Credit Repair Business - Earn Big While Helping Others
The credit repair business is one business that can always make a profit for you. The current economic climate is a case in point - while many other businesses have been struggling, the credit repair business has been more successful than ever. Credit is a major concern of people all over the world.
Roughly three quarters of Americans struggle with their finances, which directly impacts their credit score and report. Should it surprise anyone that the credit repair business is one of the top choices for home business enthusiasts?
However there are a great many other advantages than just that of high demand. It requires little or no capital, it rewards one with personal satisfaction, it's an excellent way to make money and word-of-mouth recommendation is often all that is needed in the way of marketing. All right then, moving ahead!
Step 1
Get hold of credit reports for your client (from each of the three major bureaus). Do one of the following: Call 877-322-8228 or visit http://www.annualcreditreport.com/. Alternatively search the Internet for "free credit report"; you'll have thousands of choices. This is the most important step, 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 should know how to instruct your client to get these free reports, and know how to read them.
Step 2
Go through the documents very carefully and identify all the information that is entered wrongly. First look carefully for signs of possible identity theft; this could be any accounts that may not be your clients, particularly loans that have been unpaid.
The thief may try to avoid raising suspicion by taking out loans in small to moderate amounts. While the thieves make money, the victim is left with negative entries and a bad credit score.
Step 3
Dispute mistakes by mailing the credit bureaus asking that the errors be corrected. In the case that you have detected possible identity theft, report the matter to the police; 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 hire a credit repair business because the whole process of fixing their credit seems daunting and intimidating. And so if you want to have lots of clients seeking your services the interest of your clients must always be your first priority. Failure to do so is likely to result in the failure of your business.
Step 4
Find a good credit repair software so you can simplify the process as much as possible. Work smartly, as this will bring in more business and therefore you will earn higher profits. 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 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. You'll have no trouble making money if you remember to put your clients needs ahead of everything else.
Start out by helping out family and friends, and do your best to do an exceptional job! Your good work will be rewarded by word-of-mouth promotion and endless leads. To get your business rolling right off the bat offer your services for a discounted price for a limited period; and make sure your to give your best effort, so those that take you up on your offer will send you more business through referrals. Some important points: The best way to make money is by ensuring that your client is happy. The profits will come. And lastly, charge affordable fees, make promises on which you cannot deliver, or stray outside of what is legal, since to do so spells disaster.
Roughly three quarters of Americans struggle with their finances, which directly impacts their credit score and report. Should it surprise anyone that the credit repair business is one of the top choices for home business enthusiasts?
However there are a great many other advantages than just that of high demand. It requires little or no capital, it rewards one with personal satisfaction, it's an excellent way to make money and word-of-mouth recommendation is often all that is needed in the way of marketing. All right then, moving ahead!
Step 1
Get hold of credit reports for your client (from each of the three major bureaus). Do one of the following: Call 877-322-8228 or visit http://www.annualcreditreport.com/. Alternatively search the Internet for "free credit report"; you'll have thousands of choices. This is the most important step, 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 should know how to instruct your client to get these free reports, and know how to read them.
Step 2
Go through the documents very carefully and identify all the information that is entered wrongly. First look carefully for signs of possible identity theft; this could be any accounts that may not be your clients, particularly loans that have been unpaid.
The thief may try to avoid raising suspicion by taking out loans in small to moderate amounts. While the thieves make money, the victim is left with negative entries and a bad credit score.
Step 3
Dispute mistakes by mailing the credit bureaus asking that the errors be corrected. In the case that you have detected possible identity theft, report the matter to the police; 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 hire a credit repair business because the whole process of fixing their credit seems daunting and intimidating. And so if you want to have lots of clients seeking your services the interest of your clients must always be your first priority. Failure to do so is likely to result in the failure of your business.
Step 4
Find a good credit repair software so you can simplify the process as much as possible. Work smartly, as this will bring in more business and therefore you will earn higher profits. 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 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. You'll have no trouble making money if you remember to put your clients needs ahead of everything else.
Start out by helping out family and friends, and do your best to do an exceptional job! Your good work will be rewarded by word-of-mouth promotion and endless leads. To get your business rolling right off the bat offer your services for a discounted price for a limited period; and make sure your to give your best effort, so those that take you up on your offer will send you more business through referrals. Some important points: The best way to make money is by ensuring that your client is happy. The profits will come. And lastly, charge affordable fees, make promises on which you cannot deliver, or stray outside of what is legal, since to do so spells disaster.
posted by Money Meister at 11:20 AM
0 Comments:
Post a Comment
<< Home