Tag Archives: start a credit repair business

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

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.

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

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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.

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

Credit Repair MLM
How to Build a Credit Repair Business

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.

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

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!

Start a Credit Repair Agency TODAY!
Credit Repair Business – The Reality

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.

Credit Repair Business Plan

To start a credit repair business, or any business, you must think about a credit repair business plan.

In doing so most people will start thinking about what they need. After doing just a bit of research on the internet they may decide they need software, a website, knowledge of state law, and training. That may seem logical. But I would recommend you start from a different place.

Building a Credit Repair Business Plan

Instead of first thinking about what you need, first think about what you’re trying to accomplish for yourself. What do you want this new business to do for you? How is your new credit repair business going to fit into your life and your existing job or business? When starting a credit repair business first consider the following:

  • How many hours per week can you devote to it?
  • What are you willing to do to market your new business?
  • How much time are you able to give your business before it generates a profit?
  • What can you afford to invest into starting a credit repair business?
  • Are you willing to do all the administrative labor for your clients?
  • If so, will you still have time to find new clients and referrals?
  • Will doing all of what is required take away from an existing business or job?
  • Do you like, are you good at, or are you willing to learn how to sell?

Once you answer questions like these now you can start looking at different credit repair business models. Yes, there are different ways to set up your credit repair business depending on your needs and desires.

Match Your Needs and Desires with the Right Credit Repair Business Model

Time and Money is Abundant

If you have a significant amount of financial resources and time you can start your business from scratch. You can research and buy credit repair software. You can build a website, social media pages, start a blog, and all else that’s necessary to drive traffic to your website. You can build a sales funnel for online marketing. You can do the administrative work and still market your business to continually find new clients.

Time is Limited, But Money Isn’t a Problem

You can then purchase a credit repair franchise. You’ll have most everything from a credit repair standpoint already set up for you. You’ll only need to focus on setting up the marketing your business. Hopefully the franchisor you choose will provide the administrative tools to do the credit repair work. Just know that buying a credit repair franchise starts at $9,500 and goes much higher.

Time and Money are Limited

If this is the case you’ll need to find a business model that takes care of a lot of the set up and ongoing credit repair process for you. You will be charged only a nominal fee to get your business set up. You’ll have a staff that does the redundant work of credit repair for your clients. And, your marketing materials, videos, online marketing tools, website and more are set up for you from day one. Plus all the state and federal law requirements are satisfied in all 50 states. That means you can do business anywhere in the country.

What is this Credit Repair Business Plan?

In the credit repair industry people typically spend more time, effort and money researching how to get their business started than they can afford. They don’t create a credit repair business plan. They don’t consider what they truly want out of a credit repair business. And therefore they either quit before they get started, or they fail just a few months into it.

The Best Credit Repair Business Plan in the Country

We started a credit repair business in 2012. We built that into a business that produces nearly $1 million in revenue annually and a 6 figure income. You can exactly the same thing. All you need to do is take 30 minutes to watch a video detailing the business model and then book a phone appointment to get your questions answered. If nothing else, you’ll be much more aware before you start your credit repair business. But this credit repair business plan and business model may fit perfectly into what you’re trying to accomplish.

Watch This Video

If You’re Interest is Piqued Now Just Book a Phone Appointment With Us

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
Credit Repair Business Plan
<img class="blog_post_image" src="https://eracreditservices.com/wp-content/uploads/2013/06/Start-a-Credit-Repair-Business-e1544346822128.png" alt="Start a Credit Repair Business
for Under $300" />

Start a Credit Repair Business
for Under $300

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 businessstart 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

Training on Credit Repair Law such as the Fair Credit Reporting Act and the Credit Repair Organizations Act, sales training, and business training that can be done online and in person.

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.

CreditCRM

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.

Proven Credit Repair Business

You have a great idea. You want to start a credit repair business to help the hundreds of thousands that need to increase their credit score. But you want to find and use a proven credit repair business model. You’re searching around the internet to find out how to do it. Then you realize that starting it on your own is not simple or easy. It requires a lot of legal knowledge and start-up capital. Not to mention it will take months to get it going before you can start looking for your first client.

We Have a Proven Credit Repair Business Model

We get it! We’ve been there! In 2012 we did the same thing that you are doing right now. But because we went through all of that you don’t have to. We have a proven credit repair business model that’s set up. It’s waiting for you to plug into it, start helping people, and generating income for you from day one.

All of the technology, website, infrastructure, customer support, and legal requirements in all 50 states are all handled for you. You plug into it and learn how to share the services to your perspective clients. You’re up front investment? $288.00. That’s it!

It Sounds to Good, But It’s True

Does it sound too good to be true? Perhaps. But it is true. We’ve been helping people start their own credit repair business with a proven credit repair business model since 2012. You see we used the exact same business model to help thousands of people all over the country improve their credit score. We have been earning a six figure income from a home office for years. We proved that it works. Now we offer this proven credit repair business to anyone willing to learn and put in the effort to go out and get the clients.

We’ll teach you everything we did to go from nothing in 2012 to a nationwide credit repair service producing close to $1 million in revenue annually.  What do you do to find credit repair clients? How do you speak to them so they feel comfortable working with you? How does credit repair work? What can you and your client expect? All this and more.

What You Should Do

If you want to learn about our proven credit repair business here’s what to do…

  • Click the box below and watch a video
  • If you like what you see in the video scroll down from there and book a phone appointment with us. We’ll cover any details and answer any questions you have.

That’s it. We keep it simple. And at the end of our conversation if you decide to go in another direction to start your credit repair business we’ll wish you the best of luck…and mean it!

So, what do you have to lose? Click the box below. We look forward to talking with you.

Proven Credit Repair Business

Proven Credit Repair Business