Credit Repair Business Secrets

Latest Episodes:

3 Proven Strategies to Get Rid of Repossessions Jun 08, 2021

Show notes

Having issues with your auto loan and losing a car is a difficult experience indeed.

What's worse is, this doesn't just leave you without a car. It also negatively impacts your credit for years to come, which makes it even harder to qualify for another car, or a loan or credit card, or a mortgage.

Lenders may be able to start the repossession process after just the very first missed payment, and if you've ever tried to help a client that had a repo on their credit report, you probably found out that getting repos is quite challenging (compared to almost any other type of item on a credit report) because of the little nuances that lie within the contract of the auto loans.

But the good news is, you are not powerless. You are a Credit Hero. You have options.

There are three expert tactics that can really help you to permanently remove repos, and I will break them down for you in this episode.

So stick around!

Key Takeaways for This Week:

- Was your client’s car repossessed by the lender? (0:00)

- What exactly is a repossession? (1:16)

- Factual dispute tactic (3:22)

- Credit sales discrepancy (7:44)

- “How the heck was I late paying after you took the car” strategy (10:32)

- Targeting other types of repos (12:46)

Additional Resources:

- Get a free trial to Credit Repair Cloud Here:

http://www.creditrepaircloud.com/freetrial

- Sign up for the Credit Hero Challenge Here:

https://creditherochallenge.com/live

- Get my free credit repair training:

http://creditrepaircloud.com/freetraining

- Register for my FREE Credit Building Products mini-workshop:

https://www.creditrepaircloud.com/credit-building-products-workshop

Make sure to subscribe so you stay up to date with our latest episodes!

Build Your Credit FAST With These Credit Building Products! Jun 01, 2021

Show notes

Credit repair isn’t JUST about disputing! There are other ways to help your clients, change lives, and grow your business!

One way is to educate your clients on good financial choices and how they impact their credit scores.

But there are also tons of financial products and services that can help you and your clients establish credit, build credit, or increase scores.

In today’s episode, I’m gonna give you an overview of how you can help your clients and increase your revenue by using credit building products, and at the end of this podcast, I’m going to show you how to register for my brand new Credit Building Products FREE mini-workshop!

It’s a 5-part series delivered straight to your email every morning, plus it comes with an awesome workbook!

So stick around!

Key Takeaways for This Week:

- Top ways for helping your clients build their credit scores (0:00)

- How can credit repair owners need to utilize these credit building products? (1:38)

- Three types of credit building products (3:38)

- What is “credit utilization?” (4:52)

- The key differences between revolving and installment accounts (6:18)

- How to build credit by reporting rent and utility payments (7:39)

- Sign up for my FREE Credit Building Products mini-workshop! (8:41)

Additional Resources:

- Get a free trial to Credit Repair Cloud Here:

http://www.creditrepaircloud.com/freetrial

- Sign up for the Credit Hero Challenge Here:

https://creditherochallenge.com/live

- Get my free credit repair training:

http://creditrepaircloud.com/freetraining

- Register for my FREE Credit Building Products mini-workshop:

https://www.creditrepaircloud.com/credit-building-products-workshop

Make sure to subscribe so you stay up to date with our latest episodes!

Got a Charge Off In Your Credit Report? Not Sure What It Means? Watch This Video! May 25, 2021

Show notes

Does this sound familiar?

Your client has a credit card, and for whatever reason, they stopped making payments. They get charged with a late fee, plus interest which then pushes their balance over the limit, and they get slapped with yet another charge - an over-limit fee.

Another month passed by, and they are unable to bring the account current, so they’re charged another late fee, another over-limit fee, and more interest.

This continues for months as a horrible snowball effect takes place. Wishful thinking won’t make it go away. Ignoring their bills and accumulating fees only make the problem get bigger and bigger.

Now, after several months of this, the creditor wants their money. They desperately try to reach your client. They call, send letters and relentlessly try to make contact. They know that if they don’t get the account current, the chances of ever recouping their money are slim to none.

After the 90 to 120 day mark, they usually pull a legal maneuver to lessen their losses. This is called a charge-off.

But why do they do this? How does it affect your client’s credit score, and for how long?

