Category: Financial Services Business

<img class="blog_post_image" src="https://eracreditservices.com/wp-content/uploads/2019/06/How-to-Operate-a-Credit-Repair-Business-Blog-625x415.png" alt="How to Operate a
Credit Repair Business
Getting Referrals" />

How to Operate a
Credit Repair Business
Getting Referrals

In the last post and YouTube video about how to operate a credit repair business, I discussed the first phase of marketing. It’s where everyone should start and that is their warm market. You can read that post and watch the video at https://eracreditservices.com/2019/05/how-to-run-a-successful-credit-repair-business/

In this post we’re going to go into the 2nd marketing phase of how to operate a credit repair business. This phase is critically important as well because it will potentially bring you the most and best leads for credit repair customers.  There are several industries that rely on customers to have a minimum credit score in order to qualify for financing. Because many consumers don’t have this minimum credit score it creates a win-win-win that you should take advantage of.

Who Has a Problem That You Can Solve?

In 2012 when I started my credit repair business in San Diego, I was determined to learn how to operate a credit repair business quickly. I did a lot of research. One bit of info I wanted to find out was how many real estate agents there were in the county. I Googled it and found that there were 18,000 licensed real estate agents in San Diego County. 18,000!! So, I developed a plan of action to expose what I do to a lot of them in hopes that some of them would start referring people to me.

First, I had to determine if indeed they had a problem with prospects that couldn’t qualify for a mortgage loan. I quickly found out that almost every single one of them did. For some it happened occasionally. For others it happened many times a week. But I can’t recall more then a few that told me they never had an issue with prospective buyers that didn’t qualify.  This became the proverbial, “shooting of fish in a barrel”.

You Must Go Where They Are

It’s fairly easy to have conversations with real estate agents once you put yourself in a position to have the conversation. You need to get in the habit of asking people that you know, if they know someone in the real estate business. Tell them why you’re asking and that you can help their friend or acquaintance close more business because you help their prospects get a higher credit score. By the way, you just informed your friend of what you do in the event their credit score is hurting. That’s a potential bonus!

You also need to go where real estate agents and brokers are. I started to attend networking meetings. This is a topic I will cover in the next post in detail. In just about every business networking meeting group there is a real estate agent, a mortgage broker and a banker. All of which fit into the category of needing what I/you do.

Here are 3 organizations that I highly recommend. Don’t be intimidated because they are based on ethnicity. I am a white guy and can’t speak any language other than English. And, I felt very comfortable in all 3. In fact, my wife and I were invited and attended their Christmas parties.

NAREB- The National Association of Real Estate Brokers

NAHREP- The National Association of Hispanic Real Estate Professionals

AREAA- The Asian Real Estate Association of America

Visit their websites and see if they have a chapter in your community.

You’ll be the Most Popular Person in the Room

I also went to board of realtor’s meetings that would allow outsiders to visit. Many such organizations have a program for affiliates. Those that provide services that realtors need such as home inspection, mortgage loans, home staging, and yes, credit repair companies. That great thing about networking meetings and other type meetings where real agent agents go is that I almost never encountered another credit repair representative or company. I was the only one. And as I like to say, I was the most popular person in the room. Why? Because every single one of them had a problem only I could solve.

Here is a side note about attending meetings and meeting people that could be interested in what you do. And, I’ll cover this in detail in the next post about business networking. You’ve got to know your stuff, yes. But I found it best to simply determine if they had a problem with folks that don’t qualify, get their card, and call them at another time. I wasn’t there to get their referrals. I was there to meet them, get their info so I could contact them later, and spend this time meeting more people. That way I didn’t appear too anxious or “salesy”. And, I could simply concentrate on getting to know them, which is a key to getting people to like you.

Keep the Conversation About Them

When meeting people in real estate or any “credit-related” field here are some good tips. Keep the conversation about them and their business. Ask good questions about the market, interest rates, and more. You don’t have to be a real estate expert, but you should have the ability to hang in a conversation with someone in real estate. Then when you have developed a bit of rapport you want to get to the question that has made me a lot money. Come to know this question like the back of your hand and use it often.

The All Important Money Making Question

“Let me ask you (Agents first name). Does it happen that someone wants to buy a home, but you find out they don’t qualify due to their credit score? Does that ever happen”? You can ask this question in any way that’s comfortable for you. But your whole reason for meeting this real estate pro is to ask it.

Based on what I’ve already told you, you already know the answer to this question. The answer is “yes”. It happens once in a while. It happens every day. Or somewhere in between. But it happens. They just told you they are losing money. They are losing time, energy, and investment into their marketing efforts, which is money. And they have no solution usually.

What Makes You Different?

