Credit Repair works because of the law
The Fair Credit Reporting Act gives you the right to dispute any item on a credit report. If the item cannot be verified, it must be removed. This is the basis of all credit repair.
Credit Bureaus make a lot of mistakes
Nearly 8 out of 10 Credit Reports have errors! Errors come off quickly, usually after 1 letter, but even accurate items can often be removed. You just need to know the rules.
Your client orders reports from all 3 bureaus: Equifax, Experian and TransUnion. The report imports into Credit Repair Cloud. Together you identify all the items you wish to dispute.
Send a dispute letter to each of the 3 credit bureaus. Dispute up to 5 items on each letter within a 30 day period. This is called Round 1.
Within 30-45 days, the bureaus will respond with a letter explaining the outcome of each investigated item and indicate if the items have been deleted, corrected or verified. If your client has a credit monitoring subscription, you can re-import the results with one click using Credit Repair Cloud. The results will determine your next steps.
If the items were deleted, that’s awesome! You can dispute additional items using the same Round 1 Letter. On the other hand, if the bureaus verify any of the items or ignore your disputes, Credit Repair Cloud makes it very easy to find the right letter to use for each and every possible situation. These letters are called Round 2, 3, 4, etc. Over time negative items are corrected and the score goes up!
Client is thrilled and keeps paying your monthly fee!
How do successful Credit Repair companies make a profit?
1) They give awesome service!
Part of giving awesome service is educating your clients, delivering what you promise and providing transparency to your work. Credit Repair Cloud helps with all of this. Just remember...
- If you keep your existing "paying" clients happy...
- And you add a few more clients each month...
- Your revenue will grow LARGER every month.
2) They have "affiliates" who refer clients to them!
Affiliates are mortgage brokers, loan officers, realtors, CPA's auto dealers and financial professionals who refer clients to you. Credit repair cloud has tools for requiting, managing and paying affiliates.
Other key elements of Credit Repair Cloud: