More Than Credit Repair. Click below to read interesting content we have curated, on topics relevant, not only for credit repair, but to the everyday individual.
Understanding the Mortgage Landscape When it comes to qualifying for a mortgage, lenders look at a combination of factors—primarily your credit score, income, debt-to-income ratio (DTI), and employment history. While credit scores play a major role, they are not the only factor. In fact, many lenders are willing to work with borrowers who have lower […]
Navigating the home buying journey is a major milestone in life, filled with excitement, challenges, and big decisions. In this comprehensive guide, we’ll walk through each stage of the process, offering insights and tips to help you confidently navigate this adventure. Assessing Your Needs and Financial Readiness First, you’ll need to assess your needs and […]
If I had a dollar for everytime one of our potential clients said “I’m just going to wait until the rates come down” in 2023, I wouldn’t need to work for half the year. Mortgage interest rates in Texas are still fairly high, compared to what I call a “once in a lifetime event”, the […]
As we usher in the New Year, many of us reflect on the past and set resolutions for the future. A resolution is just an over complicated term we use for a GOAL. The top 10 resolutions (goals) generally made at the new year are: While exercise tops the list, I would argue it is […]
Loans and credit are the primary drivers of the economy. They allow businesses and individuals to take out large sums of money and pay them back over time. The individual or business benefits by having the money they need, and the bank or lender benefits by charging interest on the loan and turning a profit. […]
Collection agencies are for-profit businesses. Some collectors will call incessantly, while others will offer a deal to try and convince someone to pay. Deals can range from small discounts on the amount owed all the way to removing an item permanently from the credit report. The latter is what is known as ‘Pay for Delete.’ […]
Bills get overlooked, addresses change, and amounts get mistyped. The result is the same: something was not paid for on time and it was sent to collections. For the lucky ones, it hasn’t been reported to the credit bureaus. For those who are not so fortunate, there will now be a collections account listed on […]
Anyone who has given out their social security number when they received a credit card, loan, or mortgage has an active account listed on their credit report. Even inactive accounts may continue to be listed for years afterward. Thankfully, credit repair specialists can assist in getting these inaccuracies removed quickly. Inaccuracies Abound With millions of […]
Maintaining an acceptable credit score is critical for being able to take out loans and lines of credit. The first inkling that someone has a less-than-stellar score is typically when they are denied a loan for the first time. One reason for a poor credit score is a high number of hard inquiries. Thankfully, there […]
Your credit score has a significant impact on multiple facets of your life–from securing a mortgage or car loan to impacting job opportunities (in some cases). However, navigating the complex web of credit reports, credit bureaus, and financial laws can be intimidating and time-consuming for the average person. This is where credit repair companies step […]
Negative marks on your credit report (also called ‘derogatory items’) can really set you back. These are red flags that alert lenders that you may not be the most reliable when it comes to paying back debt. Whether it’s missed payments on a credit card or more serious mishaps like bankruptcy or foreclosure, these marks […]
When you’re on the path to buying a home, chances are you’ll need a loan to help cover the costs. So, how does a lender decide you’re trustworthy enough to extend a large amount of money to? A large part of that decision hinges on how well you’ve managed your finances in the past, which […]
When your debt has gone to collections, it can have a major negative impact on your credit score. If your credit score lowers, it can impact your ability to sign a lease, acquire personal loans, open new credit cards, and more. Being shackled to a low credit score can leave you desperate for a quick […]
The majority of credit bureaus adhere to the FICO scoring model, which ranges from 300 as the lowest possible score to 850 as the highest score. Your credit score helps lenders determine your ability to repay a loan or debt, with higher scores indicating you are a responsible lendee and can repay larger debts on […]
The big moments in life tend to cause hard inquiries: applying for a mortgage, auto loan, or student loans all require creditors to check your credit and temporarily lower your credit score. However, if someone pulls your credit without your approval, it can lead to more inquiries and unfairly lower your score. Working with the […]
A strong credit profile doesn’t just affect your ability to secure loans or credit cards–it can reach into various facets of your life, shaping opportunities and outcomes beyond mere financial transactions. Good credit can determine whether you are approved for a mortgage or rental agreement. It may also be a consideration for certain employers, particularly […]
