Credit Repair Business Opportunities - Huge Profit Potential

Randy Wilson In the world today, many people are further in debt than they realize. When they finally come to understand they need help, they are on the brink of bankruptcy. However, President Bush’s signature on the new bankruptcy law has changed this option. He has created booming credit repair business opportunities.

This boom is the result of the new law requiring people to obtain consumer credit counseling before they are eligible to claim bankruptcy. Even when they can claim bankruptcy, it is now the Chapter 13 bankruptcy, which requires a payment plan be created by the bankruptcy judge and adhered to by the consumer.

This law opens the door for new Credit Repair Business Opportunities as your home based business. But before you start advertising, check with your local and State governments for any requirements you must consider, such as insurance for the company, licenses or certifications.

Check the local library or bookstore for books about the ins and outs of the credit repair business opportunities. These books will give you insight into the business, possible requirements you have to fulfill, and tips and business techniques to get your consumer credit counseling service started.

Some locations require you to attend training and become certified prior to opening your company. Check to books to look for internet and home study courses, or for professional credit consulting organizations that offer the certification. Become a member of at least one of the many organizations at the federal and State level, and possibly even the local level.

Being certified and a member of an industry association give you and your credit repair business creditability. Couple credibility with professionalism and your Credit Repair Business Opportunities business will have unlimited potential. This goal should be what you want to achieve with your business.

Now that you are certified and a member of an industry organization, you need to set feed, define services and market your credit consulting business. Call local credit repair businesses to get an idea of the services they offer and the fees associated with these services. Go through the information, decide on your fees and services, and get ready to advertise.

Create credit repair business flyers and business cards, either professionally or on your home computer. On the flyers, give a brief description about your services and contact information. Place these flyers everywhere possible. You may also want to place small ads for your services in local newspapers and periodicals.

Offer friends and family your credit card counseling services for free, and ask them for a letter of recommendation. This can help build your client base. Word of mouth is the best mode of advertising.

To get you credit repair business out into the community, you may want to consider giving credit card counseling seminars or classes to help people help themselves before they are too far in debt. Or you can give talks at high schools and colleges about ways to stay out of debt. The students will go home with the information you have given them, and a business card, and will tell their parents, who could be your next clients.

As a credit consultant, you want to build your business locally before growing it very bid or going to the internet. BY gaining credibility early, when you branch out, you will have experience and prior customer satisfaction to back you up.

Stay honest with your clients. You are providing them with a very important service. They need to trust you and your business. Give them the information they need and want. This will enhance your credibility and increase your credit repair business opportunities of the future.

© Copyright Randy Wilson, All Rights Reserved.

About the Author

Randy is owner of Profitable Home Businesses. Randy owned and operated a very successful storefront/mailorder business from 1988 to 2003. Currently full time owner/operator of several online businesses.