You cannot start a credit repair business without software. Software saves time, which makes it possible to scale your business. We recommend TurboDispute.com: The best Web-Based Credit Repair Software CRM. TurboDispute will Import Credit Reports and Scores in seconds saving your hours of typing and manual data entry. It also includes built-in private label credit repair client and affiliate portals with full access for your team, your clients, affiliates and leads. It’s everything you need to start, run and manage a credit repair business. Also it will help you handle credit disputes faster than any other method. Because it’s web-based, all users have instant access from any computer, tablet or smart phone. Try it free for 30 days at www.turbodispute.com
How to Start a Credit Repair Business
You’ve finally made the decision to start your own business, and you’ve chosen to start a credit repair business. You do not know much about what it is going to take to do it, but you realize the amazing potential that the business presents. Perhaps you would like to make extra income and simultaneously help people who are having trouble with their debt.
You will be able to help those who need it, and because so many are in need out there, you can make a nice profit while still keeping your rates reasonable. Of course, you need to make sure that you start learning more about the business so you can do it right.
You are also going to need to have a name for your business, and you will need to register as a business. You can use your own name, or you can come up with a separate company name. Make sure that you have your tax information squared away as well when you are starting a credit repair business.
You will need to come up with leads and find clients. Advertising can work, but you will also need to have a web presence. A website or even a blog is necessary. It’s a good idea to have your own domain name though, as this can inspire more confidence in your customers. Make it easy for your customers to contact you.
Start Credit Repair Business and Increase Your Income
You can start a credit repair business and begin making a great income. This is a great business opportunity, and you can feel good that you are truly helping people start anew in their life.
Even if you do not have any knowledge of what it takes to fix people’s credit, you can learn without much trouble at all. With the right professional credit repair software, you will be able to learn all of the tips and secrets that credit repair agencies use. Best of all, you will be able to work from home and then turn it into a full-time profession. As you learn more about repairing credit, you will even be able to offer consultations and advice. With so many people falling deeper and deeper into debt, now is the time to get into this business so you can assist those who are in need. Everyone wants to find a way out of debt, and now you will be able to help people to do it.
When you work from home with the credit repair opportunities, you will discover quite a few advantages. You will be able to work from home and be your own boss for starters. In addition, you are going to have little overhead. With quality credit repair software that guides you through the process of repairing credit and gives you the best ways to do it, you can handle the business on your own. Until you begin gaining more and more clients, you do not even have to hire another employee. Of course, when you are making more money and attracting more clients, you can start hiring and training others to do the same thing that you are doing!
The only thing that you need to get started in the business is intuitive credit repair software that has dispute letters and techniques that you can use to fix credit. When you have software with plenty of options and features, you will be able to reduce the amount of time that it takes you to learn the process. This means that you will be able to take care of your client’s problems more quickly, which in turn means you will have more time for more clients!
How much money can I make with a Credit Repair Business?
Millions of people around the country are struggling with their debt. They do not know where to turn or what to do. With so many people suffering from bad credit today, this business makes quite a bit of sense financially. Remember, the goal is to scale your business. How do you do that? Slowly and methodically, with reasonable pricing, good service and happy clients who keep your service very long time.
Other local businesses will be eager to send you clients.
Why will they do this? Because it makes them a lot of money. This is how you will scale your business.
It’s the Best Time To Start a Credit Repair Business!
The economy is in trouble. People are having trouble paying their mortgages and their car payments. They are unable to make ends meet. Credit scores are dropping rapidly, and an estimated 80 million people in the country now have bad credit. Banks and other lenders are much tighter with their restrictions now, and that means that many people are not going to be able to get loans in the future. While this is a dire time for many people, it can also be an opportunity. Starting a credit repair business now can be beneficial for those who are living with bad credit, and it can be beneficial to you.
Consumers need help, and you will be able to provide that help to them. With the knowledge of how to repair credit easily and legally, you will be providing a quality service that people desperately need. Most people do not have any knowledge of how to fix their own credit, and they do not feel that they can take the time to learn how to do it. Starting a credit repair business helps them, and you will be able to make a nice profit from your services. As long as you are charging a fair amount and doing a great job, then word of your service will spread.
The opportunity for credit repair services grows each day. Get in on this now so you can start your business and begin helping people who need it.
The first thing that you want to do when you are starting a credit repair business is to learn more about the process. You do not have to go to school to get the training you need, and you will even find that the techniques used are quite simple. Good credit repair software that has tutorials, guidance and even dispute letters ready to go is a great way to get started. Make sure that you familiarize yourself with all aspects of the software before you try to take on a client. You want to know the features and the limitations of the software inside and out. It should not take much time to become proficient.
