Starting A Six Figure Credit Repair Business
Starting A Six Figure Credit Repair Business
Starting A Six Figure Credit Repair Business
My credit was not that good either. I got tired with it all so I decided to do something about it. I
wrote a book called “Hidden Credit Repair Secrets.” It was the number one book on Amazon for
SIX years in a row. It’s number six as of today. From there, people started asking me to fix their
credit, so I started a credit repair business, which I ran for over six years. This led to me coaching
new entrepreneurs who wanted to start their own credit repair business.
From there, I created Startup Credit Repair Business Training Center, Client Dispute Manager
Credit Repair Business Software, and Roadmap to Six Figures Credit Repair Marketing Event. So
you could say that I went from broke to wealthy in a short time, and now I want to help you do
just that for yourself with my step-by-step guide.
The blueprint below is laid out in steps that I followed when I started my credit repair business.
Just follow the steps and you too could be a success. Good luck on your journey to freedom and a
wealthy life.
Table of Contents
RUNNING A SIX FIGURE CREDIT REPAIR BUSINESS ................................................................... 5
You might be wondering: what is the best way for you to learn how to run your Credit Repair
business? The fact is that spending time in and on your business is the real key to success. Once
you are well equipped with the training, it will be easy to source for clients or customers and be
ready to start your business. Follow my proven step by step blueprint below and you should see
success.
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Step 3: Forming Your Business
What are the requirements in forming your business?
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Step 5: Legal and Business Startup
Once you start getting more clients, it is important to
get a legal protection against a lawsuit. It is also a good
practice to get E&O insurance and general liability
insurance. Check with a local insurance provider with
the best options for your personal situation and
location.
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Step 7: Compliance
Compliance means following all the rules and
regulation given by the State law and Federal law. You
also need to understand the CROA (Credit Repair
Organization Act), this will help you to understand what
you can and can’t do. Following the law allows you to
know what requirements you need, when to charge,
and the right way of advertising without accidentally
over-promising and by being truthful at all times.
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Step 9: Credit Repair Organization Act: Continues…
According to the “Credit Repair Organization Act,” files
should be kept for at least two years. Make sure to keep
client files in a safe and secure place, where no one can
easily get access to them. If you have your files on the
internet, make sure they are protected with a strong
password.
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Step 11: Business in Other States
How about acquiring customers from other states?
Most states require a security bond. I’m not sure if your
surety bond will cover other states. Consult with your
consumer rights attorney for the correct answer. Just
make sure you follow all of your state’s law
requirements. Always contact an attorney or seek
professional help at all times.
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Client Dispute Manager Credit Repair Business Software
Credit Repair Training, Business Training, Lead Generation and Software Training
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Step 13: Contracts Part 2
CROA requires Credit Repair companies to have clauses
in detail for the following:
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Step 15: Contracts Part 4
Provide your fee schedule based on the average
amount other credit repair companies are charging.
Your fee schedule should also be based on how long
you will be charging. These normally depend on your
state laws. Your contract should be eye-catching and
user-friendly, by adding images on each page.
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Step 17: Website
When choosing to create your website for your business,
the best practice is to build your website before starting
your business. Your website is your “storefront” for your
online business. This is where your customers will get
more information about you, your business, and what
your business has to offer. With this, you have built trust
and confidence in the minds of your customers. Make
your website eye-catching while keeping it professional.
You may have to look for a professional website builder
to design your website. And as always, ensure that it is
fully secured with an SSL certificate.
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Step 19: Merchant Account
In the credit repair industry, the best method of payment
is getting a merchant account. This helps you keep up
with the fast turn of technology. It is best to start
applying for a merchant account as soon as possible.
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Step 21: Pricing
Before you start your credit repair business, you will need
to choose a pricing method such as either a monthly
service fee or pay per deletion. Be sure to fully explain the
fees that you charge to your customers by providing
detailed education as to what services you will perform for
that amount. Explain your services and plan of actions by
providing a layout of the step by step procedures of how
you intend to do it. By explaining in detail what you are
charging and the services you will be providing for your
customers, you will cut down on miscommunication and
canceled contracts.
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Step 23: Software
Software is a powerful tool that will help you work easily
and put everything in automation. A software tools must
have the features needed to move your business
forward. For example, the Client Dispute Manager is a
business in a box software with all of the features that
you need to grow and run your business. Featurs such
as: Automation, Client nurturing, Credit report
automation, Check printing, Text messaging and Billing.
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Step 25: Qualifying the Customers
Before you sign a client, you should do a qualifying
interview with your potential customer. You will want to
check to make sure they can afford your services
before you sign them. You will also want to make sure
their credit qualifies for your services by ensuring that
they do have negative items you can work on. In your
interview, ask indirect questions to know your
customers’ expectations. You should have full control
over what their expectation is beforehand by giving
them the information they need regarding your
services.
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Client Dispute Manager Credit Repair Business Software
Credit Repair Training, Business Training, Lead Generation and Software Training
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Step 27: Qualifying the Customers 3
During the interview, verify if they can sign up for a
credit monitoring service as this will be your tool and
advantage in working with them. You may want to avoid
customers with large collections within the statute of
limitation as these customers may get sued eventually.
Lastly, understand their ultimate goal and what made
them decide to start working on their credit report.
