Possibilities of a credit repair business!!!

Unless you have a knowledge of the fcra,fcdra,and the cra's it would be rather hard to have sucess.Because you can't be 100% sucessful.

 

Besides the laws mentioned above that you need to be extremely knowledgeable of, then there is the CROA that tells you how you must run your business.

Its full of landmines.

 

Bill Bauer where are you?

 

I wouldn't wish it on my worst enemy. It's not as easy as it seems.

 

You can also get sued under the CROA too if you don't know exactly what you're doing.

 

Isn't it amazing how people think they can read a couple of web sites, read the FCRA and FDCPA and start charging people?

Just because more people are having credit problems doesn't mean it's going to be easy to make money repairing credit.

Especially when you get sued and lose more than you ever made.

 

It's happened before. Just ask around.

 

Thank you hedwig for every good service there's 10 bad ones.

 

I'd agree with the above and we're in the business. Of course, there are numerous consumer errors during the process that destroys or mitigates even a good CSO's efforts on half the occasions.