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Starting Your Own Credit Repair Enterprise

Even before the recession, there are a lot of people that need credit repair. Its because these individuals spent approach beyond their means and the only way they could have good position again is to shell out the dough. There is an opportunity here to make some money specially when you decide to put up your own personal credit repair business.

Credit repair companies continue doing well because during memories and bad, there are people who will always be with debt. To help you get started, you have to educate yourself first concerning the in and out of the business so that you are able to help the client.

All you need to know about the credit repair business can be learned from companies that offer such training. When looking for them, make sure that they are legitimate as there is the possibility of signing up inside a program that is just a scam.

Aside from credit repair companies that give classroom instruction, there are companies which you’ll also learn from online. They even have a software program that will teach you every thing there is to know. Just find out if it is worth spending your hard earned money.

The nice thing about a credit repair business is that you can begin this at home before shelling out money to hire office space. You can have customers drop by or you need to make the effort to meet these to discuss their financial predicament.

But how do you find clients? Starting out, you can ask friends and family for help because they may need your assist or they know someone who does. When you speak with a client, make sure they understand their rights like a consumer because this is required by law under the Credit Repair Businesses Act.

You should also explain what you can do and that which you cant because promising these that their credit statement will be clean as soon as you act on it doesn’t seem possible. All you can do is assist in improving their particular credit score.

Since you are in the business of making money, you have to be affected person when working with a client. You cant expect them to pay you up front. In fact, you’re not supposed to ask for money unless you are able to help them fix their problem.

A credit repair business or all kinds for that matter will have difficulties especially when you are in the beginning stages. Initially, some mistakes will be made nevertheless, you should not look at these as setbacks but a lesson discovered so you can offer much better services in the future.

Aside from making deals between the client and the creditor, it will also be good if you can offer top tips so they can save money and obtain out of debt. At the end, this is what your business is all about and when you help them, they are going to surely recommend other clients.

If it thus happens that starting a credit repair business is difficult, another option to help you get hanging around is to buy the business through someone else who is willing to relinquish it to you. Can this happen?

Yes because a few entrepreneurs may want a modification of their careers and wish to hand this off to someone who is just as established as them.

Comments: 25

  1. Bruna February 20, 2013 at 4:43 am Reply

    I am trying to raise my credit score quickly. Right now I am at 593-around 650 depending on agency. So, by paying off the 5 credit cards that I currently have(some with amounts ranging from 1,500-2,500), should that raise my credit score a great deal? If not, will a credit repair company help or are they just a scam?

  2. Clara April 30, 2013 at 2:56 pm Reply

    Needless to say I have terrible credit. I would like to improve it. How can I do that? Do credit repair companies actually work?

  3. Junita June 2, 2013 at 6:01 am Reply

    Do credit repair companies work? I want to build or buy a house for my family .This is no joke , I have seven kids . So it’s very important that I get a good P.M.I. and a good interest rate or I’ll never be able to afford it. I make about 60k a year , but one of kids had to have 5 brain surgeries right after she was born and this ruined my wife and my credit . Any suggestions would be appreciated. Please , serious stuff only.

  4. Noel June 17, 2013 at 4:30 pm Reply

    My credit is terrible! Id like to clear it up totally! Please direct me to a excellent credit repair company.

  5. Larry July 9, 2013 at 5:18 am Reply

    can someone please tell me a real credit repair company ,and how do o know if there real are fake ? i’m trying to repair my credit so i can buy my first home.

  6. Emeline August 18, 2013 at 11:11 am Reply

    I have heard about credit repair companies that can get negatives off your credit report but have heard that there are alot of frauds out there too. So has anyone actually tried one that works?

  7. Lance September 14, 2013 at 12:25 pm Reply

    can someone please tell me a real credit repair company ,and how do o know if there real are fake ? i’m trying to repair my credit so i can buy my first home.

  8. Ed September 30, 2013 at 3:11 pm Reply

    I am now debt free but have been told that I will now NOT have a credit rating for 6 years as my accounts were defaulted after taking assistance from a debt management company but then paid off by my family?
    1) Is this true?
    2) Can anything be done to improve my credit rating?
    3) What about these credit repair companies?
    Dare I ask about a mortgage??

  9. Ray November 19, 2013 at 5:21 pm Reply

    I want to repair my bad credit and have been doing some research on some of these credit repair companies. They all sound to good to be true! The majority of the items are old accounts, nothing major like a BK or Forclosure.
    Has anyone had any success with using a credit repair company?