And what can you do as a Credit Hero to help your clients who have charge-offs on their report?

In this episode, I’m gonna reveal the secrets you need to know all about charge-offs!

So stick around!

Key Takeaways for This Week:

- Has this ever happened to one of your clients? (0:00)

- Why creditors charge off debt (2:23)

- The devastating effects of charge offs (3:52)

- How to remove charge offs from a credit report (4:37)

- Negotiating with debt collectors (5:19)

- Can settling old accounts actually hurt your credit? (6:14)

Additional Resources:

- Get a free trial to Credit Repair Cloud here:

http://www.creditrepaircloud.com/freetrial

- Sign up for the Credit Hero Challenge here:

https://creditherochallenge.com/live

- Get my free book “The Ultimate Guide To Starting A Credit Repair Business” here:

http://creditrepaircloud.com/freebook

Make sure to subscribe so you stay up to date with our latest episodes!

How to Remove Collections From a Credit Report for Good? Follow My Step-by-Step Process! May 18, 2021

Show notes

You know those pesky accounts that pop up on your client's credit reports?

I'm talking about the ones that are from companies that they never did business with the ones who love to call at all hours of the day and night, the ones who love to call your clients at work and harass them?

You guessed it - I'm talking about collection accounts.

The debt collection industry is booming. And collection accounts are the most common negative items that are appearing on consumers' credit reports.

So what is the secret to removing collection accounts once and for all?

Well, today, I'm going to tell you my step-by-step process.

So stick around!

Key Takeaways for This Week:

- The most common negative items appearing on consumers’ credit reports (0:00)

- Why is the debt collection industry booming? (1:23)

- Is it possible to wipe out debt collections by paying them? (2:36)

- How to get rid of collections (3:30)

- The key to removing collections (4:29)

- What to do if you’ve exhausted your options with the bureaus (5:11)

- When to use an estoppel silence letter (5:56)

- Tips for dealing with the debt collectors directly (6:56)

Additional Resources:

- Get a free trial to Credit Repair Cloud here:

http://www.creditrepaircloud.com/freetrial

- Sign up for the Credit Hero Challenge here:

https://creditherochallenge.com/live

Make sure to subscribe so you stay up to date with our latest episodes!

How to Remove Late Payments From a Credit Report (My Secret Hack) May 11, 2021

Show notes

Join Our FREE Start Repairing Credit Challenge!

Life happens!... And sometimes it happens in a way that haunts you or your clients for years!

Let’s say your client has a perfect and long-term payment history with a creditor when suddenly - BOOM!

Something happens that causes that perfect payment history to go late.

Maybe the mail was lost through no fault of their own, or they got laid off…

Or an emergency medical situation happened, or even COVID caused a payment to have to be pushed past the due date…

Or really… maybe life just got chaotic and they just forgot!

In this episode, I’m gonna walk you through step-by-step exactly what to do so that those moments in life don’t haunt your client’s credit for years!

So stick around!

Key Takeaways for This Week:

Common external causes of late payments (0:00)
Why late payments are particularly interesting to lenders (1:19)
What is a goodwill intervention? (2:27)
Do goodwill interventions work on closed accounts? (3:13)
How to remove late payments from a credit report (4:07)
What to do if you don’t get a response from the main customer service account? (5:42)

Additional Resources:

Get a free trial to Credit Repair Cloud
Sign up for the Credit Hero Challenge
Get my free credit repair training

Make sure to follow our podcast to stay up to date with our latest episodes!

Use This WHEN TO HIRE Framework to Build a Successful Credit Repair Team! May 04, 2021

Show notes

When’s the right time to hire your first employee?

It’s a question I get from Credit Heroes often and it’s one that’s important to really think about BEFORE making a decision.

After helping thousands of people just like you launch, build, and scale their credit repair businesses from nothing, I’ve discovered the secret to knowing when you’re ready.

In fact, almost 40 of the Credit Heroes I’ve helped, have gone on to be our Millionaire’s Club Members after earning over a million dollars in their credit repair cloud!

For most of them, knowing exactly when to take on their first employee and grow their team felt overwhelming too!

And I get it! It’s a dilemma!

If you wait too long, you stunt your growth and can feel overwhelmed.

