How To Start A Credit Repair Business (As A Side Hustle)

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  • เผยแพร่เมื่อ 16 ต.ค. 2024

ความคิดเห็น • 41

  • @crediteddy
    @crediteddy  2 ปีที่แล้ว +3

    Start The 14-Day Credit Hero Challenge + Get My Bonuses 🎁: www.thecredithype.com/credit-hero-challenge-bonus48761710

  • @meganmoon6197
    @meganmoon6197 2 ปีที่แล้ว +2

    Thank you for this! I want to do it as a side hustle - love my 9-5 too much to leave but want more financial freedom

    • @crediteddy
      @crediteddy  2 ปีที่แล้ว +1

      That’s amazing to hear 🙏 let me know if you have any questions about credit repair or any obstacles your facing!

    • @meganmoon6197
      @meganmoon6197 2 ปีที่แล้ว

      @@crediteddy
      I think mostly I wonder about time? I do work 8-4:30 and I have a 5 year old.
      Is this something I can work on after he goes to bed? I’m in an office for most of my work day - do I have to have a phone number set up for this? I can’t do both at work since it’s a state job (the nature of the business shouldn’t be a problem though), so can I return calls by email or during breaks? Email is easier since I can just grab my phone here and there or do some mass replies over a break. I have nothing against speaking on the phone but it’s tricky with work hours!
      How well do I need to know the laws?
      I have a lot of questions 😂

  • @SarahBinsol
    @SarahBinsol 2 ปีที่แล้ว +2

    Hi, Eddie, I don't see the PDF form.
    Thank you for making this video! it was very helpful!

    • @crediteddy
      @crediteddy  2 ปีที่แล้ว +1

      Hi Sarah! I just added the PDF presentation in the description next to business resources 👌🏼 Thank you for watching!

    • @SarahBinsol
      @SarahBinsol 2 ปีที่แล้ว +1

      @@crediteddy thank u so much!

  • @nadihafeeza
    @nadihafeeza ปีที่แล้ว

    When you use an outsourcing company, who handles the customer service piece? Like if a client calls in and has questions about where they are in the process, who handles that?

  • @SirSterlingSupreme
    @SirSterlingSupreme 2 ปีที่แล้ว +1

    New to your channel, Video was very helpful, thanks for the information.

    • @crediteddy
      @crediteddy  2 ปีที่แล้ว +1

      I appreciate it! Thanks for watching! Let me know if you have any questions 👌🏼

  • @rubendelvalle4900
    @rubendelvalle4900 2 ปีที่แล้ว

    Hey Eddy, Thanks for the all your videos. I just signed up for the credit hero challenge via your link.😎😎

  • @beedolamite8748
    @beedolamite8748 2 ปีที่แล้ว +2

    Hi Eddy! I have watched a few of your videos, thank you for the good information buddy! I am just finishing the hero challenge and looking for a bond in Oregon. Can I ask, did you get start-up funding/grant? Ive only got 4 test clients and one of them is me :) Ive sent out first rounds on some name inaccuracies and a couple of addresses that wanted to be removed, Experian has already responded within 5 days of the letter going out on my report, but my question is, do you think I need to be bonded even when offering free service to beta clients, while im still learning? No agreement.

    • @crediteddy
      @crediteddy  2 ปีที่แล้ว +3

      Good job on finding your first few test clients! We didn’t get funding but we had to spend around $2000 to get everything setup in the state of CA.
      I believe Oregon is much cheaper when it comes to filing for your business and bond.
      You should be fine but I wouldn’t get any paid clients until you have your bond to be on the safe side.

  • @cassandramelendez8024
    @cassandramelendez8024 2 ปีที่แล้ว +1

    Hi Eddy,
    I have seen all your videos and it is great info for us as beginners. Still, I have a question do I have to register the business at the beginning of my journey, or can I start out with testing clients and then see how it goes from there?

    • @crediteddy
      @crediteddy  2 ปีที่แล้ว

      If you aren’t going to charge a penny, then you can start with test clients.
      But please be careful, I would RECOMMEND that you have errors & omissions or someone kind of surety bond to protect yourself and your customers :)

  • @dianacastro4196
    @dianacastro4196 2 ปีที่แล้ว +1

    Hi Eddy, the LLC has to be credit repair or can it be a multiservice? And do you have an online legal provider who an help us to create the LLC?

