Credit Repair Cloud Blog | How to Start a Credit Repair Business

Who Is Your Ideal Credit Repair Client?

Written by Daniel Rosen | April 27, 2021

As you grow your credit repair business from the ground up and start changing more lives, one thing you’ll ask yourself is …

“Should I take on EVERY potential client who lands in my Credit Repair Cloud?”

It’s a super SMART question because when you know what to look for in a client, you’ll save a whole lotta time and can focus on changing a whole lotta lives! 

In this article, I’ll walk you through 4 simple ways to identify your ideal client and what kind of credit report items are the best fit for your services. 

To get great RESULTS in credit repair, look for errors!

 


In general, if you want to increase your chances of CHANGING A LIFE, your new client’s credit report would show these kinds of items:  

  • inaccuracies 
  • outdated information
  • conflicting personal information
  • inflated balances, duplicates
  • mixed credit files
  • or identity theft 

But what do you do if you get a new lead, but you aren’t really sure if the credit report is showing errors?

No worries! 

The Fair Credit Reporting Act gives anyone the LEGAL RIGHT to dispute anything they feel is incorrect or even questionable … and if an item can’t be verified, IT MUST BE DELETED!

So, when a new potential client calls you for help, here are some signs to watch out for, so you can make the most of your time and set the right expectations, right outta the gate!

4 Signs You’ve Found Your IDEAL Credit Repair Client

1. Inaccuracies and Errors

Remember – as a credit repair professional, getting RESULTS involves removing inaccurate information. 

That’s why, in credit repair, the law is your friend! 

So, finding inaccuracies and errors on a lead’s credit report is a good sign for you! 

2. Older Debts Are Easier To Invalidate

The older the debt, the harder it is for debt collectors to validate!

Why is that?

It’s easier to validate current or recent debts because debt collectors are only required to produce limited information. 

But as debts age, more and more records are lost as accounts are sold and resold.

This means that fresh debts may be very difficult to remove, another thing to look for in your client’s credit report.

3. Duplicates and Triplicates 

If you pull a credit report and notice a bunch of 

  • duplicate collections
  • charge-offs
  • or public records

It’s a POSITIVE sign that you can make a big difference and get results for this potential client. 


4. Anyone Who IS NOT in the Process of Bankruptcy

Setting the right expectations helps your business reputation as your business grows ... 

So if you meet someone who’s going through a bankruptcy, let them know it’ll be 6-12 months after the process ends before you can help!

Any chance of success will only happen then.

Credit repair takes patience and understanding!

Now that you know the 4 signs you’ve found your ideal clients, if the new lead does NOT fit into any of these signs, make sure to set realistic expectations… and choose to work with people who understand the process takes time, and are willing to listen to your guidance. 

When you set realistic expectations and your potential client understands and agrees with those, you have the opportunity to build your business reputation and change another life! 


Have you heard the buzz about the Credit Hero Challenge?

If you don’t have a Credit Repair Cloud account, sign up for a free 30 day trial at www.creditrepaircloud.com/freetrial

And I want to invite you to join our upcoming Credit Hero Challenge. During this couple-week challenge, I’ll hold you by the hand and take you to step by step as you launch your very own credit repair business! 

It’s a highly interactive program with LIVE coaching calls, daily mentorship, and a ton of action steps, bonuses, and you even get certified in three different areas! 

So go check it out at creditherochallenge.com today!


 

 

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