not continue to pay monthly fees unless they see results quickly. People are impatient and want an increase in their score right away. If they don’t see it they will stop paying the monthly expense. Therefore you’ll have a cash flow problem. You’ll not see the return on your investment of time, energy and money. And you’ll likely fold within your first year. This creates more difficulty in starting a credit repair business.

You Must Price Your Services Competitively

#3– The days of charging thousands for credit repair are over. Ten years ago, even five years ago companies charged thousands of dollars for credit repair. Some still do but the tide is turning. Many companies like ours charge a lot less than even $1,000. Therefore the big profit margins in the industry just don’t exist. If you calculate what you earn hourly you may as well get a part time job and not have the headaches.

You Must Wear All the Hats

#4– There’s not enough hours in the day to build a successful credit restoration business from scratch. People severely underestimate the time it takes. You have to promote the business. Then sell to clients and follow up with clients. Then put in the time to dispute items to the credit reporting agencies, and everything else that goes along with it. This factor alone leads to most people failing in the first year.

There is however a way to start a successful credit repair business.

Work with a company that does all the back end work of analyzing credit reports, drafting dispute letters, providing customer support, and adhering to state and federal regulations. Our company does that and provides a website, an online tracking system, and training. As an Independent Agent our job is to market and sell. This frees up the hours needed. However, that’s not enough. You still have to do more sales volume than one person can do to achieve a significant income.

How do you achieve more sales volume than you can do yourself? Develop a team of Independent Agents. The fact is that no matter the business model chosen there simply isn’t enough hours in the day to make a credit restoration business work on your own. You need help. By developing a team of Independent Agents who are, in turn, building their own Agency you can develop a significant income into the tens of thousands per month. You could never do that on your own.

If your goal is to do credit restoration on the side and make very little money then go buy software and have a go at it. But if you want a long term career where you can earn a significant income and eventually stop working because you have a substantial team of Agents working for you, then contact us. The support you’ll receive will go a long way to help you in starting a credit repair business.

If You Liked the Video, Book an Appointment to Talk with Me!