Overview of the business The XYZ company will be a credit repair company based i
ID: 373375 • Letter: O
Question
Overview of the business
The XYZ company will be a credit repair company based in New York. The mission for this company will be to rebuilt and restore the credit score of the customers in an ethical, professional, and legal manner. The company is founded by XYZ. XYZ is having 10 years of experience in the lending industry. The main activities of the company include debt consolidation, credit repair, and credit advisory services. The targeted market will be the working professional of New York and the adjacent States. Our company will receive the credit reports from our clients and get it rectified from the three major credit bureaus (i.e. Experian, TransUnion, and Equifax) after finding the errors and mistakes in the reports.
Our market research has shown us that approximately 40% of the American population has issues in their credit profile in some ways or the other. As per the research, we observe the market and growth potential for this business very strong. Along with the citizens of USA, we find a huge potential for the credit repair of the immigrants as well.
Our business will hire set of licensed experts or advisories who would be working with the clients and the credit bureaus as credit counselors in order to improve the risk profiles of the clients and improve their credit rating scores. We estimate that our company will have the option to earn revenue from two sources – from the client for fixing their credit scores and other services and also from the lenders who could successfully able to renegotiate the debt with the client. The company will also provide consultation to the clients about how to manage the credit scores in the future The business will also develop an internal program which will monitor client’s credit profiles on a monthly basis for a yearly fee. The company will maintain extensive procedures and policies on fee disclosure to reduce the cost of disputes.
Other services of our company will be related to debt negotiation, renegotiation, and debt management services to the customers who are troubled by the credit card, automobile, or mortgage debts. On behalf of the lenders, the business will work directly with the lenders in order to effectively ensure that client and the lenders are both in a win-win situation and that the creditworthiness of the client is not hampered for future debts.
The company will act under proper jurisdiction and will maintain the licensure to act as a credit counseling and credit repair company
Explanation / Answer
Milestone 2 - Implementing Strategy: 6. Data and Projection (You need to generate the tables, charts, and graphs by yourself; you cannot copy paste them from existing sources) 6.1. Create income-statement, analyze and estimate break-even point cash-flow, cost expense, and investment return. (How much capital needed. Types of finaneing such as company assets, personal assets, stocks, bonds rventure capital fund, bank, etc.) 6.2. Use statistic terms such as mean, variance, standard deviation, mode, and so on. 7. Legal and Intellectual Property Issues 7.1. Legal contracts that will be used for all aspects of this product, service, event, or area for improvement. 72. Copyright and trademark registrations project, technically, legally, or in other possible ways) 8. Support by Computer Information System (How to use CIS to support your 9. Summary
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