This year at the Credit Expo, attendees raised almost $40,000 to help people experiencing homelessness get off the streets and into jobs through Chrysalis. The LA-based nonprofit Chrysalis provides job coaching, resume development, and interview training to help people transition into a better life.
Fundraising during the Credit Expo got prospective and current credit heroes inspired, excited, and ready to give back. But grizzled veterans in the credit repair space were not new to this community-centric mission. The desire to help people, whether at the Credit Expo or outside of it, was a big part of what drew many of them to credit repair as a business opportunity. Many of them have made it a part of their business mission.
1. Raise Money for Charity and/or Volunteer
You might be surprised to know that a few of our Millionaires Club Members, and even Credit Repair Cloud’s founder Daniel Rosen, have experienced homelessness, which makes charities like Chrysalis even more important to the Credit Repair Cloud team. But you can choose to support any cause you’re passionate about.
Raising money for a charity is a great way to encourage team building and bring people together for a good cause. Here are some ideas for making giving back an ingrained part of your credit repair business operations:
- Get everyone involved by organizing a volunteer event with your affiliates, partners, and administrative team
- Make fundraising an annual event, such as a yearly summer charity drive or holiday fundraising campaign
- Make it fun by creating a contest in which teams or individuals compete for who raises the most money
Making fundraising and volunteering an integral part of your credit repair business is good for everyone. By volunteering, you're not only showing your fearless dedication to helping others, but you're giving your team the opportunity to pay it forward and help your community even more.
2. Give Free Credit Education
Credit education is the key to ending the destructive credit-debt cycle that affects so many Americans. Providing free credit education arms people with financial know-how and empowers them to keep working towards a debt-free life. And, it’s a great way to give back to your community! Here's how you can do it:
- Learn from the experience of experts and take advantage of Credit Repair Cloud’s online resources. For example, here are four important lessons you can teach your community about credit repair.
- Choose a location for your talk based on your niche audience. Possible ideas include mortgage lending offices, auto dealerships, real estate companies, police stations, or public libraries.
- Educate people on the benefits of credit repair without being "salesy". Teach your community about the basics of financial literacy. Help them understand how credit repair can get them back on track, and how they can break the vicious cycle of debt once and for all.
If you need inspiration, just look at Credit Repair Cloud success stories like Andre Coakley, Jose Rodriguez, and Derrick Harper, who speak about credit scores at high schools, prisons, and churches. Other great entrepreneurs are focusing on education too – Will Smith recently invested in Step, a mobile banking app for teens which also teaches financial responsibility in the cashless era.
If you own a credit repair business, giving free credit education connects you with potential customers and keeps you in tune with the greater mission of helping people – your “why” behind running a credit repair company.
3. Give a Second Chance
Bad credit can affect anyone. Life events like divorce, bankruptcy, or bad luck can land someone in a bad financial situation and struggling to secure stable housing or a fair interest rate. Those high-interest credit cards take longer to pay off, lack of transportation makes it harder to get a job...and the vicious cycle begins.
But everyone deserves a second chance, and credit repair specialists have tools to help make that happen:
- Send dispute letters on clients’ behalf to help them get damaging errors removed from their credit report
- Use hardship letters to help victims of a natural disaster protect their credit
- Structure your business model in a way that makes your services accessible to as many people as possible
Those who are bordering on poverty or homelessness are the ones who need credit repair the most. They’re the ones who, with a little help, might be able to turn their life around. Credit repair helps give people their financial power back – allowing them to do things like get approved for a car loan or an apartment.
Your credit repair company is more than just a business opportunity, it’s a chance to make an impact on members of your community, so they can move forward in life.
Are you ready for a career where you can make a positive impact on your community? Read our Millionaires Club Success Stories to see how you could make a million while making a difference.