Referring people to a credit repair company may have crossed their mind but they haven’t run into one. Or, maybe they referred people to a credit repair company, but that company didn’t do a good job or keep them informed. This is where you must be on your game. What differentiates your company or you from anyone else in the industry? I wouldn’t get into it right at this meeting where you just met the real estate agent. Again, I would get their info and set up a time to call them, meet them for coffee, or meet them at their office (which is the best opportunity). But at some point, you need to impress them. What do you do that no one else does?

Our company has several of what I call “differentiators”. What makes us different? What makes us better than any other company? You should to be able to verbalize your differentiators quickly, and with confidence. And, they should be very impressive. Part of discovering how to operate a credit repair business is realizing that you don’t want to be a “me too” in the credit repair industry.

Teach People How to Give You a Referral

Let’s say you do your job and impress the real estate agent. And, they tell you they’ll refer people to you. Success, right? Not quite yet. You have more work to do. You must school them on how to give you a referral. And, you should explore other opportunities they can bring you. Let me explain both.

Typically, a real estate agent will ask you for business cards or brochures to give to their credit challenged customers. In their mind this is how they give you a referral. That is not a referral. That is a suggestion. A referral is when the real estate agent edifies you by telling their prospect about you and how she/he teams up with you in these situations to help people like them. Then they ask their credit challenged prospect if it would be ok to give you their information so you could call them. That’s a referral.

Leverage Your New Referral Source

But you’re still not done. Now that your relationship is solidified and you’ll be helping her/his prospects with sub-620 credit scores, it’s time to explore other possibilities. For example, do they work in an office that has other real estate agents in the same boat? Who would she/he suggest you talk to? Does her/his office allow vendors to come in and talk to the agents about what they do? Yes, well who should you speak to about getting on the calendar? Does she/he have a mortgage broker or two they work with? They always do. So, would it be ok with them if you reached out to their colleagues in the mortgage business? You could take this one contact and leverage it into many. Then continue leveraging with your new contacts until you have a steady stream of referral business coming to you. And here’s the best part. It’s all free except perhaps the cup of coffee you bought them.

In learning how to operate a credit repair business, networking with people in credit-related industries is a must. It typically brings you motivated client prospects that are emotionally invested in buying that something that they were just turned down for and couldn’t buy. And, they will typically have no problem paying your fee.

The Solar and Auto Industry

I already talked about real estate, mortgage and banking. But another industry is solar. The credit score needed to finance a solar installation is higher than the credit score needed to buy the home. Many people don’t qualify and it’s a huge amount of lost revenue for the solar company. My suggestion is that you seek out people in this industry. You won’t typically find them at a network meeting, however. So, you’ll have to ask people if they know someone in solar sales or management.

Many would say that the automobile industry is also a place to seek referrals. I disagree because people in the auto business are very often hard to talk to and very impatient to see results. They live from month to month. How many “units” can they sell this month. They don’t really care about the sales they can make in 4 months. But if you want to give it a try, go for it. I believe that with the number of people in the real estate and mortgage business out there, and the commission they make on a home sale, that’s the best place to focus your efforts.

For more information about how to run a successful credit repair business subscribe to our YouTube channel.

For information on our turnkey business model and credit repair business training visit Credit Repair Business Opportunity.

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

How to Run a Successful
Credit Repair Business – Warm Market

For years I’ve been blogging about “How to Start a Credit Repair Business.” I’ve discussed all aspects of getting a credit repair business set up, from federal and state laws to websites. If you are still researching that phase, then look through my Credit Repair Blog and YouTube channel for that sort of information. However, it’s time to start sharing aspects of how to run a successful credit repair business once it’s started.

These blog posts and YouTube videos will break down best practices to get a credit repair business off to a good start. As well, I’ll discuss communication tools, internet and phone apps, software, marketing techniques and much more. If you follow and read these blog posts, and/or watch the corresponding videos, you’ll learn exactly how I’ve developed a very successful credit repair business. In addition, you’ll discover how I do it from a home office and earn six figures a year doing so.

I’m going to address marketing first for 2 reasons. First, that’s what most people are concerned with and want to know about. Second, as I cover what I have done to market my business I’ll discuss the tools and technology I use to do so. So, let’s start where you should start, your warm market.

Start with Your Warm Market

I know. I get it. You most likely tensed up or even grunted when you read that last sentence. It seems that most people don’t want to let the people that they know, know they just started a new business. That’s just not logical. Further, it shows signs of insecurity about oneself or a lack of confidence in the business they’re starting.  Here’s the reality. If you don’t feel that the people closet to you, or even acquaintances, should know about your new credit repair business, the you shouldn’t start it.

On the other hand, if you’re excited about letting everyone know you’re available to help people improve their credit situation you already have a leg up on the competition. Now we just need to figure out the best way to do it. Do you do an email blast? Should you text everyone? Should you call key people? Let’s explore some possibilities.

