Former Baltimore Ravens wide receiver, LaQuan Williams is a man that knows how difficult it can be managing money as a pro athlete. Instead of falling into a trap and in an effort to help others steer away from that, the CEO and entrepreneur created Repairful Credit Solutions so that athletes and people around the nation can rise out of financial disarray. In our exclusive interview with LaQuan, we discussed the inspiration to create his company, transitioning out of football, and much more.
Tell us about the Repairful Credit Solutions.
Repairful Credit Solutions is a company that on one side is focused on helping out people of color, people in impoverished neighborhoods and people with lack of knowledge about credit. On the other side, it also serves athletes and entrepreneurs. I want them to understand the value of credit and why it is important to their daily lives.
What was it like transitioning from the NFL to a new endeavor?
Well, nothing is easy, so this was no exception. But, the work ethic, once you have it, you have it. I had to work ethic because I had to fight to get into the NFL and have an opportunity to play, so I knew I had to put in the work to build my company and make it to what I wanted it to be. Every day I wake up and put in the work.
There were a lot of things about credit that I didn’t know due to the misconceptions I had about it. Most of the things I heard was that credit was bad and it gets you in debt, but once I learned the truth and the power of credit it changed my entire perspective. I learned that credit can help you to generate wealth and make it easier for you to leverage your money for other opportunities.
Why do you believe it is so important to break the cycle of bad credit within the black community?
In the black community credit is not appreciated. People don’t have the knowledge that it can create generational wealth for our families and we can build the life we want by using it correctly. In low-income communities people can learn to use it so they are not reliant on things like welfare and public assistance. Instead, they can create things and build a better life.
What are you currently working on? What can we expect to see from you in the future?
I am working on a book with my mentor James Hunt, which will outline my transition from football into the credit world. It will also share important information about the power of credit. Aside from that, I am building my company to make it bigger.
All images by VS Brown Photography