A Home Based Business To Solve Your Money Problems

Many people find themselves in what might be called the "Time and Money Catch 22." Trapped in a dead-end job with no hope for advancement, they live from paycheck to paycheck making barely enough money to meet expenses. They long to break free and start a home based business of their own, because the hope of better money "somewhere down the road" is way better than no hope at all!

The "catch" is that starting a home based business would require more time than their job allows, and yet they can't quit their job because they're forced to depend on it to pay their bills. There's just no getting around it! No new business is going to begin making money the very first day. There will always be a period of time when there's just no money coming in.


The answer is to find a business opportunity that meets the following criteria:

* A home based business that can be started in one's spare time and carried out at his own pace

* One that requires a minimum of start-up capital

* One that can begin showing a profit relatively quickly

* Above all else, one that allow the person to maintain his present employment until he's financially secure enough to resign

In brief, a home based business opportunity that allows the entrepreneur to start small, and keep his job for the time being until he's earning as much or more money as his current job pays. When his new business in bringing in enough income to pay his bills, he can then quit his job and devote full time to his new venture.

While there are doubtless a number of opportunities that meet these criteria, at this time we'll be discussing one possible path to the goal.

One of the very best choices in this regard is the business of Credit Repair, and for good reason! To begin with, it can be a very lucrative business. In fact, there are credit repair agencies that charge from around $795 up to $2,000 or more for their services. Some attorneys will even charge as much as $5,000.

So, as you can see, there's the potential here to make a very good living indeed!


But does charging such high fees mean that these agencies are performing some service that requires a college degree or some special expertise?

No, not at all! They're not doing anything you can't do, with just a little knowledge. And in addition, you can start doing it part time, and with very little investment up-front.

Now some states do require you to have a license. Some also require that you be bonded. But you DON'T need to be an attorney. You don't need any prior experience either.

Not only is credit repair easy to learn, but there's a huge market for this service. The fact is about one out of every 3 - 4 Americans have some problems with bad credit. And since there are about 300,000,000 American citizens, once you do the math, you'll realize how easy it is to find clients in need of this service.


A full explanation of the credit repair process would require several pages. But a brief overview is adequate to explain the basic steps involved in the process.

1. Your client gets a copy of his credit report from http://www.annualcreditreport.com. Actually, he'll get 3 reports ... one from each of the major credit bureaus (TransUnion, Equifax, and Experian).

2. After going over the credit reports with your client, you'll identify information in his reports that is current hurting his credit score.

3. You'll dispute that information by writing letters to each of the 3 bureaus. Under the "Fair Credit Reporting Act" passed by Congress to protect consumers, the bureaus have 30 days to either verify or remove disputed information.

4. In about 30 days or so, your client will receive a reply and updated credit report from each of the bureaus. Then you just keep repeating the process until all negative information has been either verified or corrected.

So as you can see, just about anyone can do this. You don't need to be a lawyer or have an expensive college degree to make a very lucrative living repairing credit.

To get started you'll need to do the following:

First get a good book on credit repair and learn it thoroughly. Don't worry, it's not that complicated, but you do want to be well prepared when you start recruiting clients.

Secondly, find a copy of the "Credit Repair Organizations Act" and familiarize yourself with the laws governing the service you'll be performing.

And while you're doing all this, don't forget ... you can learn at your own pace while you continue with your present job. And when you're ready to start recruiting clients, take on only as many as your spare time allows, until you're making enough money to quit your job.

When you've reached that point, the sky's the limit!

You can grow this business as much as you want to. You might be content making enough for a comfortable living while allowing yourself more leisure time than you previously had (before quitting your job). Or you might want to work full time and earn more.

Finally, if you're really ambitious, you might at some point have more clients than you can handle on your own, and have to hire outside help. While hiring employees presents its own set of problems, it enables you to grow your business beyond what you could working by yourself. And eventually, you could delegate all the "leg work" to others, and spend only as much time as you need to manage your employees.

But however far you grow your business, one thing is for sure. You'll never miss working for someone else while in a low paying, dead-end job!