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How to Know if a Credit Repair Specialist Certification is Right for Your Business

By: Daniel Rosen Last updated: September 8, 2023

How to Know if a Credit Repair Certification Is Right.jpegCredit repair certification is a small investment that can have big payoffs for your business in:

  • Conveying competence
  • Gaining client trust
  • Learning how to help others and build your own recurring revenue business

A successful credit repair professional can earn $10,000-20,000 a month or more with a successful operation (many even become millionaires!), but credit repair business owners are not the only ones who can benefit from a credit repair specialist certification. Many real estate agents, tax preparers, mortgage brokers, and other financial industry professionals find that improving their clients’ credit means more sales closed and higher client loyalty.

Of course, the credit repair business owners who are committed to making their business a long-term source of recurring revenue and a resource for their community will absolutely bolster their credibility in the field with a professional certification of their credit repair knowledge.

Answer these three key questions to see if a credit repair specialist certification is the right fit for you and your business.

1. Are You Excited to Help People Reach their Financial Goals?

You may be surprised at how many aspects of a person’s life are affected by a poor credit score, from getting a loan to buying a house--even paying a lower rate on a credit card.

If you work in any aspect of the financial sales industry, you have strong incentives to understand how credit repair works: closing your sales and getting referrals.

Many realtors or loan officers don’t want to take on clients with less-than-stellar credit because of the difficulty in closing the sale. In this financial climate, it is easy to fall into some credit card debt. Many folks want to improve credit and get a lower rate on their loan or find a way to buy a house, but feel stuck with the score they have. These folks are bounced around and end up at financial institutions that overcharge them with high rates and the cycle continues.

If helping clients achieve their financial goals is important to you, you many consider getting a credit repair specialist certification to learn the steps that will get your clients on a better financial path.

The bonus for you: if you help a client reach their financial goals through improved credit and buying a house or getting a better rate on their loan, they will jump at the chance to refer you to their network of family and friends.

Learn the basic principles and practices of credit repair

Take a personal certification course to learn the basic principles and practices of credit repair and help people help themselves.

    • Know what to dispute on a credit report
    • Learn the bureaus’ common stall tactics (for example: “Your letter sounded suspicious”)
    • Understand the important difference between a pay-per-delete and a recurring revenue business model

Stay in the loop with continuous credit repair training and tips for getting started in your own credit repair business:

2. Do You Have a Long-term Business Success Mindset?

Set your long-term goals

Where do you see yourself in a year? Five years? Are you running your own successful credit repair business, owning your time, and consistently delivering for your community? Are you closing escrows left and right because clients have better credit? What about family, community, and philanthropic goals?

Stop, close your eyes, and imagine what goals and values will guide you over the next year, two years, and five years - and how it feels to achieve them.

It’s important to have long-term business goals and get your mind set on success before you even begin (Entrepreneur magazine has a great article with a few tips for folks wanting to delve deeper into business goal setting, like how to balance optimism and realism).

So how will you make sure those important life goals happen for you and your loved ones?

After knowing your own goals, the next step in achieving them is to get clear on your clients’ hopes and dreams.

Understand your client’s long-term goals

Money is a sensitive topic and credit repair clients want to know you are on their side before they entrust a big financial decision to you. A professional certification is one way to show that you care about fixing a client’s credit, not just closing a deal.

Show clients you want to help them by providing value before you go in for the sale.

Help potential clients improve credit immediately:

    • Give them tips for building credit like not claiming bankruptcy and making rent payments in a timely manner
    • Show clients how paying credit cards below 25% of credit usage improves credit and other credit-boosting habits
    • Treat clients well and earn their favor with perks like an official (financially rewarding) referral program

A credit repair certification also helps you to feel confident in your early business decisions to set yourself up for long-term success.

How much financial success can I expect in a credit repair business?

3. Can You Learn from Example?

Maybe you like to learn on your own. You may be the kind of person who is in the habit of fixing things yourself and that kind of MacGyverism has served you so far. There is nothing wrong with trying something new and branching out on your own, but it’s important to take calculated risks that are likely to help you out in the long run.

Harvard Business Review presented a fail scale, ranging from deviance and inattention (blameworthy) to exploratory testing and hypothesis testing (educated guesses that are likely to improve your processes or give you valuable feedback). The important distinctions are that some mistakes are avoidable, while others are worthwhile to gain the necessary feedback.

Upfront investment versus small, long-term costs

Learning on your own can cost you more time and money in the long run. Here’s why:

  • If you make mistakes with clients who are already gun-shy with credit repair scams, you may scare them away, even if the mistake doesn’t do any damage
  • Being amazing up front ensures that clients trust you and will want to refer you to their network, leading to recurring revenue and an endless stream of sales
  • A credit repair certification can cost less than $100
    • This Forbes article presented an equation to determine if the ROI from your investment is worth the upfront costs
    • No matter which way you slice it, if you aren’t planning to make more than $100 by improving someone’s credit, you are probably in the wrong line of work

Helping someone to repair their credit can be incredibly simple to execute (if you know what you’re doing) and is extremely rewarding.

If you answered yes to all three questions, consider starting a professional certification course that can set you up for continued success and help you and your clients reach important goals.

Take this credit repair business training today!

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