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COVID19 and Its Impact on the Credit Repair Industry

By: Daniel Rosen August 10, 2020

**This was sent as an internal newsletter to our Credit Repair Cloud users in August, 2020 and made public thereafter.**

Did you hear that BOOM?... 

That’s the sound of credit repair’s massive demand ramping up like NEVER BEFORE!

Now is the tipping point. If you’re dabbling, it’s time to go all in!

  • Mortgage rates are historically low causing more people to want to purchase or refinance their home.
  • The general public’s stigma of home-based businesses has been replaced by an appreciation like never before - changing the way business is done for the rest of time.
  • Covid19 has shaken the consumer credit world and shows no signs of stopping.

Are you ready?

I hope so, because if you’re not set up for the surge of clients looking for credit repair services - someone else is… so GET. READY.

Corey is talking ALL about Covid19 and The Impact on Consumer Credit in his tip of the month, so I’m gonna pass it over to him for the nitty gritty of what you need to know. 

CRC ROUNDUP: Your Go-To Guide For All Credit Repair Cloud News… So You Don’t Miss Out!

Are You a Doer? Or a Dabbler??

Here’s Your Opportunity To Find Out…

How many things have you tried without succeeding because you never felt like you really knew how to do it and you didn’t have a mentor to show you the way?

What would an extra few hundred dollars a month do for you?... Let’s say - next month? 

  • How would that help carry the load of stress you’re feeling right now? 
  • How would that impact your family’s life? 
  • What freedoms would you have with even just another $200-$300 RECURRING REVENUE by this time next month?

It could be life changing … right??!

It was for these Credit Hero Challenge alumni! credit hero challenge

credit hero challengecredit hero challenge

Are YOU ready for the opportunity to be overwhelmed with clients in a matter of WEEKS, like they were?

Join the DOERS ⇒ sign up TODAY 

Can’t Stop! Won’t Stop!
Credit Repair Cloud Facebook Community Highlights

Our Credit Repair Cloud Facebook community grew to OVER 11,000 users! 

  • You wanna know what our Millionaires Club Members think? What they’re up to? What they’re involved in? They’re in the community! Log on and find out!
  • Wanna network with like minded Credit Heroes dealing with the same struggles you’re experiencing? Log on and connect!
  • Curious to see one step ahead and know what’s coming? I go LIVE every week to give you an insider look at what I’m doing and what you can expect! Log on and join me!

… And did I mention - it’s ABSOLUTELY FREE if you’ve purchased one of our courses or are a Credit Repair Cloud user? 

Plus - you get to be inspired by people like Scott Shaff who officially broke through to over $50,000 MONTHLY recurring revenue! 

Check out his post in the community. It was just too good not to share!

Credit Repair Business SECRETS Podcast


What’s the difference between you and let’s say… Derrick Harper or any one of the top 1% Credit Repair Cloud revenue earners? 

You’ll never know if you don’t listen! Subscribe today so you don’t miss out on ANY episodes!

Have you heard of the “Magic 609 Dispute Letter” guaranteed to erase any negative remarks on your credit score? Did you know if you wear red socks when you send in your letter, you have a better chance of getting an item removed? Oh! And don’t forget to write your letters in all different fonts so the credit bureaus don’t throw them out!

And one last thing… NONE OF THAT IS TRUE!

In this episode, I expose the truth about what works and what doesn’t so you’re never duped again!YTThumbnailCRC1.4-1

Does the idea of going to battle with the credit bureaus and disputing items on your client’s credit report scare you? Credit disputing is all based on the fact that it’s your right or your clients’ right to repair their credit, and to delete inaccurate, incomplete, and outdated negative credit history. Even accurate items can often be removed! In this episode, I’m taking the overwhelm out of the disputing process and simplifying it, so it’s easy to do even for beginners! EmailGraphicCRC2-1

My guest on this episode is Alicia Ault, a certified credit counselor from Ohio with 16 years of experience. Alicia helps hundreds of clients while having a quarter-million-dollar run-rate with her business, Platinum Credit. The most incredible part??... She grew her entire business with absolutely no advertisement, just by building relationships!
Alicia Ault Podcast_Email-1

Be sure to subscribe on your favorite platform below!

