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Sunday, January 11, 2009

Credit Repair Business Opportunity: New Bankruptcy Laws

By William Blake

Today, people have started to have a debt problem like never before. It is only when they realize that they are a step away from bankruptcy that they then realize the need of repairing their credit ??" often with the help of a credit repair company. The new laws on bankruptcy signed by US President Bush has opened up the floodgates for those dealing in credit repair and so many more people are taking advantage of this boom in credit repair business opportunities.

Must Speak With a Credit Counselor

The new law makes it mandatory for people to get counseled on credit repair before they can file for bankruptcy. Furthermore, they can only file Chapter 13 bankruptcy and no other type of bankruptcy. It is easy to see that such new regulations have opened up wider credit repair business opportunities and people are jumping in and even operating out of their homes to provide professional credit repair.

Though this is a great opportunity there are a lot of legalities to think about. You have to be certified and have a license to be offer professional credit repair services. Also you will need to market your business well in order to ensure its success. So there are a lot of things to think about before you take the big leap into business for yourself.

You can also find more information on credit repair business opportunities by checking at your library or even local bookstore where there are sure to be many books written on different credit repair business opportunities and which will also provide helpful information, tips and even techniques of doing business to help make your credit repair business a real success.

Also, online you can find what the requirements are for starting a credit repair business. You might also be able to turn to professionals, maybe a credit counseling agency or credit consultant, that can help you get whatever certification you need. There may be courses you need to take to be certified and the professionals will be able to tell you how to go about that.

When you have the knowledge and the credentials needed for your business you are ready to start advertising your service. You need to be specific in your advertisement as to what service you are providing. Marketing your businesses well will determine its success.

This is a really good time to look in to credit repair as a business venture. Many people are trying it out and having success.

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