I currently work as a mortgage broker who specializes in bad credit loans. I have helped many of my clients understand their credit reports and what they can do to improve their credit.
I love this part of my job, am good at it and would like to turn it into a source of income.
I would like to take a credit repair client, obtain their credit reports and explain the information contained in them in detail. I would give recommendations about what they can do to raise their score and a detailed step by step plan of action. For an additional fee, I would dispute incorrect items on their behalf.
I plan to keep my prices low and offer honest, realistic advice specific to the individual’s situation and goals.
What certifications or licenses do I need to start a business that does this?
I did find out I need a $ 50,000 surety bond for this. How do I get that?
I have checked my state’s website and most of the information given there was pretty vague. I’d like to hear from someone who has done this before.