How to Start A Credit Repair Business: Step-by-Step Guide

Updated: 28th Sep 2021 Written by Kim Pinnelli
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In the Article: How to Start a Credit Repair Business from home.

Ever dreamed about being your own boss? What about making life-changing income? If so, you came to the right place. Today, we are going to answer critical questions that are on your mind and more:

  • How Do I Start a Credit Repair Business from home?
  • Is a Credit Repair Business Profitable?
  • How Much does it Cost to Start a Credit Repair Business?
  • How Can I make Money with Credit Repair?
  • Do I need a License to do Credit Repair?

Without further ado, here is our ultimate guide on how to start a credit repair business. Let’s get this party started (and make money)!

How do I start a Credit Repair Business?

Like all businesses, starting a credit repair business is not for the faint heart. It requires commitment, dedication, motivation, and the willingness to face adversity. Besides, if starting a business was easy, then everyone would start one and slap the coveted title of ‘entrepreneur’ on their LinkedIn.

How to Start a Credit Repair Business (Step-by-step)

To help you escape the corporate rat race, create life-changing income, and help others repair their credit, we created a step-by-step playbook for you to follow as you launch a burgeoning credit repair business.

This ultimate guide is your one-stop-shop. Think of it as your compass rose as you navigate the nuances of entrepreneurship.

1. Treat Your Credit Repair Business as a Side Hustle Once You Start

All too often, people dive headfirst into starting a business; however, you need to recognize that 80% – 90% of companies fail.

No, I do not share this statistic to scare you off, but rather, to educate you about the reality of entrepreneurship. Treating your credit repair business as a ‘side hustle’ mitigates your risk and allows you to make strategic business investments once you start gaining traction.

Those who already have a full-time job are entering into the business world with valuable experience, capital, and real motivation.

They know what it is like to work in the corporate world or in retail and are genuinely inspired to create a profitable business.

This level of commitment is what separates them from the rest. On top of working a full-time job, they are willing to put in the extra 20 – 30 hours per week to get their credit repair business off the ground.

So, step one is to treat your credit repair business as a side hustle at first. This mitigates your risk, allows you to invest capital into your business, and protects you in case things do not pan out. As you can see, this is both a smart financial and business decision.

2. Employ Top Notch Business Credit Repair Software

We are in the 21st century. As a small business owner, you need to employ technological solutions to propel your business, free up time, and save money. Business credit repair software allows you to add clients with ease, import credit reports, conduct a credit report audit and generate ready-to-use dispute letters for your customers.

Above all, credit repair software keeps you organized, which is essential as an entrepreneur. The last thing you want to do is track down missing invoices, mishandle paperwork, or lose a client because your customer experience was not the best.

Our top choice for business credit repair software is Credit Repair Cloud. This software solution is used by multi-million-dollar small businesses (owned by people like you) and is affordable.

Apart from having the best software, Credit Repair Cloud also has a world-class team that offers hands-on training, and provides its customers with robust educational materials, so they can start a million-dollar credit repair business.

Are you ready to launch, scale, and grow a million-dollar credit repair business? Sign up for their FREE TRAINING.

This training is designed to hold your hand throughout the entire process. Besides, Credit Repair Cloud has minted more than 25+ millionaires, so yes, it is the real deal and a no bs training.

>> Want to Dive Deeper? Read our Credit Repair Cloud Review

3. Create a Credit Repair Business Plan

A real business is not complete without a detailed business plan. A credit repair business is no different. As the owner/founder/CEO, it is your job to make sure your business is set up for success.

The goal of a credit repair business plan is to have a holistic view of your overall business environment and to create a roadmap for you to follow. Your business plan needs to include (at a minimum):

Business Structure

The point of this section is to handle the legality aspect of starting a business. As a business owner, you need to register as either an LLC, S-Corp, Corporation, Sole Proprietorship, or LLP. Ultimately, what legal structure you decide is entirely up to you.

Business Management

Who is on your team? Is it just you, or are you going to hire others?

Operating Environment

Do you plan to operate in your County, State, or Nation-wide? Like all businesses, start small then grow as you generate more revenue.

Pricing & Profits

This portion of the business plan is vital; however, it can certainly change. You need to decide how much you will charge for your credit repair services.

Executive Summary

In general, this section is designed to articulate the business opportunity that is present and your plan of attack for capturing market share.

Market Analysis

Backed by quantifiable data and a few hours of research, the market analysis section reveals how you plan to position yourself within your identified target market.

Competitor Analysis

This is arguably the most crucial section of your business plan. You need to know who your competitors are. Know how many employees they have, what they charge, and what services they offer.

Undeniably, the more in-depth research and data points you can gather the better. With this information, you can set a credit repair price that is more attractive to customers, offer more services, and ultimately, stand out in a crowded marketplace.

>> More: Do Credit Repair Companies Really Work? 

SMART Business Goals:

As the owner of your new credit repair business, you are the Chief Strategist. Set realistic and obtainable smart business goals. Doing this will hold you accountable and will provide internal motivation as work towards shattering each goal that you set.

Credit Repair BUsiness Goals

Creating a business plan seems intimidating at first; however, it is not a ‘set and stone’ document. Instead, a business plan is a working document.

As your business grows, you can edit your original plan to accommodate the struggles and successes you encounter.

Credit Repair Cloud will hold your hand as you create your business plan. Their team of experts will offer you candid guidance and expert input, so you can create the best business plan possible.

