McKinney, Texas (PRWEB) September 22, 2009
RepairMyCreditNow Credit Services, Inc. announced today that it has been ranked at number 1,622 on the 2009 Inc. 5000 list of the fastest growing, privately held companies in America.
The list is released annually by Inc. magazine, providing a thorough assessment of revenue growth over a period of four full calendar years. Corporate giants like GoDaddy, Jamba Juice, Microsoft and Under Armour are just some of the past recipients of an Inc. 5000 ranking.
To be eligible for listing in the 2009 Inc. 5000, companies must have been fully operational by the first week of January 2005. Businesses must be based in the United States, be run for profit, are privately held and must have been unaffiliated with any other corporation as of December 31, 2008. Since publication several companies on the 2009 list have been sold or have begun trading publicly. To qualify for inclusion, a minimum of $200,000 in profit was required for 2005 and a minimum of $2 million was required for 2008.
RepairMyCreditNow Credit Services, Inc. is a credit repair organization that works with clients to fix credit issues, with a focus on credit restoration and education. The company helps identify inaccuracies in credit reporting and aims to clear these errors with various agencies, thereby improving clients' credit scores. RMCN also provides education and advice on long-term credit repair and how to strengthen credit ratings.
Thanks to a focus on impeccable ethics and development of solid relationships with referral sources, RMCN has been able to achieve a nearly 800 percent rate of growth since its founding. The precarious mortgage and lending environment has also driven consumers to repair credit and take a renewed interest in their credit standing, which has further contributed to RMCN's rapid expansion. Recent company activity has been targeted at clients from the entertainment and athletics sectors, again resulting in dramatic revenue increases.
RMCN reported earnings of $2.4 million in 2005; revenue jumped to an incredible $7.2 million just three years later, placing the company at number 59 of the Dallas 100, a list of the fastest growing businesses in the Greater Dallas area during that time period.
In addition to the Inc. 5000 and Dallas 100 rankings, RMCN has been consistently rated among the top businesses and financial service companies in the Dallas / Fort Worth / Arlington, Texas area. The company was ranked number 17 on the list of Top 100 Businesses in Dallas-Fort Worth-Arlington and number 24 in the Top 100 Financial Services Companies.
Doug Parker, CEO, founded RepairMyCreditNow Credit Services, Inc. in 1997 to help people fix credit. The company is headquartered in McKinney, Texas and has 93 employees. Parker is currently working to establish the Texas Credit Repair Association, a non-profit credit repair organization aimed at improving industry standards through consumer advocacy and self-regulation.