Super Fitness Health BlogCredit Repair Business – Rewarding and Profitable
The credit repair business is one business that can always make a profit for you. The current economic climate is a case in point – during this recession, while many other businesses have struggled to survive, the credit repair business has thrived. Credit in our society has become a near necessity for existence.
Roughly three quarters of Americans have financial problems, that causes their credit standing to suffer. Given that fact it should come as no surprise that the credit repair business is so popular with entrepreneurs.
There are more advantages to this business other than being always in demand for repairing bad credit. One can start on a shoestring, it offers great personal satisfaction, it’s a great way to make money and often needs little more than word-of-mouth recommendations.
OK, let’s move ahead!
Step 1
To start with you need to get copies of your client’s 3 credit reports. Do one of the following: Visit AnnualCreditReport dot com or call 877-322-8228. Alternatively search the Internet for “free credit report”; you’ll have thousands of choices.
Make sure you don’t skip this step, since as many as a whopping 90 percent of credit reports have errors. These errors are the reason, in many cases, that people cannot get credit. As a credit repair business you’ll help your client by disputing information on your clients report that you believe may be erroneous.
Step 2
Examine the credit report diligently for mistakes. Be on the lookout for unpaid loans your client believes may not be his. This should be a red flag alerting you to possible identity theft. The thief may try to avoid raising suspicion by taking out loans in small to moderate amounts. Identity theft will almost invariably result in a bad credit score.
Step 3
Contact the credit bureaus; mail each one a letter detailing the mistakes you have found an asking that they be corrected. If identity theft is expected, contact the police right away; doing so will help absolve your client, to a degree, from responsibility.
You credit repair business will prosper based on your success as an intermediary between the bureaus and your client. Most people seek a credit repair business because they feel intimidated by the process of fixing their credit. Therefore, in order to be sought after you must make your number one priority to act in the best interest of your clients. Make no mistake; this is THE key to the success of your business.
Step 4
Locate a state-of-the-art credit repair software so you can use your time more effectively. Work smartly, as this will bring in more business and therefore you will earn higher profits. However, do not rely on your software alone; you must utilize your software speed, but at the same time only a human being can make good judgment calls.
Step 5
Promote your credit repair business actively both online and offline. Offer freebies to potential clients, as a means of generating interest in your business – such as counseling, consultations, free credit report assessment, high quality information, and the like. It’s not difficult to establish your credit repair business and make money, provided you keep the interest of your client as the most important aspect of the business.
A good way to start is by helping people you already know. And make sure you do the best job possible for them! Your satisfied clients will recommend you to others, bringing you floods of clients and you will have an unending chain of leads. To jump-start your business offer a discount for a limited time; ensure that you do an outstanding job for those who opted for the introductory offer.
It bears repeating that your business will be the most profitable if you do all you can to make sure your clients are happy. The success of your business will fall into place. And lastly, charge affordable fees, make outlandish promises, or step outside the law, regardless of how tempting it may seem.
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