California Credit Repair License
Is there some sort of license to open a credit repair company in California?
And also, how can we be a power of attorney to the client?
Its exactly the same as Utah. No license is required, but if you have almost any license are exempt. My wish get your loan officer license, the NFA Series 3 license or a license to securities brokers, it would be cheaper. Simply register as a CSO. You have to do all the work with a client for payment within 6 months. You can not go beyond this time. And put a $ 100,000 bond with the State of California. The bond would cost of 2-5K per year. You will have more companies show a link to your back you can afford cover loses a lawsuit. Excellent credit will be a duty and it is better to have at least a net worth of 100K or never have that bond. Bonds CSOs are extremely difficult because about 90% of companies repair credit are a scam. So it's better to have a lot of money. So why say that obtaining a license for a couple hundred dollars and that are exempt. Double check it, but says it plain as day on the statue. This has all the information you need and the requirements anyway. Good Luck. http://www.dca.ca.gov/publications/legal_guides/cr-9.shtml
7 Steps to a 720 Credit Score: Part 2
