How to Become a Credit Repair Specialist

Step-by-Step Guide

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   Step 1: Finish a college degree with an emphasis in economics or finance to form a solid foundation on which to build your skills.

   If you have a degree in an unrelated field, take college courses or certification courses to bridge the gap and build your expertise in the fields of economics or finance.
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   Step 2: Stay on top of industry trends with continuing education specifically for credit repair specialists and their clients.

   ,, Become a certified Credit Service Organization, if needed, and conduct an in-depth review of local and national regulations regarding credit repair services. , You will pay monthly fees for these bonds to ensure your clients' financial solvency in the event of a negotiation failure or broken contract. ,,, Ask the specialist to walk you through the credit repair process and, if possible, talk to some current and former clients to get a sense of their top concerns and desired outcomes.
   
   Make a note of what practices you would want to implement in your credit repair specialty business, and those which you would rather avoid to better serve your clients.
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   Step 3: Beef up your communication skills so you can negotiate better with creditors and polish your approach to credit reporting agency representatives.

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   Step 4: Research licensing requirements in your area and complete the appropriate applications.

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   Step 5: Investigate what level of surety bonds local laws will require you to carry to protect your clients from financial loss due to your advice.

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   Step 6: Join professional organizations that will help you stay abreast of industry news

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   Step 7: continuing education opportunities

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   Step 8: networking and legal issues.

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   Step 9: Research the policies and procedures of each of the three credit reporting bureaus – TransUnion

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    Step 10: Experian and Equifax – and develop a list of contacts within each bureau to help you get started with client score lobbying when you begin offering services.

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    Step 11: Before you become a credit repair specialist

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    Step 12: consult with a practicing agent

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    Step 13: and take a list of questions that will help you decide if you are a good fit for the industry.

Detailed Guide

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