Credit Repair Cloud Blog | How to Start a Credit Repair Business

How to Use AI to 10X Your Credit Repair Business!

Written by Daniel Rosen | August 01, 2023

The AI revolution has begun, and on this week's Podcast, I explain how you can use these tools to supercharge your credit repair business!

In the 20 years since releasing my first credit repair software, I've helped thousands of businesses build from the ground up. During that time, I experienced the same challenges that Credit Heroes face, and I learned proven ways to overcome them and succeed.

One of the most important aspects of running a business is adapting to new technology. Now more than ever, if you don't keep up, you can get left behind. 

It used to take years for businesses to innovate and for markets to adjust, but AI-powered tools are now changing entire industries overnight. 

As we speak, AI tools are already helping people write books, design logos, and even invest money. 

Tech experts say, "AI won't replace humans, but humans using AI will." 

And the same is true for businesses. 

AI won't put entrepreneurs out of business, but entrepreneurs using AI will. 

HOW THIS RELATES TO US

AI tools aren't just for big corporations and tech guys that know how to code. Credit Heroes, even first-time business owners, can use AI tools to improve everything from sales and marketing to customer service!

Most of you have probably heard of ChatGPT, Google's Bard, or Microsoft's Copilot. You might've even played around with a few AI tools. But these just scratch the surface of what's available. There are thousands of AI-powered tools to choose from, and more are coming every day! 

In just a few months, sites like AIValley and Future Tools have sprung up, dedicated to cataloging all the new tech being released. 

Sites like DataFit have grown massive communities just by providing a place where people can share the most effective AI prompts. If you don't know what an AI prompt is or how to use it, I will be doing more AI-related episodes soon, breaking them down and sharing specific examples.  

The point is everything surrounding AI is moving very fast, and I'm going to do everything I can to help you keep up and stay ahead of the curve.

THE THING TO REMEMBER

AI tools can do amazing things, but they're not perfect. So, despite all the hype and excitement, we can't rely on them for everything. Yet. 

Most are reasonably priced and user-friendly. But they're not always cheap, and some have steep learning curves. 

Most are still early in their development, and some have bugs or other issues. For example, if you ask an Ai marketing tool to help you write a blog or an ad for your credit repair business, it might know the details of the FCRA and the CROA, but it might not, and it could make a mistake. 

So, just like using a dispute letter template, you must review everything that's written before you use it. 

This technology is new, and there will be growing pains, but these tools will only get better. There are tons of ways that AI tools that can help you get more done with less effort and grow your credit repair business faster. 

WHY THIS IS IMPORTANT

No matter what aspect of your business you want to improve, there are AI-powered tools that can help get the job done better and faster. 

AI might seem intimidating compared to a hammer or a pencil, but it's still just a tool. Choose the right one for the job, and practice makes perfect. 

Some AI tools specialize in specific aspects of business, like administrative tasks, and other tools have broader uses, like creative brainstorming. 

Broader-use tools like ChatGPT and image creators like DALL-E have a ton of commercial use potential, but they're not specifically designed for small business needs, and they're not as beginner friendly as the tools I'm covering today. 

Soon, I'll do a deep dive into all the creative ways those tools can help you grow your credit repair business, but today, I will focus on established tools centered around core business functions.

WHAT YOU NEED TO KNOW

Credit Heroes should focus on three categories of AI tools: Customer Engagement,  Business Operations, and Sales & Marketing.

Customer Engagement tools focus on customer interactions. They include chatbots, digital assistants, and personalized messaging tools.

For example, let's say you work alone, and you want to spend as much time as possible finding new leads. But you waste a lot of time answering the same basic customer service questions over and over. 

ADA is a chatbot you can add to your site that can handle all the simple customer service questions that come your way. 

You just sign up for the service, input the common credit repair questions you receive and the responses you want ADA to give, and it does the simple customer service work for you! 

Now, if there's a complicated issue that requires your attention, ADA can automatically route that customer to you so that you can help them immediately.

Chatbots like this can save you a ton of time and hassle, so you can focus on more important aspects of your business, like getting more leads!

If you're just starting and you need a free alternative to ADA, Google's ​​Dialogflow has similar features and a free version. 

This is a good time to mention that I'm not affiliated with any of these products or companies. I'm mentioning them because these amazing tools are just too valuable to Credit Heroes for me not to talk about them.

Business Operations tools focus on improving your processes. They include data analytics, automations, and project management tools.

For example, if you've run a few email marketing campaigns and you want to learn which sales funnels are working and which ones need to be updated or abandoned, Tableau is a business intelligence platform that reviews sales data, builds reports, and helps you choose a path forward. 

They have a three-tiered pricing system designed to be scalable from one user to giant businesses, and they even have a free version called Tableau Public. So even if you're just starting out, Tableau can fit your needs. 

Sales & Marketing tools focus on lead generation, sales, and growth. 

These are the tools you will probably use the most often when you're just getting started. They include everything from content creation and brand development to customer relationship management and email campaigns. 

For example, if you're looking for an AI-powered marketing tool, Jasper is an all-purpose text generator that can create SEO-optimized marketing materials and high-quality content in over 30 languages.

Think of it like an AI copywriting assistant that allows you to quickly build social media posts, marketing emails, Facebook Ads, you name it! 

All you have to do is select the type of content you want to create, provide some specific details about what you need, and click "Generate." That's it!

Let's say you want to build a blog post about a few simple tricks to boost credit scores. All you have to do is sign up for Jasper, click "Create New Content," and choose a blog template. You then fill out the background information section and add a few key points you want the blog to make. 

Maybe you want it to focus on avoiding late payments and lowering credit utilization, and then you want it to include a CTA for your Credit Building course. 

You fill that in and choose the tone of the blog. This is where you explain your brand. You do this so the AI can mimic your style of writing. 

When you finish explaining the blog you want, select the output, the length, and the language of the blog, and hit "GENERATE."

And BOOM. There it is! Hours of work, done in seconds. 

You still need to review the content to make sure it's accurate and matches your voice, but these text generators are game changers for those just starting out, on a limited budget, or working alone! 

Jasper has a three-tier pricing system. The basic plan is around $40 a month, which sounds high, but it's the most polished all-purpose marketing tool currently available, and it's beginner-friendly. 

If you want me to do deep dive into any of these tools, or if you have a favorite new AI tool you want to share, let me know in the comments! 

Just remember, everything surrounding AI changes quickly, so the faster you get on board, the better!

We're building AI tools into Credit Repair Cloud, so exciting updates are coming soon! 

If you'd like to learn more ways to run and grow your Credit Repair business, go to CreditRepairCloud.Com/FreeTraining and sign up for our Masterclass! It comes with 6 months of Credit Repair Cloud software for FREE!

MY FINAL POINT

The future of credit repair is here, and AI powers it. Artificial Intelligence won't put entrepreneurs out of business, but entrepreneurs using AI will. 

I'LL END BY SAYING

If you still need a Credit Repair Cloud account, check it out. It's the software that most Credit Repair businesses in America run on. Sign up here for a Free Trial!

And if you'd like to change lives and grow your Credit Repair business, check out our Credit Hero Challenge!

It's an amazing program, and we've got another challenge starting in a few days, so grab your spot right now at CreditHeroChallenge.com!

So take care, Credit Hero!

And Keep Changing Lives!

Be sure to subscribe on your favorite platform below!