Rent reporting is a way to make your consistent rent payments work for you by having them count toward your credit history. If you’re a homeowner, you know that your mortgage payments help build your credit score. However, rent payments haven’t always been given the same level of consideration in the credit world. This is […]
Reporting your rent payments to the credit bureaus is a great way to build your credit and improve your credit score. If you pay your rent on time, there’s no reason why you shouldn’t have this added bonus reflected on your credit report. As a reputable credit repair company in Pittsburg and US wide, we […]
Credit scores impact the important financial transactions that you’ll make, such as qualifying for a loan, getting approved for a mortgage, or buying a new car. A higher credit score can give you access to better credit products at lower interest rates. But what’s a good credit score and what’s a bad one? In this […]
When it comes to managing your financial well-being, your credit score plays a significant role. It affects your ability to secure loans, get approved for credit cards, and even determines the interest rates you’ll pay. So, if you are looking to improve your credit score, you might be wondering if paying collections will help. Read […]
Maintaining a good credit score is essential for securing favorable terms on loans, credit cards, and other important financial transactions. However, many people find themselves grappling with the after-effects of previous financial missteps, with collections accounts negatively impacting their credit history. When a debt is sent to collections, this means the lender has forwarded it […]
If one credit bureau has removed an inaccuracy in your credit report, the other two bureaus will not remove it automatically. You’ll have to contact each bureau and request the change separately. In this post, we’ll talk more about credit disputes. We’ll share what type of inaccuracies can be removed, how to remove them, what […]
Renters looking for an apartment in New York City will find that all landlords, letting agents, and property brokers will run a credit report–making a credit clean-up essential for applicants with adverse issues on their credit file. The reason for credit scoring is that landlords and property managers need assurances that a tenant they choose […]
Credit repair companies specialize in supporting clients with credit-related issues, such as a low credit score, adverse events on their credit file, or a lack of credit history. Our role is to assess your current credit profile, identify opportunities to remove errors or inconsistencies and create strategic plans to help you build an improved rating. […]
The most common reasons our clients need help with credit repair are that they have fallen into difficulties with debt, taken out too much borrowing through multiple lenders, or failed to act decisively when chased for late payments by a credit collection agency. As a team with years of expertise and a free initial assessment […]
Any reputable credit dispute company will offer a complimentary consultation, similar to the 100% free initial assessment the Phenix Group provides all prospective clients. But how useful is the advice we offer, and will it be beneficial? In short, if you’re worried about the credibility of a debt collector versus a collection agency, don’t have […]
As one of the top credit repair companies supporting clients in New York and throughout the US, The Phenix Group regularly confers with families concerned about debt collection action and unsure of the best way to respond to avoid causing further issues that will compound their low credit rating. The first step, as always, is […]
Ignoring a debt collector is a bad idea. You could easily end up in even greater trouble than having unpaid bills. Wondering how exactly bad it can get? Before doing something you’re going to regret, understand the possible consequences of ignoring a debt collector and how you can avoid being in this situation in the […]
While parking tickets are a nuisance, they’re usually easy to pay. However, if you don’t have the money, your ticket can snowball with court costs and other fees into a large amount that derails your finances. When your ticket goes unpaid long enough, it also incurs administrative fees and parking surcharges. This means a $90 […]
Too many consumers are overwhelmed with debt for reasons beyond their control. If you fall into this category and are being hounded by RTR Financial Services, it’s important to know what it is, how the law can protect you during these difficult times, and how you can remove a collection agency from your credit report […]
ARS is a collection agency that handles various types of debt, including credit cards, medical bills, and utility services. If you are in arrears with a lender or any service provider, your account may be in the hands of ARS collectors. When you’re dealing with a debt collection agency like ARS or want to know […]
