How to Start a Credit Repair Business in Florida?

1. How to Start a Credit Repair Business in Florida? Credit Repair Business Have you ever considered opening up a profitable Florida credit repair business? If you have, then you will need to consider a few important issues such as bond requirements, Florida State credit repair regulations and laws, the statute of limitations, and licensing. The following information can help you with some basic facts necessary before proceeding with the steps required to open up your own credit repair business. The cost of opening up a Florida credit repair business is approximately $200. You also will need to pay an additional $200 to obtain a $10,000 bond. However, the average monthly profit potential could go as high as $20,000. This makes this particular type of business very lucrative and well worth considering. You will need to become aware of both state and federal laws for Florida. Some of the key points to consider in regards to the federal laws include the following: - A client can cancel a contract within 3 days. - A client must sign a written contract between you and the client. - You cannot misrepresent any of your services (false claims). - You cannot promise to do the work and then not do it. - State law cannot render or change any part of the CROA. - If you violate the CROA, your client can sue and get a complete refund of all money paid including damages and legal fees. Some of the key points to consider in regards to state laws include the following: - Requirements are necessary for surety bonds. - Florida debt statute of limitation. - Florida credit repair license. - Florida credit repair business market potential - How to profit after obtaining a credit repair business license. Simply take the necessary time to carefully consider all of the above facts before applying for a Florida credit repair business license. This will help you to make the right decision.