Helping others fix their credit history and get a new head start in their life is rewarding in many senses. While it’s true that whatever you do could be done by the clients themselves, most people don’t want to deal with the aggravation of talking to the credit bureau to fight changes and correct mistakes. This is where you come in as a middle man.

Set up a Credit Repair Company in Five Easy Steps

Step1Get a copy of your own credit report to study. You are entitled to one free copy a year, and there are three major credit bureaus: Experian, Equifax and TransUnion.

Step2Learn as much as you can about the industry. You may be able to find free eBooks on the topic online or contact local banks for free workshops on how to repair credit. Also, consider talking to accountants and other experts that can guide you through the process as you start your business.

Step3Contact local credit bureaus and credit reporting agencies to learn how to request reports and access information.

Step4Understand your role in the process. Once you obtain the credit report, you can then work with the client to correct any mistakes, acting as the intermediate between them and the credit bureau.

Step5Consider a franchise. Companies such as Credit Repair Business offer you the chance to get started with no money down and receiving extras such as a laptop, a free website, a credit coach and clients (see Resources below). This is a good idea if you have no previous experience and want a guiding hand through the process.
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