Has your credit score taken a nosedive because of a collection entry made by Penn Credit? If so, ignoring the company’s attempts to reach you because you aren’t sure if it’s legit isn’t going to work–this company represents a large number of clients. Once your debt goes to collections, it stays on your credit report […]
Healthcare Revenue Recovery Group, better known as ‘HRRG,’ is a debt collection agency based in Florida that specializes in recovering medical debts. With healthcare costs surging to record highs every year, the number of Americans drowning in medical debt has continued to soar. The problem is so enormous that according to most estimates, medical debt […]
Many Americans mistakenly believe that once a debt’s statute of limitations expires, they’re off the hook. However, it’s not quite that simple. There are many factors at play that determine when the statute passes, and you may have inadvertently reset the clock on your debt without even knowing it. Furthermore, there are other consequences that […]
Until recently, New York had one of the longest statutes of limitations on debt in the United States–up to six years. However, thanks to a new law designed to protect consumers, that has changed. Even with the new law, however, debt collectors still have a vast array of scare tactics, coercive methods, and loopholes in […]
Collection agencies ruin your day every time they contact you. Within minutes, they can sink your credit score by reporting to the credit bureaus that you have an open collections account, then hold it over your head until you pay up. Thankfully, the best credit repair companies in New York can help fix your credit […]
Everyone has missed a payment at least once in their lives. Something urgent comes up and they completely forget until days or weeks later when they receive an email, phone call, or letter informing them of late charges. Sometimes, it goes a step further. If you change your phone number or address, maybe those letters […]
With each passing year, medical costs in the United States continue to skyrocket. Medical debt is the number one reason for bankruptcy in the US, and it is an area of an increasing amount of legislation. But what happens if you didn’t pay these medical bills and they’ve gone to collection? There are both federal […]
Although using credit cards wisely is a great way to build your credit, there is such a thing as too many credit cards–especially if they are maxed out with high monthly payments. Sometimes, speaking with qualified credit companies to fix your credit can help in situations like this. No Credit Versus Bad Credit In some […]
When a person falls behind on their credit card bills, concerning things start happening, and they happen fast. Interest rates increase, minimum payments grow, and it’s not uncommon for a person to find themselves quickly overwhelmed. A person in this situation should consider working with professional credit repair companies in Philadelphia, because if these problems […]
Credit cards are perhaps one of the most misunderstood types of credit, even though they are far and away the most common type of credit account. On one hand, they are an excellent way to build your credit score. If used poorly, however, they can wreak havoc when you try to apply for a loan. […]
Many people may have an unshakable belief that debt is a bad thing, but this isn’t true. In fact, taking on small debts and paying them responsibly can positively affect your financial future. Conversely, not paying your debts can have consequences–it all comes down to your credit report and credit score. Sadly, many Americans may […]
Despite the concept of credit not existing formally until the 1970s, credit has a large impact on the lives of every American citizen. Credit is required for nearly every major purchase in your life, such as your ability to secure a mortgage loan, rent a home, or own or lease a vehicle. How can your […]
If you’ve been thinking about working with a credit repair specialist or are looking for ways to improve your credit, you likely know that you can file a dispute to remove outdated or inaccurate items from your credit report. Regularly scouring your reports for these inaccurate, negative items can change your life. How does your […]
You may have just received an intimidating call from a debt collector, or you’re worried you’re about to default on a loan and aren’t sure what will come next. Luckily, it’s possible to work with credit repair services in Philadelphia, Pennsylvania. Reputable credit repair agencies, like The Phenix Group, can connect you with legal and […]
Recently, Americans have shifted over to leasing cars rather than purchasing them to own. According to Statista, about 25% of vehicles were leased in 2021, which is an increase from previous years. Leasing a car can be a more economical option for many, but can it help improve your credit score or build your credit? […]
Generally speaking, your debt doesn’t ‘expire’ or disappear until it’s paid. However, in many states, there is a time limit on how long creditors and debt collectors can utilize legal action to collect a debt. This is where working with credit repair attorneys can help. Credit companies do more than fix credit, they can help […]
