Feb
26
2010
If You Are In The Credit Repair Business?
Posted by: Alan in Credit Repair, tags: Business, Credit, Repair
Hello i want to get involved please give me some insight as to how you stay up to date on how to repair credit , What kind of profit do you make per job on average and any pertinent information that i might need to get this business rolling. Thank you!!!!
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February 26th, 2010 at 8:45 pm
Where I work, we legally dispute negative marks from clients credit reports ( Experian, TransUnion and Experian). Our fees range from 299.00-999.00 with 299-599 for an individual account and 699-999 for a joint (hubby and wife) account. We dispute the negative items (write legal dispute letters) to the credit bureaus for the clients. Then with in 60 days, the credit bureaus mail the updated credit reports to our client and they forward them to us. These updates show the status of the items we disputed and come back DELETED. The client does NOT pay the bills that we are disputing. The clients sign contracts stating we work their case for a year. Once we get their updates back, we dispute more and the process is repeated.
So with the fees we charge, it pays for things such as:
Office supplies
Postage
Paper for contracts. receipts, etc
Our workers
Long distance phone calls (most of our clients are out of state from where we are).
There are A LOT of laws you have to know about credit, garnishment stats/non garnishment states, statue of limitations, etc.
You can buy your own franchise.
Visit http://www.crawg.com
or USE REF CODE 3979 !!!
http://www.pleasefixmycreditscore.com
We are NOT a debt consolidation company. That is a waste of money and is horrible for your credit.
February 26th, 2010 at 9:51 pm
A right business credit card is a line of credit that is taken in the name of the business, under the business’ credit. Activity, whether excellent or terrible, is reflected on your business’ credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business.But, some companies out there offer “business” credit cards which they require a person guarantee for. These institutions will often question for a personal guarantee, and will nearly always question for a social security number from the person applying for the card. If this is the case, the credit card is not a business credit card, but is simply a personal credit card which is used for the business. The business is not liable for bills and debts – you are.When applying for a credit card for your business, watch out for areas asking for your SSN (and not your TaxID or EIN) and be wary of any credit card that questions for a personal guarantee. By ensuring that your credit card is in the name of your business, you can help to build your business’ credit, while avoiding making problems with your own.
Many companies offer a list of credit cards that are issued under the business name only. Those lists typically run $300-$900, depending on the quality of the information inquiring. I would suggest starting your search online via google or yahoo. Search for “strong business credit” (just like that in quotes) to find services that sell the information.
Excellent luck,
Ilya Bodner
Small Business Owner
Initial Underwriting Group