Because this software is an online program and Credit Money Machine Net is a computer-based
program we should consider several factors. Some related to to its online limitation and other
related to its features.
There are several reasons why you should never consider online software for your business
(unless the online server is in your office.)
1) They are incredibly slow. It does not matter how fast your machine or their machine is: the
fact is that TCP protocol which the Internet uses makes it impossible to be fast. Remember how
slow your Bank's web site is. Now imagine your staff working at "that" speed 8-10 hours a day.
2) Lack of security. For obvious reasons, your list of clients resides in "their" servers leaving you
at the mercy of all their employees, and any web packet sniffing software. This lack of security
becomes more dangerous when the seller of the software is also a provider of similar services for
their clients, a conflict of interest.
3) Lack of features. The Internet and its intrinsic nature makes it impossible to have the rich
environment possible in a Windows based software. Usually, online software are VERY simplistic
in their approach to the business and "force" you to use their methodology and not your own.
Some important are: importing the whole credit report in one click from different credit report data
sources or automatic suggestion of dispute type, letter and description for example.
4) More expensive. Not only is online software more expensive, but when you expand and have
more clients, you will need to hire more employees since there is NO way to do bulk processing of
disputes, etc. Therefore, the more clients you have, the more employees you need, incurring a
corresponding increase in business costs.
5) Interruptions in your work. As we all know, servers on the Internet have problems from time to
time with long interruptions, sometimes in the range of days. Even a temporary crisis could prove
traumatic since all clients would need support at the same time, collapsing any support
department.
6) Your business depends on the "life" of the vendor. Nothing lasts forever, so when they close
their doors, (because they win the lotto, sell the company, change their mind, or any other
reason) you are closing your business with them the very next second, losing all your money, list
of clients and business in an instant as well.
Just consider these facts when evaluating online software.
Be sure to ask for a trial period to evaluate the software and a money back guaranty to reduce
the risks to using such a system.
Now we need to consider some essential features that a credit repair software must have:
1) The software should be able to handle thousands of leads, prospects and clients. You should
be able to use the software NOT only for clients but for lead and prospects as well and have the
ability to convert them into clients. When evaluating, the demo you evaluate should contain
thousands of contacts records to simulate this need and appreciate speed.
2) The software should be capable of importing records at least from the most usual formats like
CSV, DBF and Excel.
3) The software should be able to select all disputes to print from all clients with one click. If you
intend to have lots of clients it will be a waste of time and very tedious going from client to client
selecting what disputes to print.
4) The software should allow you to assign how many disputes you want per letter. In other
words you don't want the software to force you in either direction (like putting all disputes in one
letter or vice-versa) that should be under your control.
5) The software should extract disputes automatically from different credit reports. You don't
want to spend hours in something that could be done in seconds.
6) The software should assign the letters automatically based on the dispute type but always
under your control.
7) The software should provide a Portal for your Clients so they can do 24/7 and check the status
of their disputes. Also, it should provide a Portal for your Affiliates (those who refer deals to you)
so they can see their clients' portals from their own portal. These are two essential options that
should be included at no extra cost.
8) The software should provide a way to follow up automatically with you client. In other words,
your client is going to forget to send you the responses from Credit Bureaus and you need an
automatic way to follow up on those.
9) If you are considering online software, be sure that you understand the implications of having
your business software online. (slow operating speed specially when "moving around", security
issues, lack of control, interruptions in your work, potential loss of business if the provider
company closes, etc.) To avoid a potential disastrous outcome for your company be sure to ask
what provisions are taken by the provider in those cases.
10) Ask what extra features are offered. A business is much more than sending some letters. At
least you need:
a) A way to control your client payments under different payment options always under your control.
b) The ability to charge credit cards.
c) The ability to print checks so you can receive checks by phone / fax.
d) The ability to print invoices for your clients.
e) The ability to manage your leads. Marketing to your prospects should be an important part of your business.
f) The ability to send / receive e-mail without losing the line of communication with your clients. In other words, sending e-mail from Outlook
does not count since you lose that connection with your client.
g) The ability to create tasks for your agents and separate for your clients so you can follow up with ease to prospects and clients.
h) Any marketing aspect of the software is a plus, the opposite is a negative. A business to grow needs sales. To get sales you need
marketing. Without marketing nothing happens. Be sure that the software you choose has a solid set of marketing features that will allow you
and your company to grow fast and steadily.
