W have a new opportunity regarding selling merchants' credit repair services. In a nutshell, we operate similarly to a funding shop in which you send us clients for credit repair, and we pay out commission. There's no clawback, and the same clients that apply for MCAs are the perfect target group for business and personal credit repair services. If you're interested in learning more and onboarding, PM me and we can talk further. We provide all training and resources for your brokers to be successful.
The main premise of the business model is that merchants applying for MCA typically have bad credit or are not easily lendable, so any lead you have can be converted into a credit repair sale as well.
Either you can
- Piggyback a repair on a loan you're already doing and let the merchant know when it's completed next time they can obtain better rates
- Sell as an individual package to someone who can't get approved/is getting shopped around without a deal
- Or just sell to any merchant you have individually.
Typically we do weekly payments from the merchants and we use stripe so they can either pay us with ACH or a Card, and we pay 20% on deals 3,000$ or below and 25% on deals 3,000 and above.
The selling price and weekly payment distribution is at your discretion, we've seen the most success at 750$ a week for 4 weeks. Every time a weekly payment comes in You are paid the percentage of that.Â
We complete our service for the merchant and oftentimes they will have an easier time getting approved, as we improve business and personal credit. They log in to a portal and can check all of their progress.
We are happy to provide an in-person or zoom training to all your brokers as well but it's an extremely easy sale overall. zach@firestonefinancial.net
