Credit Repair Business Opportunity

Over 80 million Americans are struggling with credit card debt

. Because of all the people suffering with debt, it opens the door to a repair business opportunity. Before a personal can declare Chapter 13 bankruptcy, a consumer must work with a credit repair business first and try and fix their current credit situation. Since people are now required to work with a credit repair business before they can meet with a bankruptcy judge, you can easily find a great credit repair business opportunity waiting in your midst.

Before you can start your own credit repair business, you must read up on your States regulations pertaining to this type of business. You will need to file for a state operating license, insurance, and certifications in order to run the business. A lot of people have created their own credit repair businesses at home while others prefer to open an actual facility. Since your customers can be found all over the United States, you can easily open the business from your own home as most of your business will deal with contacting lenders, email documents, faxing, etc.

You need to decide if you want to stick strictly to personal credit repair services or if you would like to also offer help for corporate credit. When you go one step further and start providing help to businesses, you are going to need to attend training seminars and other things. Dealing with corporate credit is completely different from dealing with personal credit.

To help you generate the right type of credit repair business, meet with your local universities or community colleges and find out if they offer community courses in finance and accounting. There are also internet training courses you can take that will help you learn more about the credit repair industry. You must become a certified member of the industry in order to start up your credit repair business. Then you need to start working on your fees and create a pricing guideline. The best way to do this is to contact a few other credit repair businesses and find out what their services and fees are.

Once you have all the legal documents ready and you have your website running, you can start advertising your business. Just make sure you run your business professionally even if it is out of your own home. Customers need to know they are working with a professional business and not a person in their basement.

by: Andy Kyle

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