Does anyone know anything about starting your own credit repairing business?

Answer 1

It is easy to do. All you have to do is know the ins and outs of the Fair Credit Reporting Act which consists of 340 different laws. You need to have a license, insurance and a bond. Then you have to get around all the skepticism of people who think it is a scam or illegal.

Once you have developed all the applicable letters that you have to write to all the credit reporting agencies, and you will need at least 100 templates as a minimum, you have to go prospecting. You will have to contact everyone you can who has anything to do with lending money. Hopefully, if you can get enough of these lenders on board, they may be able to send you one or two customers per month.

Then you have to beg the customers for referrals.

The good news is that since the three REPUTABLE and legal companies in the United States charge as much as $1000 for their services, you have all kinds of room to charge more competitive rates and make very good money.

Or you can just go to work for one that exists already. I can provide you information on a company that is hiring.

Robert

Answer 2

I would steer clear of this. It is my understanding that you have to be set up as a non-profit which can raise a whole host of other issues.