If you’re working with a credit repair specialist, you may be aware that they often have relationships with attorneys who can help them repair your credit in ways you might not be able to do on your own. You may not think they’re necessary, but we can assure you that there are times when they […]
Having good business credit is important if you want to take out a loan or apply for a credit card. Both of these tools can help your business grow, but if you don’t have a pristine credit history, they might not be so easy to get. If you want to know how to get a […]
People take out loans for all different kinds of reasons–perhaps you’re running your own business, or maybe you need to pay off a debt at a lower interest rate. The process of taking out a loan is pretty simple unless you have bad credit. You may want to work with credit repair companies to get […]
Loans, credit cards, and other forms of financing are all useful tools to help you get extra money in a pinch–as long as you can pay them off as per the terms of the financing agreements. Credit bureaus create scores to determine your trustworthiness as a borrower. If you’ve ever looked into how to get […]
Whether you’re new to having debt or you could use a credit cleanup, building a solid credit score is important. There are several ways to do this, and there are even credit repair programs that can help if the process leaves you feeling overwhelmed. If you’re just starting to build credit, you likely don’t have […]
The importance of a strong credit score cannot be underestimated in the modern day. From climbing the property ladder to buying a new car, if you are able to manage and repay credit effectively, you will be eligible for a range of credit options. If your overall credit management is poor, this will negatively impact […]
A good credit score is key when it comes to financial wellbeing. For example, when we apply for credit through loans, mortgages, or credit cards, the process will be much much easier if you have a positive credit score behind you. Lenders will check this immediately to assess your ability to pay back any credit. […]
A credit score is essentially a grade we are given which informs potential lenders about our reliability as a debtor, and the score is typically between 300 and 850. A score that exceeds 700 is seen to be reliable and in good-standing, and anything higher than 800 is considered excellent. However, a score below 600 […]
People often don’t get enough information about building and maintaining credit, which has made it difficult for today’s adults to maintain good financial standing. People are riddled with questions like: “Does checking my credit score lower it?” “Does paying rent build credit?” “How do I repair my low credit score?” Getting an auto loan is […]
Payment history is one of the most important factors in determining your credit score. When you pay your bills on time, you demonstrate that you are responsible with credit–this includes paying your rent on time. While paying your rent on time won’t directly affect your credit score, there are ways to use your rent payments […]
Whenever a person undergoes a credit inquiry or check, they need to share information regarding their creditworthiness–that is, their ability to manage and pay back debt. But how does one prove their creditworthiness? That’s where credit references come in. In this guide, we’ve covered all you need to know about credit references, including what they […]
As a debtor in New York or across the US, you can easily avoid the wrath of debt collectors by repaying your debt. This involves working with a reputable, well-established company that offers effective credit solutions. You also need to familiarize yourself with the latest New York debt collection laws, or those relevant to your […]
Creditors and debt collectors in New York are guided by regulations stipulated in federal laws as well as New York’s own debt collection state laws. As a debtor, you have to familiarize yourself with these laws to know your rights and learn how to avoid collections. Debt collection can be both embarrassing and stressful, especially […]
It’s more beneficial to deal with the original creditor of your debt as opposed to a debt collector because the original creditor can listen to you and is willing to restructure your debt repayment schedule to suit your current financial situation. Debt collectors, on the other hand, are out to collect their dues in whatever […]
Credit reports show a person’s financial actions and choices over time. Compiled by major agencies such as Experian, TransUnion, and Equifax, these reports influence securing a mortgage or car loan and even rental and job opportunities. They function as financial report cards, providing lenders, landlords, and sometimes employers a lens into one’s monetary responsibility. However, […]
In the world of business, credit is a valuable asset. It’s more than just a tool for managing cash flow or fueling growth; it’s a cornerstone of your company’s financial health. A good business credit score can open doors to better financing options, lower interest rates, and stronger relationships with suppliers. But what exactly is […]
