What is a credit repair business?

[francis]

Hi everyone, I have been thinking of getting involved in a credit repair business but have some doubts on getting started as I don’t have a lead on that. I have consulted some of my friends and they have given me some suggestions to get started but I want to get more ideas on this. If you people have some knowledge on this, please let me know.

Thanks in advance!!!

[David Sandusky]

Probably most common for personal credit, these companies would have debt management counselors, attorneys and software to help identify FICO scores and strategies to improve credit situations.

[Iean]

If you want to own a credit repair business then you will, be giving people advice on how to make their credit better. You always need to make sure that you give good advice as the people that are asking for your help may well be in a very bad position. Often they will be trying to repair their credit so that they can apply for a loan on a car or a house. A lot of Landlords will also not rent to anybody that has bad credit. So you need to be both helpful and efficient so that they can get the best from you. If you do well for them then they may well recommend you to others that are having problems with their credit history and this can be a good way to build up your business.