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If you’re looking to start a credit repair business you may have come to the conclusion that you basically have two options.
Option 1- Piece together the business by paying separately for software, a website, contracts, training and other essential components by buying kits, CD’s and manuals.
Option 2- Purchase a credit repair franchise that presumably has everything you need to get started.
We actually are going to provide you a third option for a credit repair business opportunity below that we believe you’ll find head and shoulders above the first two.
A Challenge to Overcome to Start a Credit Repair Business
Neither of the first two options overcomes a major challenge in the credit repair business. You need to have the time to not only find clients but also perform the credit repair service for these clients. Finding clients is a full time job by itself. Doing the work of credit repair is another full time job. So, to work with either of the first two options there will be a limit to the amount of credit repair business you can generate. Or, you have to hire staff to generate the business or provide the credit repair service, whichever part you do not want to do or are least skilled to do.
If you have done any homework on the topic you probably did an internet search for the following terms as we did:
start a credit repair business
starting a credit repair business
credit repair business opportunity
credit repair business franchise
and terms very similar. What you found are the types of opportunities mentioned above. Companies that provide pieces of the business, and others that offer a credit repair franchise.
What You’ll Need to Start a Credit Repair Business from Scratch
Before you can decide on a company to work with that offers pieces of the credit repair business you need to understand all the pieces you’ll need. Here is a partial list of what you would need to start a credit repair business.
A Web Site– and text for that web site such as frequently asked questions, a marketing video explaining your service, a contact form, an option for a client to sign up for your credit repair service online, and more.
Marketing Materials– brochures, flyers, videos, business cards, logo
Credit Repair Contracts for your state or other states if you want to do business outside your state
Credit Repair Software to assist in the credit repair process, sales tracking, and accounting
A Staffed Phone Line for customer support
An Automated Process for updating clients on the their credit repair progress
We found no companies other than the third option which we’ll reveal below that provides all these pieces. To put it all together, costs will range upward from $1,000 to start a credit repair business. But that does not include many of the missing parts of your business. You can estimate the true start up costs yourself but our figure is conservatively at $10,000 over the first year.
Credit Repair Franchise
There is the credit repair franchise or licensee option. We found a few although there may be more.
According to Franchise Gator, CreditCRM has a start up of $15,000.
Credit Dispute Pro
Franchise Clique lists Credit Dispute Pro at a start up of $9,500.
Credit Repair USA
There is also a company called Credit Repair USA which is not a franchise. They consider you a licensee. According to a video on their website as of the update of this post they’ve been bringing on licensees since 2015 and have about 200 such licensees. Franchise Gator lists their fees at between $199/mo to $1499/mo.
Challenges with a Credit Repair Franchise
Let’s assume each of these franchisors or licensors provides you with everything listed above. And let’s ignore for the fact for a moment that many credit repair franchisors have gone out of business. That, of course, leaves their franchisees with no benefit to the money they spent on the franchise. You still have to consider that franchisors typically limit your territory.
And what really are you paying thousands of dollars for? None of these companies have a household name. If you buy a Subway sandwich franchise you’re getting a recognized name and national TV exposure. But none of these companies will accomplish that for you. And, are they going to satisfy the requirements in your state or do you have to do that?
The Best Solution to Starting a Credit Repair Business
Option 3- So, what if you could find a company that provided everything you needed to get started in your credit repair business? And, you got everything from Day One.
Website- you have a personalized web site built for you. It’s complete with frequently asked questions, marketing videos explaining your service, a contact form, an option for a client to sign up for your credit repair service online, and much more.
Online Marketing- if you want to use social media and other aspects of the internet for marketing you’ll have landing pages and a contact management system. If you want to do build a credit repair business online, you’re ready to start posting and placing ads.
Marketing Materials– you’ll have immediate access to professional brochures, flyers, folders, videos, and business cards. These materials are compliant with all state and federal regulations, and laws.
Credit Repair Contracts- you’ll have digital contracts right on your website for all 50 states. And that’s how you’ll enroll your clients, right online.
Credit Repair Software- we have the most sophisticated credit repair software in the industry. However, you won’t have to learn it because you’ll have staff provided to you. These highly training credit repair personnel will pull credit reports, analyze those reports, draft dispute letters and get them processed. All that information will be uploaded to your online portal for your review.
Customer Support- again you’ll have a dedicated team to handle all your client calls, answer questions and update you if needed.
Automated Client Reporting- each of your credit repair clients with have an online portal and secure login. Any information or updates on their account will be uploaded for their convenience.
Training- immediately available to you will be our online training system. You can not only start your training right away but you can do it on your schedule. You’ll also be included in our weekly live training that you can access from your home or office.
Highlights of our Company
We offer credit repair at one of the most competitive rates in the industry.
And, we provide clients with a satisfaction guarantee.
We’ve been in the credit repair business since 2004, have an A+ rating and are accredited by the Better Business Bureau and our credit repair division is accredited by the National Association of Credit Services Organizations.
We do not limit your geographical limitations. You can do business in any and all 50 states.
You can find and develop other individuals who wanted to also be in the credit repair business, and get paid on their business.
You can offer other services such as a Will and Trust, LifeLock, a service to help your clients pay off their bills faster, a service that showed them how to increase their credit score beyond just fixing their credit, and more.
We provide you the benefit of up to $100,000 in life insurance.
And, you could get started immediately for less than $300.
Well, if you’re serious about getting into the credit repair business this is not a hard decision.
ERA Credit Services can provide you with the opportunity to be in the credit repair business, get everything listed above, and do it for less than $300 out of pocket start up costs. You can literally start today and begin earning money by the end of the day. On top of everything listed above we have the best compensation plan in the industry.
If it sounds too good to be true, it’s not. We have simply found a way to provide a better opportunity. Don’t you owe it to yourself to find out more?
Watch This Video to Learn
How to Start a Credit Repair Business for Less Than $300
Did You Like What You Saw in the Video?
If so, then click below to ‘Book a Phone Appointment’
This post was originally published in June of 2013 and has been updated for freshness, accuracy and comprehensiveness.
ERA Credit Services and/or it’s partners, Agents or affiliates make no guarantees to the level of financial success our Independent Credit Repair Agents can achieve. Earning substantial income with this opportunity requires hard work, leadership and dedication and some Agents may make no money at all. All income you receive with will depend upon your individual effort and ability. To see our full income disclosure visit Income Disclosure
ERA Credit Services is an Independent Agency representing a 501(c)(3) non-profit organization and does not directly provide credit repair services or accept funds from clients for credit repair services.
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