The key is your attitude and how you’re thinking about it. You are starting a new business. And you want to learn how to run a successful credit repair business. Think of it as any new business. What if you were starting a new tax business? How about if you just got your real estate license? Or you were opening a new boutique. What if you bought a Sports Clips franchise? What would you do then? How would you get the word out to everyone that you know about your new business?

If I Did It All Over Again

Here’s something I would do if I were doing it all over again. In fact, this is something you could do a couple of times a year. Host a gathering at your home or a local restaurant. Get some finger foods and serve beverages. Wine and beer if you’re so inclined. If you’re not opposed to alcohol, I think it’s a good idea for the simple reason that a drink or two loosens people up.

Have flyers and brochures available and invite people from all aspects of your life. Some family members that are supportive and don’t think you’ve lost it because you’re not working for someone else. Call anyone you know in real estate, the mortgage business or banking. Invite other entrepreneurs you know in any business. Make it a good opportunity for people to get to know other people. Prepare to speak to the crowd that gathers for 5 minutes max about your new business and let the party flow.

If you’re more of a business or formal mindset you could host a presentation of your new business. You could do a PowerPoint presentation of your services and educate people on the importance of good credit. And you can close with how they can help you grow your business which is referrals. If they need help with their credit, they’ll tell you. Trust me. You don’t need to ask.

Just Get the Word Out

If you don’t want to go through the effort to do something like hosting a gathering, then you still need to contact people that you know. In our business we have developed phone apps for that purpose. All your contacts are automatically transferred to the app. Then you can send a contact a message letting them know about your business. If they express any interest in learning more, you can send them a link to a 2-minute teaser video.

By the way I would NOT do an email blast. That’s very impersonal, very old school, and most importantly ineffective.

Another bit of advice that might seem like common sense is do not approach people that you know as credit repair candidates. Again, if they need help let them approach you after they know about your business. Approach them by asking them to help you get the word out about your business. The people that you know, know a ton of people. You can expand your sphere of influence very rapidly by engaging your contacts.

If you embrace the idea of contacting your warm market this can not only get your business off to a great start, but it can keep you busy for a long time. And, for the most part, it’s free (except the appetizers and drinks part).

Incorporate the Efforts of Others to Run Your Credit Repair Business

Another unique aspect to our business model is that you can bring on others that also want to start a new business. Why not join you in the credit repair business? You could be full time while they just want to earn a little side hustle money. Or visa versa. Either way you earn a percentage of what they produce. By getting the word out to people that you know you could expand your business immediately. You’ll have people referring people to you. And, you might have some people that join you in the business and have a huge incentive to duplicate your efforts. That means they’ll be telling a lot of people about it too!

For more information about how to run a successful credit repair business subscribe to our YouTube channel.

For information on our turnkey business model and credit repair business training visit Credit Repair Business Opportunity.

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

<img class="blog_post_image" src="https://eracreditservices.com/wp-content/uploads/2019/05/How-to-Run-a-Successful-Credit-Repair-Business-1-625x415.png" alt="How to Run a Successful
Credit Repair Business – Warm Market" />
<img class="blog_post_image" src="https://eracreditservices.com/wp-content/uploads/2019/04/Build-a-Credit-Repair-Business-with-Your-Phone-500x415.png" alt="Build a Credit Repair Business
with Your Phone" />

Build a Credit Repair Business
with Your Phone

As with any business, prospecting for customers is critical to its success. It requires networking, developing referrals, or advertising. Perhaps all 3. And, to get the word out initially, you’ll want to make your existing contacts aware of your new business. It can be one of the functions credit repair business owners like the least and takes most of their time. But what if you could build a credit repair business with your phone?

Using a phone app to share your business with people could save a lot of time. You could contact more people and do it quicker than calling them. Today people will be more likely to look at messages coming through their phone than listen to voice mails. Or, even answer their calls. HubSpot maintains, “mobile access to sales systems aren’t just nice to have — they’re a necessity”. That is why we have developed phone apps for our independent Agency business owners. Our phone apps streamline the process of contacting people to make them aware of their new credit repair business.  And, it allows them to get information out quickly to those that have inquired about credit repair and other services.

Help for Part-time Credit Repair Business Owners

Many of our Agency business owners start part-time while they maintain a job or other business. If someone inquires about credit repair, they typically must wait until they leave work to contact their prospect. Now very quickly they can open their app and send them a 90 second video or link to a mobile web page to provide them with information. Then they can follow up through the app or call them later. Our phone apps allow our credit repair Agency owners to operate their business from literally anywhere there is cell phone service.

Sales Funnels Ready to Go, Day One

To further help build a credit repair business with your phone, we have also developed sales funnels for online advertising or posting to Facebook, Instagram and other social media platforms. Our sales funnels come with lead capture pages containing informational videos. It also has a complete CRM system our credit repair Agency business owners can operate right on their phone. Now anyone can generate leads using social media or Google.