  10. Hisako December 3, 2013 at 2:02 pm Reply

    what credit repair companies are not scams?

  11. Frances February 2, 2014 at 10:27 am Reply

    I have been denied credit from mortgage companies. I have spoke with someone about cleaning up my credit but this is such a lenthly and costly process……………..
    I need some suggestions

  12. Sallie February 22, 2014 at 4:21 am Reply

    I am looking for a strong effective established company with a good track record. my credit is not horrible but not great either. and there are so many to choose from. any ideas?

  13. Iliana March 5, 2014 at 9:53 am Reply

    I am in need of repairing my credit. Anyone knows a good company that can help me with this?

  14. Cole March 11, 2014 at 9:42 pm Reply

    I am 25 yrs old and need some helpful advice about credit repair. I heard there is people that can help with fixin your credit, some guy told me he knows someone that can help me but he charges 10% of what I owe. I don’t know if I should trust him. Is it possible that I can find help to pay off my debts with the help of someone. I know that I should pay my debts but I have some very high unpaid hospital bills that I am unable to pay and some other debts that affect my credit report. If anyone has any good advice or can refer me to some helpful links please let me know. I really appreciate anyone who took the time to give me their helpful tips.

  15. Rhett March 14, 2014 at 3:08 pm Reply

    Do credit repair companies really work. has anyone had sucess with them.. improving credit by say 100 points or more?

    anyone have any solid information
    thanks for the info..but im looking for someone that has actually used one of these oompanies..1st hand knowledge

  16. Laci March 22, 2014 at 2:29 pm Reply

    Can my credit be repaired, after a late mortgage payment?? Do those repair companies really work?

  17. Towanda March 27, 2014 at 7:45 am Reply

    Like the people on the internet that want to help dispute and repair your credit?

    I already tried disputing several things myself, went to and such and tried disputing things myself but it didnt work.

  18. Jeffry March 31, 2014 at 11:09 am Reply

    does anyone have any facts on these credit repair companies?can they really help to build your score legally?I filed bankruptcy in 2003 and need help getting some items off and build my score.

  19. Pricilla April 25, 2014 at 4:47 pm Reply

    I took out some student loans in 2005/6 Long story short, I did not agree with some of them and refused to pay. I am planning on getting a house in a couple years and obviously working on my credit is something I need to do. I work up in Alaska about 65 hours a week and dont have the energy to wrestle with these companies and try to get my bad reports erased or to maybe settle some of these debts. Is there a legit company out there that will do the sending of letters, calling, etc. to make that happen? Thank you for your time.

  20. Willard April 26, 2014 at 7:44 am Reply

    Im looking for a credit repair company to help repair my credit and raise my credit score. There are many companies online but I want to choose a reputable company and do not know how to make sure they are legitimately a good company. Any suggestions?

  21. Diane April 27, 2014 at 7:10 pm Reply

    There’s so many credit repair co. out there and I don’t know which have a good credentials or does it really work like they advertised?

  22. Kecia May 17, 2014 at 7:48 pm Reply

    I have bad credit and need help

  23. Jared May 18, 2014 at 1:50 am Reply

    has anyone heard of a credit repair company called third eye inc
    thanks np i tried third eye last month i just wanted to know if anyone has every used them before. i have had a lot of items deleted off of my credit report

  24. Leo June 12, 2014 at 4:25 pm Reply

    Hello all, I am getting married next year and me and my soon to be wife are looking to purchase a home next year at the beginning of the year. My credit score is not good, around 529. I have had a couple of bad things on my credit, I have paid some and I have to finish paying the others off, like or 7 bad things total. My fiance had absoltly no credit at all, We will have about 10K for downpayment and all. But a freind of mine told me about Academy credit repair, I have disputed on my own but have no luck with it. I have disputed, provided copies of payoff and all that, never can get it fixed. Do you recomend this company?
    Thank you
    I have treid to repair my credit on my own, somethings they say are acurate and do not take them off. I have tried this time and time agian, just does not work for me

  25. King June 12, 2014 at 4:25 pm Reply

    I really need a loan to pay off my bad debts, I my credit score is too low for that. I work long hours like 60 hrs a week plus I’m a single parent to a young child. I don’t have the time to devote to repair my credit on my own, I’ve tried and haven’t been successful. I need a credit repair company that can help me. Any suggestions before I apply for bankruptcy.
    Thank you Caren, for your good advice, but I had no choice then to move. I was about to be homeless.

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