Wage garnishment is a legal procedure where a portion of your earnings is withheld by your employer and paid directly to a creditor to satisfy a debt. While you can enlist credit companies to fix credit and errors by sending a credit dispute letter, they cannot prevent or halt legitimate wage garnishments. Let’s discuss wage […]
Credit scores help lenders figure out if you qualify for the best credit cards, such as those with the lowest interest rates, favorable terms, and reduced fees. While credit scores have been on the rise since 2019, with the average credit score now being 714, more than 37% of Americans have a score less than […]
A ‘fair’ credit score is an average score, with a fair FICO score being in the range of 580 to 669, and a fair VantageScore score in the range of 601 to 660. Having an average score means that you will qualify for most financial products. However, you might face issues getting the best terms […]
Credit repair fees can vary significantly in regards to someone’s current credit score and how many issues may be present on their credit report. Luckily, reputable credit repair companies like The Phenix Group offer free credit reports and consultations so that you can be sure you’re getting the guidance you need ahead of time. In […]
More than 77% of Americans over the age of eighteen have at least one credit card. Unfortunately, 54% of adults never check their credit scores. This puts them at an increased risk of fraud and identity theft–and many end up wondering how much a credit repair lawyer costs. The good thing is, you get three […]
As you look into how to fix a bad credit score, you may be wondering whether or not it’s worth hiring a company that helps you raise those numbers. Between the credit restoration cost, the company’s reputation, and the type of work they’re able to do, you have a lot to think about. Here is […]
If you’re reading this, you’re probably looking to repair your bad credit. When you’re already in a subpar financial situation, it can be difficult to justify shelling out money to fix it. In fact, your first question is probably, “How much do credit repair companies charge?” Today, we’ll answer this burning question, as well as […]
You won’t need to wait too long before your credit-building efforts pay off. Most likely, you probably had your first credit score around six months after getting your first credit card or loan. That said, building good credit takes a bit longer, because you need to allow time for your account age to grow. If […]
By now, you may have heard about Afterpay or seen it advertised at your favorite store’s online checkout. This ‘buy now, pay later’ program lets you pay for your purchases in four interest-free installments instead of all at once. You may be wondering, though, whether or not Afterpay affects your credit. It might–but first, you […]
It’s important to know if refinancing will affect your credit score before you start down this path. With the information in this article, you’ll be able to make an informed decision on whether or not to take this step to change your finances. What Doesn’t Affect Your Credit Score? Not every financial decision you make […]
When requesting an insurance quote, the insurance company usually checks your credit as part of its assessment process. This is because studies have shown a correlation between credit scores and the likelihood of filing insurance claims. Insurance companies often use this data to help determine insurance premiums. When it comes to understanding your credit score, […]
If you’ve gone through bankruptcy, entering into a reaffirmation agreement can be a way to retain assets–such as your home and car–that are paramount to your life. However, signing such an agreement means you are accepting responsibility for making payments on the underlying loans. It is vital to fully comprehend the terms of the agreement […]
The journey to homeownership is a major life event marked by diligence, perseverance, and strategic decision-making. In addition to acquiring your dream home, mortgage refinancing may offer opportunities after the initial closing that better meet your financial goals. Benefits of Refinancing Your Home Refinancing allows you to restructure your home loan under potentially more favorable […]
A credit score reflects an individual’s financial reliability and creditworthiness. Lenders use this measure to gauge the potential risk involved with lending money to a person. Essentially, a higher score often equates to lower risk, leading to more favorable lending terms, such as lower interest rates and higher loan amounts. Credit scores range from 300 […]
Financial mishaps can happen to any of us. An unexpected job loss, medical bills, or even a poorly managed credit card can lead to a tarnished credit score. Another risk is the potential for identity theft. If this happens to you, locking your credit (also known as a ‘credit freeze’) won’t improve your credit score, […]
A student loan is part of your credit report, and therefore, it will directly affect your credit score. It’s an installment loan, the same as a mortgage, personal loan, and car loan. Therefore, it has a direct bearing on the length of your credit history, credit mix, credit payment history, and other factors that determine […]