Our credit repair business opportunity has always been a great option for those that didn’t have the time or money to start a credit repair business on their own. With this new marketing system that can be completely operated on a cell phone, we have upped the game in the credit repair business. We have now opened the credit repair business opportunity up to many more people that wouldn’t have the time to operate their business while still at a job.

Learn More About Our Credit Repair Business Opportunity

If you would like to know more about owning a credit repair Agency visit Credit Repair Business Opportunity. There you will watch a 20-minute video explaining all the details. Then you can book a phone appointment and speak directly with me, Dale Guiducci. You’ll get all your questions answered and I’ll share my experience of building a credit repair business that generates nearly $1 million in revenue annually all from my home office.

 

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 

The 7 Habits of Highly Effective
Credit Repair Business Owners

The credit repair business is a great home based business option. You can help a lot of people and it can be very lucrative.

However, the business failure rate is extremely high if you don’t have the right business model or operate your business in the right way.

Learn the habits that successful credit repair business owners have in common and avoid the mistakes many make.

7 habits highly effective credit repair business owners

Extract – The 7 Habits of Highly Effective
Credit Repair Business Owners

Credit Repair is a great choice as a part-time or full-time business. You help people improve their lives while having the opportunity to change your own. However, there is much to learn about starting and running a credit repair business. In the 7 Habits of Highly Effective Credit Repair Business Owners I give you 7 key elements from my experience as a highly successful credit repair business owner. I believe this is the most honest and candid information about the credit repair business that you will find. I hope you find it valuable as you do your research into this dynamic and potentially lucrative industry.

The Ultimate Goal – Interdependence

The late Stephen Covey published ‘The 7 Habits of Highly Effective People’ in 1989. It has now sold over 25 million copies in 40 languages around the world. He outlines 7 specific habits that we should develop to move us through stages from Dependence to Independence and finally to Interdependence.

Interdependence, the ultimate goal is “the paradigm under which we cooperate to achieve something that cannot be achieved independently.” Read this sentence again. It is a theme discussed in different ways by nearly every author of business building and personal development information from Napoleon Hill to John Maxwell. Robert Kiyosaki maintains that in order to reach financial independence we must develop systems and networks. By developing systems and networks we become ‘interdependent’ and thus can rely on others to help us produce far more than we can on our own.

To test this theory, try and think of just one highly successful individual that did it all on their own. My first inclination is to think of professional athletes. They surely were alone in achieving their success, weren’t they? In sports you perform as an individual even if part of a team. Yet in virtually every Hall of Fame speech the athlete runs out of time giving thanks and credit to dozens of people that impacted their career. And without whom they wouldn’t be standing at that podium on that day.

The 7 Habits of Highly Successful Credit Repair Business Owners

The 7 habits listed below are separate concepts and each will help you build your credit repair business. But combined they will help you go from Independence to the ultimate goal of Interdependence. They will help you achieve much of what Covey, Hill, Kiyosaki and many others have been trying to teach us for decades.

In ‘The 7 Habits’ Covey lists the 1st habit as ‘Be Proactive’. I’m going to assume you are already being proactive because you are taking the time to read this. You want to discover the missing keys to your success in credit repair. Therefore, I’m going to take his 2nd habit, ‘Begin with the End in Mind’ and make it our 1st habit.

To read the entire 7 Habits download it now…

After reading the 7 Habits of Highly Effective Credit Repair Business Owners if you want to discover a highly effective credit repair business model and then speak directly with Dale Guiducci visit
Credit Repair Business Opportunity

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 

<img class="blog_post_image" src="https://eracreditservices.com/wp-content/uploads/2019/04/7-Habits-of-Highly-Effective-Credit-Repair-Business-Owners-Final-469x415.png" alt="The 7 Habits of Highly Effective
Credit Repair Business Owners" />
<img class="blog_post_image" src="https://eracreditservices.com/wp-content/uploads/2019/03/what-you-need-to-start-a-credit-repair-business.jpg" alt="What You Need to
Start a Credit Repair Business" />

What You Need to
Start a Credit Repair Business

For several years I have been blogging and producing videos about how to, and what you need to start a credit repair business. If done correctly the credit repair business can be an incredibly lucrative and rewarding home-based business. However, it’s all about the business model. If someone chooses the wrong business model it can be a failure before it gets off the ground.

The reason I am qualified to share this information is that I started my own credit repair business in 2012. Today that business produces nearly $1 million in annual revenue and provides me a very comfortable 6 figure income. I have worked from home the entire time and control my schedule. My wife and I travel whenever we like. I can decide to work while traveling or have someone on the team work my business for me and shut down completely.

The revenue, income and time freedom I enjoy are all a result of the business model we chose. I cannot stress this enough. You can choose to go it alone and start a credit repair business all on your own. I contend that if you choose this type of business model you will never generate the revenue, income and time freedom you perhaps desire.

