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<img class="blog_post_image" src="https://eracreditservices.com/wp-content/uploads/2019/07/How-to-Run-a-Credit-Repair-Business-From-Anywhere-ERA-Credit-Services-625x415.png" alt="How to Run a Credit Repair Business
from Anywhere" />

How to Run a Credit Repair Business
from Anywhere

As I’m writing this, I’m in Columbus, NC. Columbus is about 650 miles north of my home in Largo, FL at the foothills of the Blue Ridge Mountains. My wife, Shirley and I have been here for a little over a week and we’re having a great time. This is such a beautiful area to explore. We’re here for 5 weeks and we plan to explore as much as we can. That is what has prompted me today to write about how to run a credit repair business from anywhere.

Our credit repair business has given us a very nice income, allowed us to save for retirement, build a steady residual income for the day when we stop working, and gives us time and travel freedom. The credit repair business is a great business!

The Right Business Model Creates Freedom

But as I’ve been writing about and doing YouTube videos about for years, you must have the right business model. You can run a credit repair business in a few different ways. But if you want true residual income and the ability to travel and still work your business, there is only one way to do it that will work.

It’s all about having a staff that does the administrative part of the business. I call it the service delivery. If you’re marketing for credit repair customers, selling to those customers, delivering the service, and providing customer support you will be tied to your business. You’ll never be able to take time off and travel.

Think about it. What sense would it make to do what we did. You drive 11 hours to get to a beautiful spot and now must take calls for new business, pull credit, analyze credit reports, draft dispute letters, and take calls from existing customers that have questions. That does not sound like a fun travel experience.

Travel and Still Run Your Credit Repair Business

Here’s how I’ve got things set up for the 5 weeks that we’re in North Carolina. I still take calls from customer prospects. But I only take those calls during the hours I’ve scheduled myself to work which is Monday to Thursday, 10 am to 5 pm. If they call at another time, I’ll text them back and ask then to go to my website and book an appointment. I have software on my website that pulls up my Google calendar and shows the times that I’m available. They pick a time and I get the information to call them at a time that I’m working.

If I sell our services to that customer, I input the information and our staff does the rest. I’m done. I don’t need to worry about pulling credit, drafting letters or answering the customers questions. If there are any serious issues with a client, our staff calls and discusses it with me. And, there are rarely serious issues with a client.

Check Out Our Credit Repair Business Model

If you’d like to explore our business model and how you can have a staff that does all the administrative side of the business for you visit Credit Repair Business Opportunity. Watch a 21 minute video which is the only video on that page. Then use my appointment booking system and book a time to talk with me that works for you.

You’ve got to think ahead and plan before you start our business. If you don’t, your business will own and run you instead of the other way around.

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.
“Please know that I do not distribute my subscriber’s information”. – Dale Guiducci

Credit Repair Business – The Reality

It’s a Great Business But…

The changes in the American economy over the last 2 decades have created a huge market of consumers in need of help with their credit report and increasing their credit score. As a result, many people have decided to look into starting a credit repair business.

But just like any other business there are challenges. If you have never attempted starting a credit repair business before there is a lot of information to gather and knowledge necessary to do it the right way. The credit repair industry, like many others, has a high percentage of people that start the business and quit within the first year. Why is that? And how do you avoid being one of those people? This article will cover the points you need to consider.

Laws and Licensing

There are no licenses you need to have to be in the credit repair business. However, you do have a few laws you must consider. And, these laws may be different in each state. The Credit Restoration Organizations Act (CROA), a federal law, states that a for profit company cannot charge fees before performing credit repair work for a consumer. Although many have come up with creative ways to deal with this law it will affect cash flow for a new business owner. However, attorneys, banks, credit unions and 501(c)3 non-profit companies may charge upfront fees. They are exempt from CROA.

In addition, certain states require surety bonds up to $100,000. Bonds will run you between $1,000 and $10,000 every 2 years depending on the surety amount and your credit score. Yes, credit score affects just about everything.

Fees for Service

In addition to deciding how you are going to charge for your credit repair services (if you cannot charge upfront how are you going to charge?) you must also decide how much to charge. Gone are the days when you can charge $1,500 to $5,000 for credit repair services. There are established, reputable companies that charge $90 to $125/month for a very effective service. You’ll have to compete with that when starting a credit repair business.

Initial Investment of Starting a Credit Repair Business

There are typically two ways to go with starting a credit repair business. The first is to purchase all the necessary components such as software, a web site, legal documents, training, etc. separately. We’ve estimated this cost to be about $10,000 in the first year although these items can be purchased on a monthly basis. The other way to go is to purchase a franchise. The investment in a credit repair franchise is between $19,000 and $25,000. Don’t be discouraged if you do not have $10,000. We will give you a third alternative below that has a start up cost of less than $300.00.

Technology

Consumers today expect that a company will have technology in place to allow them to stay in touch and keep track of what’s happening with the progress of their credit repair process. You must provide your customers with the ability to check the status of their account online to be competitive in this industry. Doing this as solopreneur may be an expensive and daunting task.

