Starting a credit repair business can be extremely costly to set up. Just think about it, you have federal and state requirements as well daily, weekly, and monthly operating costs. So finding a good low startup cost credit repair business can be like finding a needle in a haystack.
With so many options available it can really be confusing to the average person unless you’re someone just looking to turn a profit. Doing business the right way, legally, and really helping people with bad credit is the only way to be successful long term in this industry.
You can go with one of the many software programs that are out there, do your own marketing, try to find some clients and hope everything works out OK so that you don’t have a client filing a complaint against you at the end of the day.
Or you can go bigger and invest a ton of your own money or get a small business loan, apply for licenses, find a brick and mortar, hiring customer support, set up a marketing department to handle website development and additional marketing pieces, hire a payroll service…doesn’t sound so easy anymore.
Another option is finding a reputable company that offers a turnkey or franchise-like opportunity. One that operates legally in multiple states, has all the necessary departments in place to run the business. Customer support, websites and marketing platform, compliance department, payroll and accounting, attractive compensation package.
Seem like a dream right? Well, guess what, it’s not a dream you can have all of these at a very affordable cost, and be in profit almost immediately!
So finding a good low startup cost credit repair business is possible, but there are only a few options.