If you hire too soon you might not be set up for that person to succeed or even be able to pay their salary!

So in this episode, I’m going to share with you the secret I learned and my When to Hire framework so you can confidently make decisions that allow you to grow your business and change a ton of lives!

So stick around!

Key Takeaways for This Week:

Should you hire an employee for your credit repair business? (0:00)
Before hiring, make sure you do this one thing… (2:24)
What happens if you hire too soon? (3:01)
Top questions to ask before hiring your first employee (3:53)
The downsides of hiring to late (5:16)

Additional Resources:

Get a free trial to Credit Repair Cloud
Sign up for the Credit Hero Challenge
Get my free book “The Ultimate Guide To Starting A Credit Repair Business”

Make sure to follow us so you stay up to date with our latest episodes!

Do THIS to Identify Your Ideal Credit Repair Clients! (How to Select the RIGHT Credit Repair Leads) Apr 27, 2021

Show notes

So you've launched your credit repair business! Congratulations!

You're growing it fast, and you're changing a whole lot of lives. Awesome!

Everything you learned in the Credit Hero Challenge, worked, and it's really, really exciting.

But as you grow, you begin to wonder…

"Who is my ideal credit repair client?”... “Should I enroll just anyone who's willing to pay?”... “Or are there special things that I should look for?"

The truth is, there are a few circumstances that may not be a perfect fit for credit repair.

See, we don't work off of loopholes or hacks. NO!

We use the law to get results and to change lives!

So sometimes, even though you want to help, there are things that credit repair cannot fix.

And in today's episode, I'm going to help you to identify your ideal clients and set the right expectations for each and every single one of them.

So stick around!

Key Takeaways for This Week:

Do you know who your ideal clients are? (0:00)
This is the essence of credit repair! (1:42)
The top 4 things to look for in your ideal credit repair client (3:09)
What to do if a potential lead doesn’t fit your ideal client model (5:07)

Additional Resources:

Get a free trial to Credit Repair Cloud
Sign up for the Credit Hero Challenge

Make sure to subscribe so you stay up to date with our latest episodes!

What's the Difference Between Validation, Verification, and Disputing in Credit Repair? Apr 20, 2021

Show notes

What's up, Credit Heroes? Welcome to the Credit Repair Business Secrets Podcast!

There are three terms in the credit repair industry that everyone seems to misuse and misinterpret.

They are validation, verification, and disputing.

These terms are very, very important to understand. They are more than just words. Each one of these is a specific part of the credit repair process.

And by not fully understanding them, you're going to risk losing their effectiveness.

So today, I'm going to clear up all the confusion and tell you exactly how each one of these plays a role in your ability to be a successful Credit Hero and change a lot of lives.

So stick around!

Key Takeaways for This Week:

The three commonly misused terms in the credit repair industry (0:00)
Why you need to know the difference between validation, verification, and disputing (1:04)
Validation in credit repair (definition) (2:07)
Verification in credit repair (definition) (5:45)
Credit repair disputing (definition) (7:33)
How does understanding these processes help you grow your credit repair business? (8:24)

Additional Resources:

Get a free trial to Credit Repair Cloud
Sign up for the Credit Hero Challenge
Get my free credit repair training

Make sure to subscribe so you stay up to date with our latest episodes!

The #1 Secret to Happy Credit Repair Clients (CRUCIAL If You’re Starting a Credit Repair Business!) Apr 13, 2021

Show notes

Being your own boss, growing a business that changes lives, and living life on your own terms - that's every entrepreneur’s dream!

But it's not easy!

To be really successful, you have to really put your heart and soul into your business.

So when somebody cancels, sometimes it’s hard to NOT take it personally! After all, you feel like you’ve given them above and beyond perfect service, so why in the world would they cancel?

In today’s episode, I’m going to help you understand the number one reason clients cancel and what you can do to keep happy clients longer!

So stick around!

Key Takeaways for This Week:

It’s hard not to take business personally sometimes (0:00)
EVERY client matters when you’re starting a credit repair business! (1:19)
The number one secret to retaining credit repair clients (2:36)
How to have great communication with your clients (3:46)
What makes client retention so important for your credit repair business? (5:22)

Additional Resources: