Starting a Credit repair Business

Starting a credit repair business is not as complicated or
expensive as you may think. First, you must research all
state and federal law governing the credit repair business
profession. Most states have few regulations because
federal law, namely the Credit Repair Organizations Act,
has strict congressional standards of practice for a credit
repair business. You will need a business license for the
county and city your business is located in. You will also
need business cards, which you can find for free at
www.vistaprint.com.

You will also need a smart advertising
plan, which will be your biggest expense. This business
can be done from home on a part time basis. All you need
is a computer. This saves the expense of office space.

Finding clients for your credit repair business is one of
the easier tasks. Friends, family and co-workers will be
your first source of clients. Real estate professionals
are also a big source of quality referrals. Realtors and
Mortgage Brokers come across lots of clients who have less
than perfect credit. These clients desperately want to buy
their own property, so they are great candidates for your
services. Car dealerships, and any other kind of business
that deals with financing can also be ideal sources of
referrals, but you must approach them in the correct
manner. This is something I learned the hard way.

Repairing a clients' credit is all about knowledge of the
laws and knowing how to deal with creditors, collection
agencies, and credit bureaus. The process of removing
negative and erroneous items from a credit report is a very
cut and dry process, but knowing how to correspond with the
credit bureaus is a very delicate process. You must know
exactly what you are doing, because a mistake during this
process can cause lots of damage to your client's credit
profile.

The billing process for a credit repair business is simple.
I charge my clients a set up fee of $99. I collect this
fee upfront, before any work is done. I also have each
client sign a 12 month contract at $30 per month. The
contract is worth $360, 12 months times $30 per month. I
sell this contract to a factoring company. They pay me 80%
of the contract, or $288 upfront, so I can keep a positive
cash flow for advertising and other expenses that come up.
The factoring company takes care of all the billing tasks.
The clients pay them directly. Awesome deal!!!!!!!

The credit repair business is booming. Learning how to
start a credit repair business has been a hot topic in many
online blogs and message boards. Starting a credit repair
business is a great way to go if you are looking to start a
successful business with a limited budget.

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Starting a credit repair businessis perfect for someone who
is having trouble finding the perfect home based business.
The concept has worked wonders for my family and I. The
most amazing thing about it is that it can be done on a
shoe string budget. My book, Credit Biz Today, is an
instructional manual for anyone who is looking to start a
credit repair business. Go to
http://www.creditbiztoday.com for more details.