What Are You Trying to Accomplish?

I believe that in order to start a successful credit repair business you must look at what you want that business to accomplish for you before you start it. You must also think about what you need to start a credit repair business. What are all the components of a credit repair business? Then decide how you’re going to implement them.

The chart below is a list of items you must consider before you begin any work on starting your business. As you will see there is a lot to think about. You can easily compare starting a credit repair business on your own versus joining our company as an independent credit repair agency owner.

Please note that an independent agency is a business that you own. You can sell that business or will it to your heirs just like starting your own business by yourself. However, as you can see, the advantages are many.

If you want to explore more about owning an independent credit repair agency I give you the process of doing that below the chart.

Considerations

Start Your Own Business

Own an Independent Agency

Surety Bond if Required by Your State

Cost can range between 1% to 15% of the bond amount depending on many factors including credit score. Click here to learn more about surety bond amounts by state and costs

No Surety Bond Required as you will represent a 501(c)3 non-profit credit repair company which is exempt from CROA

Business Territory

Can only do business in the state for which you have a surety bond or are registered

Can do business in all 50 states and U.S. territories (Puerto Rico, U.S. Virgin Islands, etc.)

Software to Generate Dispute Letters

Cost and benefits will vary. Training is required to operate the software. Click here for several credit repair software choices

No software is required as you will have a dedicated staff that generates dispute letters for your clients

Website for Marketing

Build it yourself or pay someone to do it for you. Costs will vary depending on size of site and technology incorporated

2 websites are provided for you (Customers & Business Development) at no cost. You can brand yourself or a company name. Websites can be set for 6 languages.
Website for Customers
Website for Business Development

Online Marketing Tools for Lead Generation

Must develop yourself or purchase

Individually branded sales funnels and phone apps provided at $20/month with the potential of getting it free

Merchant Services (the ability to take credit & debit cards)

It is very difficult to find a merchant services company that will work with a credit repair company especially when new and not established

Provided by the company at no charge

Pulling Credit for Clients

It is very difficult to find a credit report broker willing to work with a credit repair company. Most small credit repair companies ask the client to pull their own credit

Provided by the company at no charge

Marketing Materials (Brochures, Flyer, Folders, Business Cards) compliant with Federal Trade Commission & state law

Create yourself or pay someone to generate FTC and state compliant marketing materials

Provided by the company at a nominal fee

Capital Required to Get Business Started

Estimated to be between $2,500 and $10,000

$288

Time Required to Get Business Started

Could be weeks or months depending on owners commitments to a job or other business

Be in business today

Credit Repair Training

Online or seminar courses. Costs will vary

Training on the credit repair process and federal laws, and the probability of item removal provided at no cost

Business Training

There doesn’t appear to be any specific training available on how to build a successful business

Online video training, live weekly training through the internet, and one on one coaching provided at no cost

Online Client Progress Reporting

There doesn’t appear to be any specific software available to give clients online access to their credit repair progress

Provided to the client and the independent Agency at no cost

Client Services Provided

Typically only removal of derogatory items limiting the increase in clients credit score (Payment History 35% of score)

10 services in addition to credit repair provided to increase, monitor and protect 100%  of clients credit score at no extra charge
Click for details

Customer Support

Provided by business owner or staff must be hired. This can be a challenge if business owner is committed to a job or other business, or working with new clients

Provided by company at no charge 9 am to 9 pm Monday – Friday Eastern time in English & Spanish

Referral Reporting

Keeping referral sources, such as real estate & mortgage professionals, up to date on the progress of the clients they refer to you can be a challenge. There doesn’t appear to be any specific software available for this

Referral sources receive an online portal linking them to progress reports of the clients they refer to you

Business Growth Potential

Limited based on the owner doing all the credit repair admin work, marketing, sales, and all other aspects of the business. If staff is hired it reduces profits generated from clients

Unlimited for 2 reasons. The company and staff provide all work and materials except marketing & sales. And Agencies, at no cost to them, can bring on an unlimited number of independent Agents to expand the business throughout the country. As the number of Agents grow so does the revenue & profit from the business

Experience Required

Because all knowledge of credit repair and building a business must be acquired at a cost, it is beneficial that the owner have as much previous experience as possible

No previous credit repair or business experience is necessary. Of course, if the Agent has previous experience in either it will help their business grow faster

If You Want To Learn More About Joining Us
as an Owner of an Independent Credit Repair Agency
Watch This Video for Details

If You Like What I Shared in the Video About Working with Us
in the Credit Repair Business, Lets Talk!

Click the icon below and pick a day and time that works for you.
I’ll call you at that time.
We’ll have a conversation to see if this credit repair business model is the right fit for you.