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Step 29: Qualification Funnel
Funnel your future customers through their buyer’s
journey to becoming a signed client. Do an interview
following all the qualifying aspects and sign them to a
contract fitting their needs. Next, let them know the
price and the time that they will spend while in the
service. Explain the service to help them understand
what they are getting into. Educating your customer
can help take away the high expectations and will
decrease your canceled contracts.
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Step 31: Marketing Sales
You have to create time for marketing, sales, and
administration. To be successful in business, you have
to schedule a time for research and invest in learning
more about marketing, sales, and advertising. To
balance it up, you should also find time for billing and
administration. You have to organize all these together
in order to be successful.
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Step 33: Free Marketing Online
Use free online platforms, like social media, to your
advantage. Start creating blogs or share educational
information to build loyalty amongst your followers.
Once you have built their trust, then that would earn
you the rights to sell and market your service.
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Step 36: Email Marketing
Basically, your goal is to gather email addresses for your
future clients and affiliate who will help you find future
clients. Then start building a relationship through email
on autopilot. Use this strategy to keep in touch with your
clients by sending them consistent educational
information on how they can fix their credit. This will help
you keep them in the loop and up to date. This will also
build that trust factor mentioned in your online
marketing.
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Step 39: Back of the Business Card
Motivate your customer to contact you by exciting
them with promotional offers that you can place on
the back of your business card. Always have two
cards, one for the consumers and one professional
business card for your referral partners. Have
different promotional offers on the back of each of
them. Be sure your website is on all of your
business cards.
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Step 42: PowerPoint Presentation
PowerPoint presentations can make your life easy when
educating your customers through seminars, marketing
through online workshops, webinars, or even a one-on-
one consultation. Visual materials always help in
presenting your content. Make it concise and add
images that may cover the subjects you want to discuss.
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Client Dispute Manager Credit Repair Business Software
Credit Repair Training, Business Training, Lead Generation and Software Training
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Step 45: Advertising 3
Stay away from words like eliminate, reduce, wipe,
immediate results, and don’t promise a consumer that
he/she will become credit-worthier. These are
misleading words that you shouldn’t use during
advertising. Be compliant with the laws and be truthful
to build trust from customers.
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Step 48: Sales
Equip yourself on how to make sales by learning or
outsourcing. Know your clients by gathering
information. Listen and find out their issues and goals,
then base your presentation depending on their issues
and goals in life. This will help you close clients.
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Step 50: Sales Part 3
Why is marketing so important? Without marketing, you
won’t be running a business. This strategy will get you
customers. You must have an online presence by setting
up a website that has an email capture box. Invest in
mastering other marketing strategies to keep your
business running. Without continually bringing in new
customers, your business will not be sustainable for very
long. Online marketing provides a way for you to find
your next customers automatically even while you are
sleeping.
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Step 52: Affiliate
These are people that can send you customers. To get
an affiliate to organize an email campaign to build a
relationship, create an application and agreement with
the terms of payout. Make sure you train your affiliates
about your service and provide ideas on how to sell a
Credit Repair service. Explain your ideal client, so they
know who to refer you to, and to ensure that they are
sending you qualified leads.
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Step 54: Referral Source
Where to get leads? You can go to realtors. Get yourself
prepared with a presentation on what you can bring to
the table. Educate them about the services you provide.
Always choose the best time for meetings. Tuesdays to
Thursdays are the best.
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Step 57: Referral Source Part 4
Additional referral sources are consumer rights
attorneys, divorce attorneys, bankruptcy attorneys, and
mortgage and realtors associations. You can get into
their meetings and ask to be a guest speaker. Get into
action, and get more leads, by being resourceful.
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Step 60: Dealing with Difficult Clients
The first step is to get to the root cause of your
customer’s issue. And then you can address their
emotions through empathy, and take away their
unrealistic expectations by educating them on how you
will resolve their issue. Keeping in touch avoids
impatient and angry customers. Set up a way to get in
touch with them regularly to make them feel valued.
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Step 63: Prepare Your Mind
You have to be mentally prepared to run the business;
having a growth mindset will be a key factor to your
success. Motivate your mind constantly to stay on top
of this business. You need to have the drive, focus, and
discipline to face and handle any obstacle that may
arise. Feed your mind with motivational training by
reading books or other resources, such as podcasts, if
you are an auditory learner.
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Client Dispute Manager Credit Repair Business Software
Credit Repair Training, Business Training, Lead Generation and Software Training
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Step 66: Company Policies
To protect your investment and your business, you must
put in place company policies. Eventually, your business
will grow bigger, and you will be hiring employees to
help you. Having your processes documented now,
before you hire anyone, will make onboarding new
assistants much easier. Immediately, create an
employee agreement and hire skills, based on the
position that you are looking for. Spend time doing the
interview process to find the right employee.
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Step 68: Building Credibility
Certification is a plus as you go further into your
business. You can build your credibility, trust, and
loyalty simply by having your presence throughout the
internet. Authority is built using different platforms
and maintaining your branding. If you wish to get a
certification, you can go to FCRA Certification, All Regs,
and Certified credit consultant. Another option is to
write a book.
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Closing:
I’m so glad that you made it through all 70 steps to
starting and running a six figure credit repair business. It
may appear to be a lot of work to run a six figure credit
repair business, but it’s worth it because of the freedom it
gives you. If you want something, you have to work for it
because as you know in this world nothing is free. To truly
be successuful, you want to build your business one
customer at a time. Remember, the credit repair business
is a real business and not just a hobby. Good luck and if
you need to contact me, please do so at: 1-888-959-1462
or [email protected]
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