Credit Repair Ny
I would like to open a bussines of credit repair, how do I go about it?
I am located in NY, and would like to help people fix their credit problems for a fee, how do I get to know all the requirments to open up a bussines like that?
1. Find out your states laws for credit repair organizations, since you would be classified as one.
2. Get your licensing and bonding.
3. Learn the FDCPA.
4. Learn the FCRA.
5. Learn the FTC (and all of the opinion letters)
6. Learn your states statutes.
7. Learn federal statutes.
8. Learn how to deal with original creditors.
9. Learn how to deal with collection agencys.
10. Learn how to deal with the credit bureaus.
11. Learn how to write ‘all’ of the necessary letters.
12. Know what constitutes violations.
That should do for a start.
AND I’m not joking around with what I’ve listed. What I’ve listed MUST be done if you plan to charge people money to repair their credit.
edited to add:
Just from going by your answer to someone – learn that a paid negative is just as bad as an unpaid negative – even if it does say settled.
Credit Repair – NY Business Man Gets 200 Point Increase
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