Starting a Credit Repair Business,
The credit repair business is attractive because it builds a stable and even lucrative income. And with the growing number of bankruptcies and foreclosures, there are plenty of people looking for help.
There are also plenty of competitors, as credit repair is not regulated in the United States. There's also no wholesale market for business opportunities so you're on your own to find suppliers or distributors to purchase from - though this can be less difficult if you have contacts in the industry already.
Credit Repair Blogs provides tips on how to start a credit repair business from those who have experience starting a credit repairs company themselves: The ABC's Of Credit Repairing Businesses.
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The Purchasing Manager's Guide to Business Credit Repair is an excellent review of the basics to getting your credit repair business off the ground.
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If you are looking for advice on how to start a credit repair business, check out Brian Chappell's in-depth discussion of starting a credit repair business with tips on where to get funding, where and how to find debtors, how to attract potential customers into your business model. There are also many other tools and resources on his blog that one might find useful: Tips On Starting A Credit Repair Company.
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A credit repair business is not for everyone, but if you have the desire and the drive, running a credit repair company could be an excellent opportunity to help those in need. It can also be a profitable venture for your own future.
To learn more about starting your own business read this article by Gary Foreman in MSN Money: How To Start Your Own Business.
Credit Repair Articles from CreditRepairBloggers.com
To learn more about credit repair business opportunities check out the Credit Repair Bloggers site at CreditRepairBloggers.com, which features news, tips, and market research.
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I'm an independent consultant with a background in management consulting and a concentration in finance as well as several years of experience working in the credit industry. My goal is help people improve their financial lives through maximizing their credit score. I believe that everyone has the ability to maintain good credit by making wise financial decisions and taking advantage of opportunities you encounter on a daily basis.
My interest in credit repair was sparked after business school when I worked at a banking firm where I witnessed the effects of poor credit on everyday people in my community. Many of the clients that I met during this time were frustrated and overwhelmed with financial problems and suffered from low self-esteem because of it. With their low credit score, they had little opportunity to improve their economic status. Credit is a necessity for so many people – whether you're trying to buy a house, car or just pay for something as simple as a cell phone; having good credit can make any purchase seem easier. To ensure that you pay less for what you buy and get more out of life, it is critical to maintain good credit.
My goal is to help people improve their credit score and the financial lives of those who I speak to.
By: Jessica Pachter, Certified Credit Counselor
From time to time I get asked about a credit repair business. Usually it is someone else that I know and trust that is asking me this question, not because they are thinking about starting their own business but because they heard some information on the radio or read an article somewhere online or in a book. Typically the reason these people are asking me this question is because they want to know if their spouse, friend or another person close to them is considering starting one up. The truth is that it was a while back when people started asking me about starting their own credit repair business. When I started out in my career I was asked this question all the time and eventually, after having some solid training, I was able to get around to answering it. After having been asked this question so many times in the past, now I am able to pass along useful information and provide insight into what others can do who might be considering starting their own credit repair business.
First of all you need to know that there are no laws governing how long you can work at credit repairing. Some states have laws that govern the number of hours a person can work in relation to being an employee while others have no such regulations. To start your own credit repairing business you do not need to apply for a business lease, nor are there any taxes you will need to pay on it. Your employer will not be able to monitor it or find out what it is or how many hours you have worked and as such will not be able to discipline you for working too much. If you want to work more than 40 hours per week at credit repairing then you can because most of us do – but if you do make sure that your spouse is also working so that there is no long-term strain on your relationship with one another.
The main reason you might want to start your own credit repair business is because you have a real passion for it and you can't get enough of it. If you are like me, then I know that nothing in the world can stop you from doing it. To this day, with all of my responsibilities at home and at my job, I still find time to manage my credit repair business on top of everything else – and when I wake up in the morning I look forward to working on it. You should also know that you can go into it being very low cost. There are no overhead costs and you can make your money from the people you help, as opposed to a salary or hourly wage.
For me, I see credit repairing is not about making money but about helping others. I like to think that I have shaped my own life through helping others – thus I appreciate everything that has happened to me so far in this life and what needs to be done for the individuals who have helped shape my career.
Conclusion
Credit Repair Business Ideas can be a great way to make money and help others at the same time. Just remember that it is very crucial that you are able to maintain your secret so that no one finds out what you are doing. Another important factor about starting credit repairing business is that you need to be able to keep track of everything yourself as well. It's important not only for you but also for your clients if you want them to feel comfortable being in debt with you. The good thing about credit repairing business is that anyone can start one up with little or no experience in the field. You just need to know what things are needed and where they can be located.