Actual Data For Credit Repair Business

by Raul Mesta
(El Paso, Tx. U.S.A.)

In your business plan for a credit repair company, does the plan come with actual data regarding the business that is relevant and/or needs to be included in the plan, or do we need to research all data?

Thanks
Raul Mesta

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Actual Data For Credit Repair Business

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May 20, 2009

Credit Industry Business Plan
by: CJ, Business Plan Specialist

Raul, as you might well imagine, the credit repair industry is in huge transition in the US right now. Personally, I wouldn't trust any stats more than a month old -- lol. But your business will still be serving a specific market, and that is where you need to focus your research.

May 20, 2009

response
by: Raul Mesta

Yes, I was not referring to data specific to my area but rather data and/or statistics pertaining overal to the business in the U.S. as a country.

Thanks

May 20, 2009

Your Credit Repair Business Plan Stats
by: CJ, Business Plan Specialist

Raul, I am not certain what stats you are referring to. If you mean the demographics for your population, then that would be something that you provide. Each and every demographic group is, of course, very different. We do provide sources that you can go to to determine your demographics, some free and some paid services.

If you are referring to financial ratios, we do provide general ratios. We always encourage you to check with your lender for up to date information, especially in a market as volatile as ours is now.