Credit Mentor

2 Credit Mentor Success Stories [2024]

Pat Walls

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Updated: October 10th, 2024

Struggling with poor credit can be daunting, but a credit mentor could be the solution you need. A credit mentor is a professional who provides tailored guidance on improving and managing credit scores. They help clients understand credit reports, dispute errors, create repayment plans, and develop habits for long-term financial health.

If you're passionate about personal finance and helping others achieve their financial goals, this could be a fulfilling business venture. You'll need to stay updated with credit laws and regulations, and being adept at financial strategies is crucial. Building trust with clients is key, so be prepared to offer personalized, empathetic, and consistent support.

Starting a credit mentor business doesn't require a huge capital investment, just a strong knowledge base and the desire to help others overcome financial hurdles. It’s a practical and impactful way to make a real difference in people's lives while carving out a niche for yourself in the financial services industry.

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

1. iKrave Vending ($360K/year)

Lakinya, the founder of iKrave Vending, came up with the idea for her vending machine business after realizing the lack of consultants that specialized in vending machine operations. After running her own successful vending machine business for a year, she created online training courses to help others achieve success in the industry. With her courses, Lakinya aims to eliminate obstacles and guide aspiring entrepreneurs towards financial security in the billion-dollar vending machine industry.

How much money it makes: $360K/year
How much did it cost to start: $2K
How many people on the team: 1

I Converted My Side Hustle Into A Full-Blown $10K/Month Vending Machine Business

iKrave Vending founder Lakinya started her vending machine business after observing the lack of consultants who specialize in vending machine operations, and now offers online training courses and mentoring to help others achieve success in the billion-dollar industry.

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Read by 4,269 founders

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 6,739 founders