Credit Repair Business Plan

Credit Repair Business Plan




Here’s the executive summary of a Credit Repair Business Plan:

  • a description of your company, including your products and/or sets
  • your mission statement
  • your business’s management
  • the market and your customer
  • marketing and sales
  • your competition
  • your business’s operations
  • financial projections and plans

For someone looking for a credit repair business plan, a simple description might be “Ace Credit restoration provides credit restoration sets to help consumers reach good credit and consequently have more attractive financing options. The company provides credit repair on a fee-for-service form charging $800 to $2000 per client and reaches new clients via relationships by credit-dependent professionals (real estate, car dealers, etc.), financial professionals (tax, insurance, financal planners), consumer direct marketing (internet, radio, tv, postcards), and past-client referral cultivation.

Any business plan should then talk about management, which refers to your experience. If you have experience managing a team, attention to detail, and/or financial experience, this is applicable and should be included.

When writing about your client, the consumer, you’ll find there are about 70 to 80 million americans with bad credit, many millions of whom will need to finance a home or car or other buy and will consequently be interested in purchasing credit repair sets. While some people do attempt credit repair on their own, credit is becoming increasingly complicate and important. Fewer people succeed or event attempt it, and like dealing with plumbing or auto repairs, most are willing to pay a specialized to get it done right.

Next, you should include a specific marketing breakdown. We have found that at first, referral relationships are a great place to start. By offering “credit repair seminars” or “lunch and learn” events to local real estate agents or car dealers, you can quickly position yourself as an expert, develop referral supplies, and help them sell more homes or cars. As your business grows, you’ll want to branch out into mass media, internet marketing to increase your visibility and extent up your operations.

The next section generally will cover competition, which of course varies by market. Currently, the credit repair business is nevertheless open and largely pushed on referrals at time of need, meaning people often get their credit restored when preparing to buy a home or car, or after being declined for some kind of financing (i.e. a credit card at better terms than they have presently). Longer term, the internet is a enormous source of business that nevertheless has substantial opportunity. One nevertheless largely untapped area needing someone to execute their credit repair business plan is in the area of social marketing (i.e. Facebook) and joint ventures with point-of-need media i.e. a referral relationship with leading real estate websites, car dealer websites, etc. who depend on attractive financing.

Next, your plan should cover operations. You can run a credit repair home based business, or you can use office space. One under-used idea is renting a desk inside a busy real estate office. This can provide more than just a specialized meeting place, but the closeness of agents who depend on their clients having good financing will virtually guarantee some clients are delivered to you. This can also help embed your credit repair business into the local ecosystem of possible referring businesses such as mortgage, insurance, and financial professionals. Most real estate offices would be open to renting a desk or office within or nearby the facility. Another option for your credit repair business plan is to run a home based credit repair business, but have a set schedule at local real estate offices or car dealers to review any new files and answer questions the agents or dealers might have.

Financial projections and plans in your credit repair business plan should address startup costs and revenue, and possibly already exit such as sale of the company. Since there are systems that provide more than just software, but complete turn-meaningful systems (similar to a franchise) including training to make you the expert, unlimited paralegal sustain, annual conferences, marketing sustain, legal sustain, and much more you should probe your options.

clearly success varies by talent, work, resources and abilities with any business opportunity. That said, we know of affiliates who have taken their credit repair business plan and executed on that plan, grossing over $100,000 per month. If you like the idea of being your own boss and earning an executive level income, we encourage you to take look at your business plan as just the first step an an exciting new venture.




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