Your credit score dropped after a dispute because the dispute caused certain changes to your credit report. How much these changes affect your credit score depends on the kind of dispute you have and the outcome. Fortunately, you can minimize the adverse effect of a credit dispute on your credit score by working with the […]
By establishing business credit, you are setting yourself up for success. Business credit protects your personal credit, helps you secure competitive loans, and can even help you attain better insurance rates. In this article, we’ll explain what exactly a business credit score is, the ways you can check it, and resources for the best credit […]
Yes, you can use a credit card at an ATM to withdraw cash, but it might not be your best solution. There are more disadvantages than benefits to withdrawing cash from your credit card that can impact your credit and cost you more in the long-run. If you’re in a situation like this, you may […]
In this economy, we all have had our fair share of tough times–but what’s not fair is believing your current credit score will stick with you for the rest of your life. There are organizations and services that can help you repair your credit and clean up your credit report. The benefits greatly outweigh the […]
Closing your credit card can have a devastating effect on your credit score, depending on the prevailing circumstances. It’ll most likely lower your credit score, even if you’re no longer using the card. So, if you’re planning to close your credit card account, take a moment to learn how it’ll affect your credit score and […]
You can’t pay your credit card balance directly with another credit card. However, you can clear your credit card bills using other options like balance transfer and cash advance. These options allow you to access funds that you can use to pay your credit card balance. This article will help you to understand the most […]
Credit enables you to access the much-needed finances upfront to buy goods or services and repay them within an agreeable period with interest. To get credit, you need to be credit-worthy. Your creditworthiness is determined by your ability to repay your loans. Lenders will gauge your creditworthiness using your credit score and credit report. So, […]
Once you’ve been a victim of identity fraud, one way to help remedy the situation is to work with a top credit repair company like The Phenix Group. Alternatively, you can help to prevent identity fraud altogether by placing a fraud alert on your credit report. Fraud Alert Versus Credit Freeze A credit fraud alert […]
For those with bad credit or no credit, getting approved for a credit card can be a daunting task. In some ways, no credit can be worse than bad credit–someone with bad credit has a visible history that can be examined and explained. Similarly, those with bad credit can turn to credit restorers to help […]
Having less-than-stellar credit can affect many aspects of your life, from how much interest you pay to being outright denied any form of credit whatsoever. Many people with bad credit find themselves in a situation where they can’t get approved for a new credit card. Because getting a credit card and being responsible with it […]
In the late 1800s and early 1900s, America was a booming economy with millions of immigrants arriving from all over the world. These people would go on to help establish small towns all over the United States, but establishing towns requires a great deal of investment. In order to facilitate economic growth and trade, local […]
Simply miss a couple of credit card payments or fall behind on your mortgage, and your credit score will fall faster than a skydiver. Getting those credit scores back up, however, is a time-consuming process that can take years if you don’t know the ins and outs of the system. Although the fastest way to […]
They say the only two certainties in life are death and taxes. The IRS does it’s best to make sure you pay the latter. However, for a variety of reasons, many people end up owing the IRS money. Whether a person forgot to move a decimal when reporting their income, or they’ve avoided filing entirely, […]
Many people who’ve had to turn over their car to the bank or dealership because they were unable to make their payments believe that giving the car back is the end of the story. Sadly, surrendering the car does not mean that a person is free and clear—the consequences of this act may remain on […]
A judgment is a very serious matter that should not be ignored. It has wide-ranging effects, not just on your everyday life, but on your credit report, as well. It may bar you from being approved for a loan, and it can make many creditors wary of doing business with you, depending on the nature […]
A voluntary repossession is when you agree to return your car to the lender. This can often be the last option you have when you are unable to make car payments or if you’re going into bankruptcy. Of course, parting with your vehicle is never an easy choice, and it’s important to consider the pros […]
You can end up in serious financial difficulties if your debt goes into collections. While the initial matter of concern is obviously to pay off the debt, having collections on your credit report can damage your credit score in the long run, as well. If you want to protect yourself from such a situation, read […]