A credit repair business
• Very profitable
• In demand during tough economic times
• Is very easy to run from your home and doesn’t require any investment
• Can start making you money right away
• On average will generate $800-$4500 per client (or more)
• Covers its expenses with just a few clients
• Can be a great supplement to your existing business and provides a service that helps people
• You can have your own schedule
Credit Repair Business Opportunities Have Just Become the Opportunity of the Century
The dream of starting a business is one that many people share. Thoughts of working from home and being your own boss settle in the minds of people who are tired of their regular jobs all the time. However, it takes courage, drive and a great idea to break out of the workaday world and start a business. One of the best opportunities for entrepreneurs today is in the realm of credit repair. With so many people suffering from bad credit thanks to the economy of the last few years, it makes sense that those people are going to need help cleaning up their credit now. It’s a great business opportunity, and you will be able to help people get a fresh start.
Follow these steps to get started.
Step 1. OBTAIN A COPY OF YOUR OWN CREDIT REPORT HISTORY AND STUDY IT.
Learn the process. Order copies of your credit reports from Annual Credit Report.com or directly from each credit bureau Equifax, Experian or Trans Union. Review each for errors and compose a list, along with an explanation of each error. Dispute said errors with each credit agency reporting the erroneous items. In addition, contact each creditor and request the items be reported correctly.
Step 2. LEARN AS MUCH AS YOU CAN ABOUT THE CREDIT REPAIR REGULATIONS.
Determine licensing and bonding requirements. Laws differ in jurisdictions, but in general, a credit repair business has to apply for and obtain a occupational license. In addition, seek a surety bond with a bonding agency. Typically, credit repair businesses must bonded to legally operate. Check with your state’s department of business regulation for the specifics of each requirement.
Also setup and create your agreements and disclosures such as:
Credit Repair Service Agreement
Client Credit File Rights and Disclosures
Power of Attorney
Authorization to Obtain Credit Reports
Notice of Cancellation
Step 3. GET YOUR FIRST CLINT
Once you get your clients credit reports, you can then identify negative items that impact your clients credit score and work with that client to correct any mistakes.Credit repair involves sending out dispute letters to the credit bureaus or creditors to requesting verification. You clint has the right to dispute inaccurate or incomplete information in your credit report. The credit reporting agency must comply within 30 days.
Step 4. EXPLAIN THE PROCESS TO YOUR CLIENT AND KEEP UP WITH YOUR PROMISES
A credit repair company cannot “erase” negative items that are accurate and have been present on a credit report for less than seven years. However, many accurate but negative items can be removed with a bit of finesse if you learn the right negotiating tactics and approach the creditors and collection agencies in the proper manner.
Here’s the good news: 79% of all credit reports contain errors. This means that MOST credit reports contain errors. Those errors come off very easily with a few clicks of your mouse. Simply removing errors will improve a score almost immediately. Once you’ve accomplished that, you can further enhance a credit report by negotiating the remaining negative items.
Step 5. MINIMIZE YOUR TIME SPENT BY WORKING SMART AND ORGANIZED
The most common mistake more entrepreneurs make is in managing their time poorly. Time spent creating dispute letters and handling paperwork can eat up hundreds of hours and drop your hourly earnings very low. This is where software comes in handy. It can help you to work “smart” by saving you hundreds of hours by automating the process and giving you more off-time to enjoy your success.
Step 6. PROMOTE AND MARKET YOUR CREDIT REPAIR SERVICE
Market your credit repair business. Create and publish a website that contains your mission statement, a summary about the credit repair process, a schedule of fees and your business’ contact information. Use social networking sites and pay-per-click ad campaign to drive traffic to your website and distribute fliers in local shopping mall parking lots. Purchase print and radio advertising to target local consumers.
Step 7. START SLOWLY AND GET RESULTS FOR ONE CLIENT BEFORE TAKING ON MANY CLIENTS
As a credit consultant, you should start to build your business locally before expanding too fast or going to the internet. If you build your credibility early, when you branch out, you will have experience and a history of customer satisfaction to back you up.
Stay honest with your clients and never guarantee what you cant do. Take time to explain your clients how the process works and what should they expect so your clients can trust you and your business, after all you are providing them with a very important and personal service.
This will increase your credibility and also generate more business by word of mouth.
Step 8. CREDIT REPAIR SOFTWARE
Starting a credit repair business can be made much simpler with the help of Professional Credit Repair Software. TurboDispute is Web-Based Credit Repair Software with all the tools needed to start, run and manage a Credit Repair Business! Automatically import your clients Credit Reports , Automated dispute letters, client and affiliate portal, multi-user and fully customizable. Manage your entire credit repair business from anywhere. For more information about credit repair software visit www.turbodispute.com or call 1-877-824-1121 for a free consultation. Be sure to ask about our current specials!
If you are looking to start a credit repair business, here are some ideas from folks having success with our software. Credit-Repair Business methods for revenue and here is our recommended software for starting a credit repair business.
Credit Repair CRM (professional software for a credit repair business)
The National Association of Credit Service Organizations (NACSO) (Provides an exceptional compliance testing and Credit Repair certification)
Credit Repair Business Knowledge base (get answers to some inside questions from our users )
Credit Repair Business Startup and Marketing Materials
Credit Repair Blog
Merchant Account for Credit Repair Business (accept credit card for Credit Repair Services)