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Do I need a license to start a credit repair business? What are the credit laws by state?

Daniel
posted this on March 24, 2010, 5:29 PM

A license is generally not required to repair a client's credit. However, laws can vary from state to state. Click here to see laws by state

A few states do require a surety bond.  If you use a bonds service, the amount you actually pay will only be a small percentage of the total bond.  In many states you'll pay as little as $100.  To find out if a bond is required in your state visit Bonds express http://www.bondsexpress.com/credit-services-organization-bond/

Remember we are a software company only. We cannot answer legal questions, you'd need to consult with an attorney for that, but we do have many resources for you: 

 

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Good luck with your business!

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Daniel Rosen
Founder, Credit Repair Cloud

 

Credit-Aid Software provides credit information, not legal advice. For legal advice, please consult an attorney in your state.
 
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