Credit And Debt Counseling Business

Credit And Debt Counseling Business Success Stories [2024]

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Updated: July 23rd, 2024

Struggling with financial stress can be overwhelming, but a credit and debt counseling business can provide a lifeline for many.

This business involves offering expert advice to individuals and families on managing their finances, reducing debt, and improving credit scores. You'll work closely with clients to analyze their financial situations, develop personalized plans, and negotiate with creditors.

Starting a credit and debt counseling business means diving into a field with a meaningful impact. The need for financial literacy is growing, and your services can empower people to regain control of their lives.

If you’re passionate about finance and have the ability to guide people through tough times, this is a business idea with high demand and a rewarding sense of accomplishment. Plus, establishing trust and delivering tangible results can lead to a loyal client base and long-term growth.

In this list, you'll find real-world credit and debt counseling business success stories and very profitable examples of starting a credit and debt counseling business that makes money.

1. Money Geek ($120K/year)

Michael, a former personal finance professional, started Money Geek after a marketing company convinced him to blog for client recruitment. Dissatisfied with their content, he took over and saw the blog skyrocket to 250k monthly page views within nine months, ultimately generating over $10k a month.

How much money it makes: $120K/year
How much did it cost to start: $2.5K
How many people on the team: 0

How I Started A 250K Monthly Pageviews Personal Finance Blog

Your Money Geek blog grew rapidly to over 250k monthly page views in nine months, leading to the creation of a white-glove, paid mastermind program to help site owners drive traffic and revenue for their own blogs.

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2. Arrest Your Debt ($42K/year)

Ryan Luke, a police lieutenant, came up with the idea for his online education business Arrest Your Debt after experiencing financial hardship himself. After struggling to make mortgage payments and accumulating debt, he decided to learn about personal finance and became passionate about helping others in similar situations. Through blogging and coaching, he has been able to help first responders become financially free, earning around $3,500 a month from his business.

How much money it makes: $42K/year
How much did it cost to start: $500
How many people on the team: 1

How This Police Lieutenant Started A $3.5K/Month Side Business Blogging About Financial Education

Police lieutenant Ryan Luke grew his side business, Arrest Your Debt, into a $3,500 monthly income stream by blogging about personal finance tips through a focus on financial literacy for first responders.

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Read by 6,493 founders