4. Find Your Niche

Bonus Tip: DO NOT offer your services to every single person.

Offering your credit repair services to every single person is wildly expensive and inefficient. Do you think someone with a 720 Credit Score needs to repair their credit? No! You need to target those with lower credit scores. Target credit score ranges:

  • 300 – 400
  • 400 – 450
  • 450 – 500
  • 500 – 620

You get the point. Targeting a specific credit score range will allow you to focus your marketing efforts, save money, and help you establish credibility.

5. Set Up a Professional Website

Have you ever been to a website that had a terrible user interface and brutal customer experience? Sure, you have. Fortunately, creating a professional website is easier than you think. Additionally, you need a website that is clean, fast and instils confidence in your future customers. Here is how to create a quick and easy professional website:

  • A self-hosted site is the perfect solution for credit repair businesses. WordPress powers over 40% of the world wide web. The largest brands in the world use WordPress as their Content Management System and Primary Web Interface.
  • Sign up for Blue Host Web Hosting. They are the best web hosting platform and offer beautiful templates to use for your website. And they offer all their customers a FREE domain name! Furthermore, Blue Host will walk you through step-by-step how to set up a professional website. It is a win-win all around.

6. Set Up Communication Systems and Processes

Communication is the heart and soul of a business. Between communicating with your employees and customers, you need to make sure you set up and employ robust communication systems.

No need to get fancy and spend money. All you need is a working phone and a business email address.

Make sure to work with an Email Service Provider that allows you to create an email address that is associated with your domain name. For example, a business email associated with this website,, would be (example [@]

Avoid,,, and These are all personal email’s, not business emails. Furthermore, credit repair software (like Credit Repair Cloud) should have built-in communication features that help you set up the necessary accounts to support your business.

7. Abide by Regulatory Requirements

Depending on what State you operate in, you may need to obtain a business bond or insurance. Additionally, your State may require you to operate under a business license.

To recap, make sure to research:

  • Business Bonds
  • Insurance
  • Business License’s

Spend time on this section. The last thing you want to encounter as an entrepreneur is legal ramifications. Also, the Credit Repair industry is regulated by the Credit Repair Organization Act (CROA). This act outlines what you can and cannot do as a Credit Repair Business.

>> More: Is Credit Repair Legal? 

8. Learn the Ins-and-Outs of the Credit Repair Process

Repairing credit is a complex process at first; however, after your first few clients, you will know exactly what to do. You need to know how to help customers remove and dispute:

It seems like a lot, but it is not. Like all things, it takes time getting used to and requires first-hand experience to master. Credit Repair Cloud’s Software and FREE TRAINING helps you automate and LEARN the entire credit repair process, saving you time and money.

What You CANNOT DO as a Credit Repair Business:

This part is key, so pay attention. As a Credit Repair Business, you cannot do the following:

  • Mislead Consumers
  • Promise Results
  • Remove Accurate Information from a Credit Report
  • Encourage your customers to get a New Social Security Number so you can open a new credit file
  • Demand Advanced Payments (charge an upfront fee)
  • Agree to Verbal contracts. Everything must be documented in writing and signed by both parties
  • Not provide a cancellation policy. Every legal credit repair business must offer consumers the right to cancel at any time

These ‘consumer rights’ are all outlined in the Federal Code’s and regulations. If you are found in violation of any of the following above, you will face legal action.

Do you need a License to do credit repair?

Though the credit repair industry is regulated, you do not need a license or formal training to repair credit. So no, you do not need a license to do credit repair. 😊

Is a Credit Repair Business Profitable?

Credit Repair Businesses are very profitable. But remember, it takes time and the willingness to learn new things. There is a reason thousands of Americans have started their own credit repair businesses. They make money.

How Much Does It Cost to Start a Credit Repair Business?

Depending on your goals and aspirations, starting a credit repair business is relatively cheap compared to other business ventures. As the saying goes, you need to spend money to make money.

This means making strategic investments toward marketing, software, and learning. You cannot put a price tag on knowledge, and the more you can learn about both business and credit repair, the better off you will be servicing your clients and leading your employees.

How Can I Make Money with Credit Repair?

As the owner of a credit repair business, you will charge your customers a set fee for repairing their credit. Most credit repair businesses operate under a subscription-based model, which means you charge each customer a set fee per month. This is the same business model Netflix, Hulu, Spotify, and other significant business conglomerates employ. Do not reinvent the wheel. Follow suit with what industry leaders do.

Is it illegal to charge for credit repair?

No! It is not legal to charge for credit repair. The largest credit repair companies all charge their customers for their services.

Wrapping Up: How to Start a Credit Repair Business from Home

By now, you should have a clear understanding of how to start a credit repair business. The best thing to do is research the industry, learn the ins-and-outs, and seek professional help and guidance from Credit Repair Cloud.

Sign up for their free training and see what it is about. If it is not for you, then move onto another business venture. The least you can do is just give it a shot, besides it’s FREE.

More Credit Resources: 

Kim Pinnelli
Kim Pinnelli

Kim Pinnelli is a Senior Writer , Editor, & Product Analyst with a Bachelor’s degree in Finance from the University of Illinois at Chicago. She has been a professional writer for over 15 years, and has appeared in a myriad of industry leading financial media outlets. Kim is committed to helping people take charge of their personal finance. Her areas of expertise spans mortgages, credit cards, credit, and loans.