Consumers lost more than $8.8 billion to card scams and identity theft in 2022, 30% more than 2021. While credit fraud can be proven and its consequences reversed, it can take months to do so, especially if the consumer struggling with it doesn’t know what to do. However, working with credit repair companies can help. […]
Regardless of if you agree with America’s for-profit healthcare system, the cost of healthcare in the United States has skyrocketed in recent decades. This has left many who visit the ER for a simple procedure saddled with potentially thousands of dollars in medical debt. The process typically starts at the billing desk at the hospital […]
If you’ve ever applied for insurance, an apartment rental, gotten a cell phone on contract, or been hired by a company and given them your social security number, there is a decent chance they examined your credit report. This includes applying for loans or a mortgage. All of the above circumstances are known as hard […]
Credit utilization defines the amount of credit currently in use compared to the total credit available. It is one of the essential elements used to figure out someone’s credit score. It plays a significant role in determining if a person is eligible for additional loans or other forms of credit. Credit repair services in Houston […]
A good credit score is essential if you want to have access to credit—such as credit cards, loans, and mortgages—now or in the future. A high credit score will also ensure that you get better interest rates and terms when taking out credit. Credit reports contain information about past borrowing and payment behavior, and creditors […]
A positive personal credit report is crucial when trying to gain access to new opportunities such as loans, credit lines, and rentals that can improve your current situation. Therefore, it’s imperative that it remains in good standing and accurate. However, sometimes our credit report can include inquiries for credit, which can be damaging to a […]
Getting behind on payments can happen to anyone, and once it starts, it can feel like there’s no end in sight. Watching your credit card build up to a place where you’re not able to make payments can lead to falling behind on bills, becoming extremely overwhelming–this can lead to a charge-off. A charge-off can […]
Being overwhelmed with debt can be stressful, but it doesn’t mean there’s no hope for financial success. There are multiple things you can do to tackle debt and simultaneously increase your credit score. Because there are many factors at play when you’re trying to build your credit score, utilizing a financial advisor or the best […]
If you’re combing through your credit reports to clean them up, you’re likely checking for inaccuracies. All the best credit repair services in Houston recommend reviewing your credit reports annually so you can dispute outdated or inaccurate information. But what happens if you have late payments on your report that are accurate, and how long […]
A late payment is any payment made after the date due, which often results in a negative mark against your credit score. Most bills, such as credit card payments, auto loans, and mortgages, give you a grace period after the due date. However, this grace period (and its existence) varies from institution to institution. But, […]
Checking your credit can feel like a slippery slope. You’ve probably heard checking your credit score can lower it, and you might not even know what items are included on your credit score. Maybe it all felt so intimidating, you chose to ignore it altogether. Now, you’re looking to make a big purchase—apply for that […]
Credit repair and credit counseling services share the goal of helping you manage and improve your credit. At a glance, they seem like rephrasing the same services, but each has a distinctive approach to how they help you repair your credit scores. The Phenix Group offers the best credit repair in Houston. This includes credit […]
Have you been receiving calls from LVNV Funding and aren’t sure why? LVNV is a debt collection company that specializes in purchasing debts from other companies and attempting to collect the debts for a profit. They may have called and offered something known in the credit reporting and collections industry as “Pay for Delete.” This […]
If you’re applying for a loan, combining finances with your partner, or taking any major step in life, your credit matters. Sometimes, though, our credit scores can get in the way of you achieving that next milestone. Rather than put your head in the sand and hope it improves on its own, you can actually […]
Autopay is a convenient system that automatically deducts subscription services from your credit card or bank account. Not all auto pays are the same, however—some are billed weekly, monthly, annually, or even every few years. Keeping track of these auto pays can be difficult, and it’s easy to find yourself in a situation where you […]
Are you getting calls from a company called Credence? If you are, you should know their full name is Credence Resource Management and they are a collections agency based out of Dallas, Texas. Like most collectors, Credence is contacting you regarding a debt that you allegedly owe. Even though you may have never borrowed money […]