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We Launched Something New and AMAZING!!

Credit Repair Cloud’s Secret Weapon is now available for YOU too!

I dare you NOT to finish these sentences… come on… it’ll be fun! 

Gimme a break… gimme a break… break me off a piece of that…

Wait! Okay… let’s do another one…

M&Ms – Melts in Your Mouth, Not in Your …

Okay… okay… one more (told you this was gonna be fun!)...

Burger King - Have it Your…

Ah, Ha! You couldn’t stop yourself, could you?! You finished each one of those! 

And do you know WHY???...


Branding makes those companies sticky in your mind! 

How would you like to get stuck in your target customers’ mind too? 

Well, last month, our secret weapon - CRC’s Visual Designer, Ashley, launched a BRANDING COURSE just for you!

Check it out!

Screenshot 2020-08-04 at 16.00.09Screenshot 2020-08-04 at 16.02.24

More GENIUSES Joined Our Dream Team!
Join me in a HUGE welcome to our new team members!

You know, it was just a couple decades ago my whole team was just one sad guy in his underpants, stuck in his room with his computer, pretending to be different team members! (... no, that guy wasn’t Corey! Keenan? No! Not Keenan...  It was me! I was the sad little guy)! 

But now look at us! I’m out of my room - fully clothed and our team is GLOBAL!

US Team - Noel and Patrick (Customer Experience Champions)

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India Team - Jitendra and Sai Prasanna (Senior PHP Developers)

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Corey's tip of the month:

tip of the month

Covid 19 & The Impact on Consumer Credit 

The need for Credit Heroes has never been more apparent than this very moment in time. Covid 19 has hit the US and global economy like a Mike Tyson knockout punch and its impact isn’t showing any signs of getting better anytime soon. To say there is a demand for professional credit repair services is a massive understatement. People need your help and they need it now!  

But how exactly has Covid affected consumer credit? 

  1. Kids are out of school, so their parents can’t work or pay their bills. 
  2. Businesses cant stay open, so unemployment is soaring and causing a tidal wave of defaulted accounts.
  3. Interest rates are increasing and credit card delinquencies are expected to mimic the great recession.
  4. Auto loan losses are historically high and subprime loans are defaulting at a much faster pace.

While all of this is a recipe for the perfect financial storm, what has the Federal government done to prevent millions of Americans from these threats? 

They responded by dumping trillions of dollars on the problem through a stimulus package. Part of the original package included a 4 month moratorium on credit reporting. It may have helped protect millions of consumers by blocking negative credit while we weathered the storm, but financial lobbyists convinced legislators to remove it from the stimulus bill.  

There were a few protections that made it into the stimulus package that helped provide some relief. Aside from the stimulus payments, home loans which were federally backed could not be foreclosed on for 60 days and could receive 180 day forbearance. If you were granted this you wouldn't have to pay on the loan for 6 months, couldn’t be charged fees, interest or fines and could also request an additional 6 months. Also, renters were granted a 4 month moratorium on being evicted. Other than that, the credit bureaus have “promised” to mark any late payments or delinquencies with a special code that lets lenders know the delinquency was made during a disaster. 

So, when all is said and done - there are going to be a lot of people with a lot of credit problems that need your help! Consumer credit reports and scores will play an important role in the national recovery in the coming years. It is up to you, our Credit Heroes who are on the front lines fighting to fix this mess and get the country back on track.

That’s it for this month’s update.

I can't wait to talk to you again next month! 


If you’re not a Credit Repair Cloud user yet, you can still get started for $0! All you need to do is start your 30-day trial hereand you can import reports, create dispute letters for your clients (AND MORE) for FREE during your trial!


Daniel Rosen

PS: - Don’t forget, keep changing lives!


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