The Z Reviews

The credit repair business will remain profitable regardless of the state of the economy. The current economic climate is a case in point – because during this time, when other businesses suffered, this was one which thrived. Credit is interwoven into the very fabric of our society.

About 78 percent of American citizens suffer from problem finances, which negatively affects their credit score and credit worthiness. Is it any wonder that the business of credit repair attracts people looking to start their own business?

However there are a great many other advantages than just that of high demand. Very little money is required to start, personal rewards are high, it’s an outstanding means to make money and marketing expenses are low to nil, as word-of-mouth recommendations are adequate.

OK, here’s the drill!

Step 1
Starting out, you’ll need to have your client procure copies of his credit reports (one from each of the major credit bureaus). Use any of the following links:  Call 877-322-8228 or visit AnnualCreditReport dot com. Alternatively search the Internet for “free credit report”; you’ll have thousands of choices.

This is critical to do, because in more than 90 percent of cases, a bad credit score is the result of erroneous entries in the report. As a credit repair business you will begin helping your client by correcting wrong information on his credit report.

Step 2
Go through the documents very carefully and identify all the information that is entered wrongly. Pay close attention to unpaid loans that might not be your client’s as this could indicate identity theft.  Often these will be in low to moderate amounts, the reasoning being that the thief has tried to avoid raising any red flags. Identity theft will almost invariably result in a bad credit score.

Step 3
Send dispute letters for the mistakes identified. If you find anything that points to identity theft, contact the police right away; doing so will help absolve your client, to a degree, from responsibility.

You credit repair business will prosper depending on how successful you are representing your client with the credit bureaus. Most clients come to a credit repair business because the whole process of fixing their credit seems daunting and intimidating. So if you wish to be in high demand you need to learn to put your client’s interest foremost. Believe me, paradoxical as it sounds, this is what will make your business a great success.

Step 4
Look out for specific credit repair software to help you save time and effort in your work. Work as efficiently as possible, as the more effectively you use your time, the more clients you can serve and the higher your profits will be. While use of the software is recommended, do not ever rely on it totally; when a judgment call is required, so is human intervention.

Step 5
Promote your credit repair business enthusiastically both on and offline. Distribute fliers, and offer quality freebies that introduce your business to potential clients – 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! You will be rewarded for your good work by floods of clients obtain through “word-of-mouth marketing” and you will have an unending chain of leads. To jump-start your business offer your services for a discounted price for a limited period; 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 money will follow. And finally, do not charge unaffordable fees, make unrealistic promises, or stray outside of what is legal, regardless of how tempting it may seem.