When Errors Occur It is important to remember that the responsibility to check your credit reports for errors actually falls upon you personally. You need to develop the habit of checking all 3 of your credit reports from each bureau frequently in order to be sure that the information contained in your credit reports is accurate. Even errors which you believe may be insignificant should not be ignored as you do not know the true impact which those mistakes could be having upon your credit scores. For example, you might not think that it is a big deal that a negative account which is 6 years old shows up on your credit reports as a 1 year old account. However, the re-aging of your account could potentially harm your credit scores and could perhaps even cause the account to remain on your credit reports for longer than is legally allowable. Thankfully when credit reporting errors happen you do have the right to do something about them. The Fair Credit Reporting Act (FCRA) gives you the right, among many others, to dispute any inaccurate, questionable, or unverifiable information with the credit reporting agencies.
If you are not fully aware of your rights, do not know how to respond, or if you simply fail to follow up properly then you run the risk of wasting your time and seeing little to no positive results. Isn't the health of your credit just too important to turn yourself into your own guinea pig?
They also require certain terms be stated clearly in the contract to be presented to your customers. We provide contract sample blueprints upon which you can structure your credit repair business contracts. With this in your credit repair business arsenal, you don't have to build your contract from scratch with no idea of what it should look like in mind. DISCLAIMER: We are not attorneys, and the education we offer is not in any form a legal advice. Taking Payments and Pricing Models The importance of having a secure payment medium and a standard pricing model cannot be overstated. The purpose of going into any business is to make a profit; once this is not successfully achieved, the sole purpose of venturing into such business has been defeated. The client dispute manager software has been incorporated with resources containing well researched and reliable organization that can provide you with payment channels such as credit card, debit card, virtual checks and processing ACH transactions.
The Dispute Process The disputing of inaccuracies is the core function of every credit repair expert. If you want to make a huge profit in the business, you have to master the game and become an expert at it. Not knowing what items to dispute on a customer's credit report and how to dispute them might not just only prevent you from making a profit, it might cause you to lose a lot of clients and even money. It is quite imperative to dedicate much of your time as an aspiring credit repair expert to properly learning and understanding the disputing process. In the software, we have dedicated a segment under the dispute process section, where we have chronologically dissected in a step-wise manner, the intricacies involved in credit disputing and how to efficiently read a report. (All training are in video format). Website Setup Having a strong internet presence in the credit repair business is not an option, it is a necessity. This is like an online shop where you get to display your services for the world to see.
Not having a credit repair business website is like cutting the chances of the world knowing about you and your business short. Most credit business owner makes the grave mistake of taking this vital step last after getting all other products in place. This is the exact opposite of what should be done if you want to let the world out there know about your business and make some serious profits. In the section dedicated to website setup on the software, we have carefully explained how and why you should have your website setup first amongst all other things required. (All trainings are in video format). Credit Repair Business Training Building a successful credit repair business on your own is practically impossible. There are too many variables to take into consideration and aspect one needs to be mentored or gain experience before delving into this industry. We genuinely believe that every single video in the training video module of the software is the best the credit repair industry in the country has to offer, and this is nothing short of the truth.
All Training are Included in the Paid Membership Class 30 Email Tips for Running Your Credit Repair Business There is more to the credit repair business than that which meets the eye. Running a credit business requires both experience and a perfect understanding of all aspects of the craft. Anyone with prior encounter or experience with credit repairing can start a credit repair business; the hitch comes with being successful at it. This success can only be achieved through a seasoned understanding of all functioning aspect of the business. Over the course of this 30 days free class, we will teach you step-by-step all that it takes to start a credit repair business and be successful at it. An email containing training and tips for every necessary information you need to acquire will be sent to you daily, consistently ensuring your progress and development in the understanding of what the credit repair business requires. All this at a very comprehensible baby step pace (email training).
Of course although you have the right to dispute errors on your own, you are not required to try to resolve credit problems all by yourself. You also have the right to hire a credit professional to assist you with the credit repair process. The Benefits of Working with a Pro You never have to pay someone to work on your credit for you. If you ever come across a company which tries to convince you that you must pay money for someone to work on your credit that should be a giant red flag that you are probably dealing with a scam artist. As mentioned above you certainly have the right to try a DIY approach to credit repair if that is your wish. Yet keep in mind that although you do have the right to try to resolve your credit issues alone, that may not necessarily be the best choice available to you. After all, you also have the right to try repair your own vehicle, cut your own hair, or fix your own plumbing problems, but most people would choose to hire an experienced professional credit repair company to assist with some or all of these tasks.
If you have an account, you will be able to automate your payment right through the software. Client Management Client management should be taken seriously by any company who wants to build a customer base large enough to keep them in constant profit. Every company should strive to find, nurture and retain customers. The larger your customer base, the larger your profit. Client management entails keeping your customers in the loop, constantly educating them on the state of their credit report and keeping them updated on any improvement in their credit scores. Client management is necessary to make your customers know youconstantly have them in mind and you're relentlessly working to correct all the inaccuracies on their credit report. This simple action will affect a long time relationship between you and your customers. There are video training in the software that will teach you strategies on how to nurture your client and keep them loyal to your company. FICO Scores and Rebuilding Credit Make your company indispensable to your client by offering them a holistic service not only in the correction of inaccurate information on their credit score but also educating them on how to raise their credit score, rebuild their credits and also prevent future occurrences of negative items on their credit report.
A common question asked is whether professional credit repair is more worth it than DIY credit repair. Many people do it themselves, whereas others call a professional. Credit reporting errors happen and they occur probably a lot more often than you think. The Federal Trade Commission even conducted a study a few years ago which found the existence of over 40 million mistakes on the credit reports of American consumers. Yes, that number was 40 million and no, that is not a typo. In fact many studies estimate that the number of errors found on credit reports is actually much higher. In a perfect world you should be able to expect the information contained in your credit reports to be accurate. After all, your credit reports and the credit scores which are generated from those reports can exert a lot of power and influence over your financial life. Unfortunately, as studies have shown, credit reporting errors are simply a fact of life and those mistakes have the potential to damage your credit scores.