Skill Sets

If you’re doing it alone in this business you have to be good at three things, marketing, sales and administration. You have to be a good marketer. Selling your credit repair service to friends and family may get you started but you must position yourself as a credit repair expert in your area. You have to get the word out in the community by developing relations with other business professionals that may have clients that need your service. You must have an online presence as well. Not just a website but the ability to drive traffic to your web site. You need to have leads coming to you every day.

Then you have to be great at sales especially when you’re new because you have no track record or credibility to fall back on. You have to sell against local and national companies that your prospective customer is going to contact as well. Even if your company has the same credentials and advantages as other companies how good are you at selling and closing sales?

Lastly, you have to be good at credit repair. Can you pull credit reports (credit report brokers don’t want to supply credit repair companies) and analyze those reports. Do you know how to advise the client as to the probability of removing all types of items (foreclosures, liens, charge offs, medical bills, repossessions, late payments and more). You then have to know the correct dispute codes and reasons that a credit bureau will open a dispute about these items. Then you have to track this information and be prepared to challenge each item multiple times for a client. This is no easy set of tasks.

Time

You have to have time to do all that is stated above when starting a credit repair business. Credit repair business owners can’t find time to develop new customers because they are doing the credit repair work for their existing customers. Or, they can’t find the time to service the customer because they are trying to develop new customers.

The Solution

Everything stated above comes from experience. It seems daunting, and if done on your own it is. However, we have developed a system for new credit repair business owners that addresses and overcomes everything we have discussed here.

All the state laws and requirements are met. You can do business in ALL 50 states right away.

There is a low initial investment of less than $300.00.

This system provides the latest technology for you to offer customers.

There is an online training platform and one-on-one credit repair business coaching.

You utilize a staff to do the credit repair admin work. This allows you the time to market and sell to customers.

In addition, you’ll provide the best, fastest, and most effective credit repair service in the industry.

But the best component to this solution is that you can develop other people that want to build a credit repair business. They are part of your business and you earn income from their production.

It is without question the best opportunity for anyone that desires to start a credit repair business.

For more information watch a Detailed Video & Book an Appointment to speak with us

start a credit repair business

This post was originally published in March of 2014 and has been updated for freshness, accuracy and comprehensiveness.

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.
“Please know that I do not distribute my subscriber’s information”. – Dale Guiducci

Credit Repair Business – The Reality
Credit Repair Business Owner

Credit Repair Business Owner

90% of people fail as a credit repair business owner. Don’t let that discourage you. It’s actually a good thing because it weeds out those that make a poor decision regarding their business model. It should however, make you curious about why choosing a business model is so important. And, want to find out what the credit repair business model options are.

We’ll discuss the options below but just know that if you choose a business model where you are doing all the work (marketing, sales, service delivery) you will fall into the category of the 90% who fail. It’s inevitable. That’s not because of your abilities necessarily. It’s because there are only so many hours in a day and you HAVE NO LEVERAGE!

Think about it. As an employee working for someone else you were trading time for money. Go to work for a certain number of hours and bring home a check. If you didn’t work, there was no check. What would be different of you became a credit repair business owner and had to do all the work yourself? You still HAVE NO LEVERAGE!

You could never stop working. You couldn’t even make money when you took time off or got sick. Yes, you are working for yourself but you’re the only one that’s working!

Credit Repair Business Owner – Choose Wisely

It’s all about being an entrepreneur versus a solopreneur. Solopreneurs work for themselves but also by themselves.

But what if you could use leverage to have systems and people in place working for you? This is what entrepreneurs do. First, you could have more customers and make more income. Next, you could develop passive income by having others generate business for you. And, you’d have a system in place to deliver the services to all these customers.

How do you build something like this as a credit repair business owner? You can’t. Or, at least most of us can’t because we simply don’t have the time, money and expertise to do it. It takes years, millions of dollars, and decades of experience.

So, we’ve put this system together for anyone that wants to work smarter and not harder. And, become an entrepreneur as a credit repair business owner. Make no mistake. You still have to work hard. But why work harder at something that has a 90% chance of failing? Why not make a smart decision to begin with and work hard to build that?

Credit Repair Business Owner – The Solution

We’ve partnered with two other companies to build this system. First, a company that provides all the technology and infrastructure. This includes websites, customer portals, delivery of the services, customer support, and satisfaction of legal requirements in all 50 states.

The other company trains people on how to run a successful business and become a true entrepreneur. And, if someone wants to expand their business by developing a team of people to sell and build a business, they train them as well.

These two companies are both vitally important to our success and to yours. You can’t have one and not the other. You can’t have a vehicle and then not learn how to drive it. And, what good would it be to learn how to drive and not have a vehicle?

This system has proven to help people earn millions of dollars as a credit repair business owner. It’s also helped people have a credit repair service available to their clients from another business. They don’t have to spend all their time delivering credit repair. They can focus their time on their main business and still produce the result they are looking for.

If you want to learn more visit the BUSINESS OPPORTUNITY page on our website to watch a detailed video and schedule a time to speak with us.

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.