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 

Start a Credit Repair Business
in North Carolina

Many people in today’s economy decide to start their own business. Possibly they just need a 2nd income. Or, maybe they want to leave their job and work for themselves. After doing some research it makes sense for many to start a credit repair business in North Carolina.

I have owned a business that markets credit repair and related services since 2012. Here I give you the Pro’s and the Con’s of starting a North Carolina credit repair business. Then I offer you a solution that will offset all of the Con’s and is the very best credit repair business solution in the country.

The Pro’s of Starting a Credit Repair Business in North Carolina

The Con’s of Starting a Credit Repair Business in North Carolina

This list includes the con’s of starting a credit repair business anywhere in the United States

  • The cost of starting a credit repair business can be high
    • A requirement to start a credit repair business in North Carolina is to obtain a surety bond. The bond must be in the amount of $10,000. The cost of the bond will be dependent on your credit score and other factors. The lowest cost for a surety bond that I could find was $200 annually with excellent credit.
    • To be in business today you must have a website. You can hire someone to build it for you or build it yourself. Costs will vary. Even if you have the skill to build it yourself using Wix, WordPress or another service, there are other costs. You must pay for hosting, an SSL certificate, a related email address, and more
    • You will need to purchase software. The cost of credit repair software ranges from $30/month to $400/month.
    • Marketing materials are a must to be in the credit repair business. You could start off with just business cards and flyers. But in order to compete with other companies you will want to have tri-fold brochures and even marketing videos. This can get very costly
    • Providing your clients online access to their credit repair information and updates to the progress may be cost prohibitive when you’re starting out. But just know that other companies provide this and it’s something you’ll have to convince your prospects that they don’t need

Even if you have the capital to start a credit repair business in North Carolina
have you considered the following:

  • Working alone in your credit repair business will limit the amount of business you can do. Many under estimate the time to work on a client’s credit repair. They also don’t consider the amount of time for marketing to new prospects and selling to those prospects
  • Initially you may not have other services available to increase a client’s credit score. Removing negative items from a credit report only accounts for 35% of a credit score. Can you provide other services to impact the other 65%?
  • When you start your business you have no reputation, credibility or trust built up in the market. Many times consumers look for a Better Business Bureau rating or reviews to help them make a decision. You will want to create listings on Yelp, Google, and other services. You will also need to have social media pages/accounts on Facebook and other platforms. If no one can look you up on the internet they will not trust your business
  • There is a lot of competition in North Carolina in this industry. All the large players are in the state and can offer more services and more technology
  • You will have to have competitive pricing. And, if you are not an attorney, bank or non-profit organization you cannot charge fees for service until they are performed. You can charge a nominal start-up fee

The Best Solution for Starting a Credit Repair Business in North Carolina

Start a credit repair agency in North Carolina through ERA Credit Services. Here’s what you’ll have immediately:

  • A customizable website with your information
  • The ability to brand your own company name if you choose
  • An online business portal to monitor all business activity including customer progress
  • A staff to perform all credit repair administrative work including analyzing credit reports and drafting dispute letters
  • No software purchase is necessary
  • Customer support in English and Spanish available for your customers Monday through Friday 9 am to 9 pm Eastern time
  • Customers receive the fastest, most effective credit repair service in the country and other services to help increase 100% of their credit score
  • Your customers will have their own online portal to monitor the progress of their credit repair and other services
  • Professional marketing materials including brochures, flyers, folders, business cards, and videos
  • A sales funnel system for online marketing
  • A flexible online training platform so you can learn this business on your schedule
  • Weekly live training sessions from Dale Guiducci through our private Facebook group
  • You’ll represent a credit repair company with an A+ Better business Bureau rating and a National Association of Credit Services Organization certification
  • You can do business in all 50 states immediately with no surety bond required
  • Get started for $288.00 with no monthly business fees

Starting a Credit Repair Business in North Carolina
with ERA Credit Services gives you all the Pro’s and none of the Con’s

Want to learn more about
how to start a credit repair business in North Carolina?

Watch this 20 minute video and then Book a Phone Appointment to speak directly with me, Dale Guiducci. I am the owner of ERA Credit Services. I started a credit repair agency in 2012 and now do business all over the country and I’ll show you how.

Watch This Video

 

Book a Phone Appointment with Dale Guiducci


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 

<img class="blog_post_image" src="https://eracreditservices.com/wp-content/uploads/2019/03/Start-a-Credit-Repair-Business-in-North-Carolina-625x415.png" alt="Start a Credit Repair Business
in North Carolina" />
<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 

How to Build a Credit Repair Business

How to Build a Credit Repair Business

You Can’t Create Momentum When You Have to Create Everything

You’ve heard the saying, “You don’t know what you don’t know”? I resign myself to this many times when I’m talking to people that call me for information on how to build a credit repair business.