    • @crediteddy
      @crediteddy  2 ปีที่แล้ว

      Yes it can be multi-service but please double check with a professional in your state :)
      I used Zenbusiness! They were super helpful with the entire process.

  • @logankottenbrook2785
    @logankottenbrook2785 2 ปีที่แล้ว +2

    Hey Eddie am interested in starting my own credit repair company but I would like to have a little bit experience under my belt. Would you and your partner by chance be hiring part time. I have a bachelors degree in finance and I currently work as a credit Analyst.

    • @crediteddy
      @crediteddy  2 ปีที่แล้ว +1

      Hey Logan! I’ll get in contact with him. We have mostly everything automated such as marketing & disputes.
      My email for the channel is in my TH-cam channel bio since they don’t like when you post emails here…
      I also have a partnership with two other credit repair companies that allow affiliates just in case you want to check them out! 👌🏼

    • @logankottenbrook2785
      @logankottenbrook2785 2 ปีที่แล้ว

      @@crediteddy sounds great thank you!

  • @nicolasmike9576
    @nicolasmike9576 2 ปีที่แล้ว

    Hey Eddy, I have CRC software as well and I’m very new to it. I recently discovered that CRC no longer recommends PaymentCloud as a merchant account to use for the business. Is there any reason why?

  • @evolutionindisguise9499
    @evolutionindisguise9499 2 ปีที่แล้ว +1

    I did not think wells Fargo would allow credit repair company to open an account. Is there anything one should or shouldn't say when applying for their business accounts.

    • @crediteddy
      @crediteddy  2 ปีที่แล้ว +2

      It was very easy once we had our LLC, business bond, and we actually spoke to two different branches. I guess it really depends on the person who helps you!
      We have credit in our business name and we let them know we do credit repair & consulting

  • @credittrickscredithacks
    @credittrickscredithacks 2 ปีที่แล้ว +2

    great info Eddy

    • @crediteddy
      @crediteddy  2 ปีที่แล้ว

      Glad you enjoyed it! let me know if you got any questions :)

  • @tyeciaverguss5452
    @tyeciaverguss5452 2 ปีที่แล้ว +1

    On the business side how do i use identify iq for potential clients without them paying the monthly fees?

    • @crediteddy
      @crediteddy  2 ปีที่แล้ว

      Hey Tyecia! That’s the only way unfortunately. BUT you can always use SmartCredit and join their white label program.
      So you will be able to add the fee within your services. So the client technically won’t be paying two different transactions.
      Hope that helps!

  • @allisonlambert4890
    @allisonlambert4890 2 ปีที่แล้ว

    Hi! What do you mean by “bond”? Also, great content!

  • @jerryviews
    @jerryviews 2 ปีที่แล้ว +1

    Hey Eddy, nice video! How much of the business can be automated?

    • @crediteddy
      @crediteddy  2 ปีที่แล้ว

      Hey Jerry! Depending on your experience with automation tools like zapier, email marketing, and outsourcing letters. you could potentially automate 70% of this process.

    • @jerryviews
      @jerryviews 2 ปีที่แล้ว +1

      Ah I see. I actually just got on board with an agency that automates 100% of a credit agency and more. I was still on the fence that's why I was asking. Let me know if you'd to know more

    • @crediteddy
      @crediteddy  2 ปีที่แล้ว

      @@jerryviews that’s awesome! What’s the name?

  • @Nicolesprettyblogs
    @Nicolesprettyblogs ปีที่แล้ว

    can i do this in canada

  • @terriona33
    @terriona33 2 ปีที่แล้ว +1

    Hello how would we charge if we can’t bill up front?

    • @crediteddy
      @crediteddy  2 ปีที่แล้ว

      Hi Terriona! In CA, we don't charge until we sent out the first round letters. this is automated through credit repair cloud because we also need to give them 5 days to cancel.

  • @Jaythenobleone
    @Jaythenobleone 2 ปีที่แล้ว

    Hey Eddie how can I get in touch with you

  • @moep1484
    @moep1484 2 ปีที่แล้ว

    How much is credit repair cloud per month?

  • @digitalbands5371
    @digitalbands5371 2 ปีที่แล้ว

    Can you review myecon

    • @crediteddy
      @crediteddy  2 ปีที่แล้ว

      I can check it out, I'm. not to familiar with that though