*Loan,banking and credit>>>credit repair

Starting A Credit Repair and Financial Counseling Business?

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?

This is an excellent idea, I plan on doing this myself .. You need to check out your state laws for "Credit Repair Organizations" There are regualtions you have to follow. You can get a bond throught most insurance agents, but if you dont have a business it is based on your personal credit.

But agian FIND your state laws.. There are regs regarding what your contract must state(You have to have a contract) you will need a limited power of attny.. and other things.

I have no idea, but that sounds like a wonderful plan. I'm sure there are lots of people who could use your help. Maybe you could google it or ask jeeves to find an answer. good Luck
You might do a search for <your state> credit counseling licensing and bonding.

You also should read your states statutes concerning credit counseling. Since so many shady credit counseling services have popped up, many states have started to have stricter laws concerning them now.
i have no idea but when you start your business ill be your first client
This is a great business if you have the knowldge
and turning it into a profit is all the better.