The first stage of someone learning about starting a credit repair business almost always begins with changing a preconceived mindset that they have to build it all themselves. Because what they don’t yet realize initially is the enormous amount of time, energy and money it will take to build it from scratch.

Even if they do learn how to build a credit repair business all on their own what they don’t often think about is how they’ll compete against other companies with experience, technology and track record. And, what about the state and federal laws they have to navigate through? These laws cost more money and limit the amount of revenue and profit they can earn.

Let’s say they get through all of this and build a credit repair business on their own. Great! Now, how are they going to find the time to get clients, not just a few but hundreds of clients, and deliver the service to those clients?

There’s another saying, “If you want it done right, do it yourself”. That saying is what unsuccessful people abide by. Successful people use the efforts of others that know more than they do about how to do something. That’s how they get more done and build large, successful businesses.

Build a Credit Repair Business for Less Than $300

What if there were a way to build a credit repair business for less than $300 total start up costs? It includes training on exactly what to do to get a steady stream of clients, staff to provide the service delivery to the clients, technology to keep them and their clients informed, and access to all the marketing materials they’ll need.

And, what if someone could build it small, or build it all over the country by incorporating the efforts of other Independent Agents? And, learn directly how to build a credit repair business from a top producer in the credit repair industry. Not just someone that teaches, but someone that is currently running a successful credit repair business.

This opportunity exists. It takes an open mind to understand a different type of business model and it takes training and hard work. But if someone is willing to learn and work hard they can be where they want to be in a far shorter time.

Visit https://eracreditservices.com/credit-repair-business-opportunity/
to watch a video that will explain all the details on how to build a credit repair business for less than $300.

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 

This post was originally published in September, 2016. It has been updated for accuracy and comprehensiveness.

How to Build a Credit Repair Business
<img class="blog_post_image" src="https://eracreditservices.com/wp-content/uploads/2019/01/Work-From-Home-in-a-Credit-Repair-Business-4-625x415.png" alt="Work From Home
Credit Repair Opportunity" />

Work From Home
Credit Repair Opportunity

More and more people today desire, and sometimes need, to find a work from home business.

Stay at home parents, retirees and others want an opportunity to work from home and generate supplemental or full time income. Over 20,000 people around the U.S. are taking advantage of our work from home credit repair opportunity. Some are working with us part-time to supplement another income. Some develop it into a significant full time income. But the key is that they all work from home.

What’s the Market in Credit Repair?

Nearly a third of Americans have a credit score lower than 601. That is the designation point between poor and fair credit. Of course, in order for these individuals to improve their financial situation they need to raise their credit score. Getting credit for a home, a car, credit cards and far more requires a favorable credit score.

How Do We Find People with Less Than Favorable Credit?

This is an exciting part of our business. All we have to do is develop relationships with professionals in credit-related industries. Industries such as real estate, mortgage, banking, solar and automobile in particular. These industries need people with a favorable credit score to qualify for financing to purchase what they sell.  In the solar industry, as an example, up to 50% of customer prospects cannot qualify for financing due to credit score. They have no solution to the problem.

You Become the Solution with Our Work From Home Credit Repair Opportunity

Professionals in credit-related industries are happy to refer their credit challenged clients to our Independent Agents. Your role as an Independent Agent is to sell people our services. Most of this is done over the phone. You will want to go out and meet people in real estate or the mortgage business perhaps but client work is done from your home office. Customer support and service delivery (credit repair & other services) is provided by our corporate office team.

You Can Market to People in All 50 States

There are no restrictions or territory boundaries. Our parent company has cleared the way for our Independent Agents to offer our services in all 50 states and U.S. territories. Technology and cell phones allow us to market and sell our services as if we were next door.

If You Like People You Can Learn This Business Quickly and Easily

Our training program and one on one mentoring help you learn exactly how to do it. There are some things you need to bring to the opportunity. Does it require sales skills and comfort level to speak to people on the phone? Yes. Do you need creativity to attract people to reach back out to you? Yes. Does it require consistent dedicated hours every week? Yes. Does it require an entrepreneurial mind set? Yes.

The rest is in place. A website, online marketing materials, sales funnels with landing and thank you pages, email drip campaigns, example social media posts, videos about our services, and live customer support to take over after the sale, is all in place.

With this work from home credit repair opportunity you can earn income from day one.

Our Independent Agents are paid weekly on the previous weeks sales. You can also earn monthly residual income as well. In addition to income you earn during the month from new sales, in a very conservative scenario you can have over $2,000 a month coming in for work that you’ve already done. And, just keep building upon that.

We’re excited to show you what we have to offer. If you’re the right person for a work from home credit repair business we’d love to speak with you. But before we do that watch this video. It’s 30 minutes long so watch it when you have that period of time to devote to it. Take notes. Write down questions. Then after you’ve watched the video click below to Book a Phone Appointment with Vice President, Dale Guiducci. He’ll answer your questions and share how he has built a multi-million dollar business from home over the last 7 years. You may not want to generate millions but what if you did even a small percentage of that?

Now to learn more about our work from home credit repair business opportunity…
Go Ahead & Book That 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 

This post was updated from a previous post published in November, 2015. It has been updated for accuracy and relevance.

Start a Credit Repair Agency TODAY!

When you come up with the idea to start a credit repair business it seems pretty simple. But after doing some research you realize that there’s a lot to it. And, it’s going to take more time and money than you originally anticipated. Even just the basics can be hurdles to jump over. But I’m hear to give you good news. You can start a credit repair agency and do it today!

To Do List for Starting a Credit Repair Business

Federal and State Laws have to be researched and overcome. Can you afford to not accept upfront fees? And, can you afford the surety bond if one is required by your state.

You’ll need to find a way to pull credit for your clients or are you going to have to ask your clients to pull their own? Or, maybe they sign up for a credit report service and give you their username and password. That’s not ideal.

Then you become aware that it’s next to impossible to find a merchant services company to work with someone in the credit repair business. So, how are you going to be able to process credit and debit cards?

Of course, you have to choose the best credit repair software to use. Or, at least pick one that isn’t going to cost a fortune.

Maybe you know how to build a website, maybe not. But that has to be tackled for sure.

In order to start a credit repair agency you have to have credit repair training

Oh, and marketing materials like business cards, brochures and flyers. Too bad you couldn’t have a high quality video.

And all that’s just for starters. You haven’t yet figured out who’s going to do the marketing, the sales, and deliver the credit repair service. Oh wait, that’s all on you!

What If There Were a Way to Start a Credit Repair Agency TODAY?

Well, there is! Our company has been in business since 2004 and offers an opportunity for you to own your own credit repair business as an independent Agency. It’s very similar to a State Farm Insurance Agency. You would market to and sell to customers and the parent company delivers the services.

  • All federal and state laws have been satisfied so you can not only do business in your state but ALL 50 STATES!
  • The company pulls credit for your clients.
  • All credit and debit card transactions are processed by the company.
  • You’ll have an expert staff that analyzes credit reports and drafts the dispute letters.
  • You do not need any software or even need to learn how to write a dispute letter.
  • The company gives you a customized website.
  • Professional, compliant marketing materials are available including professional marketing videos for you to use.
  • And, because they deliver the credit repair service you can simply concentrate on marketing and sales to help even more customers.
  • You’ll have an excellent online training platform so you don’t have to leave your home or office to learn the basics. And, you can do the training anytime you want.
  • Would you like to learn this business from someone that is a multiple award winner and has brought in over $ 4 million in revenue? You will. You’ll have one on one coaching and get weekly LIVE training from me, Dale Guiducci. I will teach you EXACTLY how credit repair works and make you an expert for your clients.

But It Gets Even Better Than That

You’ll be able offer far more than just credit repair to your clients. Don’t get me wrong. Credit repair is a great service. It increases consumer credit scores. In fact, we’re very good at it and have been since 2004. We’re (NACSO) National Association of Credit Services Organizations certified and our credit repair division has an A+ Better Business Bureau rating.

But credit repair only works on Payment History which makes up just 35% of a credit score. What about the other 65%? You’ll have other services to provide to your clients at no extra charge that will affect 100% of their credit score.

You Could Be in the Credit Repair Business Today!

Become an independent Agent with us today. Everything mentioned here is provided to you immediately. You could be out talking to customers and enrolling them today!!

A Credit Repair Agency is a Great Way to Start a Part Time Credit Repair Business

If you have to initially get started with a credit repair business part time this is perfect! The company provides you with everything you need so you can do this with 10 hours a week or more. How would you be able to start a credit repair business on 10 hours a week on your own?

But Here’s the Best Part

If you’ve done the research you know that to start a credit repair business could cost you $10,000 and far more. So, if I told you that it would cost just $5,000 to start your own Agency you’d probably be thrilled.

Relax Because You Can Start a Credit Repair Agency for Less Than $300!

But you have to do something before you jump in.

You have to watch the 30 minute video below to learn the details on our credit repair services, the cost to the customer, your compensation, our business development opportunity, our credit repair business training and how to get started. Once you’ve done that then you’re ready to book a phone appointment with me to get your questions answered and start your Agency if you’re ready.

So, go ahead and watch this video. Then book that phone appointment.

You’ll be speaking directly to me, Dale Guiducci. Here’s a little about me…

I decided to start a credit repair agency in June of 2012. Since then I have become one of the most successful Agents in the country. I have won every major award and contest the company has. But more importantly I’ve helped others become successful in their own Agency which is what I want to do for you.

Now Book That 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 

Start a Credit Repair Agency TODAY!