There are many ways to improve your credit score by working with credit repair companies in Atlanta, but when it comes to the world of credit reports and credit scores, there are a lot of companies out there promising the moon. There are a variety of different ways a person can build credit and improve […]
From time to time, everyone forgets to pay a bill. You may have had autopay set up on a card that got hacked and had to be replaced, or you moved and forgot to update addresses with all of your creditors. Whatever the reason, you’ve now begun receiving calls from a collections agency. Be it […]
Credit repair is a procedure in which an individual has the power to hire a specific company to support them in building a credit repair plan. This can include the company reviewing the individual’s credit reports and initiating the removal of any inaccurate information from the reports. Specifically, this is the act of restoring or […]
Receiving a phone call from a debt collector can be stressful. Debt collectors often utilize aggressive tactics to encourage borrowers to settle a debt, when the borrower may not even be aware of the debt in the first place. They can also utilize tactics to compel users to respond without verifying the debt in question. […]
Keeping a solid credit score is essential for anyone applying for a loan. By making regular payments on debts incurred or monies loaned, you can build strong credit or improve existing credit. When you are working to build strong credit, you need to know what information will and won’t appear on your credit report. Need […]
If an individual does not have any credit history or has credit that has been damaged, qualifying for a credit card or a loan can be a difficult procedure. Credit-build loans enable customers to build credit or rebuild their existing credit without spending any money upfront. Self Lender, also known as ‘Self,’ is an online […]
Many people will find themselves in a tough financial situation, or they might simply just forget about a specific debt that they might owe. When a bill or debt goes unpaid for a prolonged period of time, it can be sent to a collections agency. Collection debts can damage credit scores. However, they can be […]
If you fail to make a loan repayment on time and it’s been thirty days past the due date, the lender can report late payments to the credit bureaus. This can lead to a massive drop of 180 points from your credit score, making you run for the best credit repair companies in Houston. What’s […]
Building and maintaining good credit is essential for any business to thrive. It can help you access financing on favorable terms, build a trustworthy reputation, and gain new business opportunities. However, business is risky. Even through no fault of your own, you may end up with bad credit. For instance, clients may bail on payments, […]
If you’re looking to raise your credit score, paying bills on time is a no-brainer. But if you’re struggling with bad credit because of unavoidable work-life issues, Experian Boost can help you easily and quickly improve your FICO score. Since its launch, more than 60% of people who’ve participated in the Experian Boost program have […]
Having a good credit score is critical for nearly every aspect of modern life. Credit scores influence your ability to secure a loan, get a job, buy a car, and even rent an apartment. However, individuals sometimes face financial difficulties, which can lower their credit scores, and require professional assistance with credit repair in Atlanta. […]
Removing collections can be time-consuming and stressful, especially if you try to educate yourself about the nuances of this complicated process. We all know that unpaid debts can get out of control quickly and can negatively affect your credit score. If this happens, it can be difficult to obtain credit cards, loans, or benefits from […]
Today, credit scores are a major factor in everyone’s financial well-being. Those applying for loans or renting an apartment need to make sure their credit rating is good enough to qualify. Unfortunately, debts are a major factor that can negatively affect a person’s credit score. As a result, some consumers need credit repair services in […]
Over the years, there have been many controversies about debt collection practices in the U.S. Midland Credit Management (MCM). MCM is one of the largest collection agencies in the country and has seen its fair share of headlines. Like other debt collectors, MCM came under fire for helping consumers remove debts from their credit reports […]
Credit and debt are two fundamental aspects of money management. These concepts apply to individuals in their everyday lives as well as to the overall economy. Credit refers to an individual’s or an entity’s ability to borrow and repay a loan, whereas debt is the amount a debtor owes lenders. High amounts of debt can […]
Revolving credit, like most credit cards, is a loan that allows consumers to borrow money up to a certain limit based on their creditworthiness. This borrowed amount can be used for any purpose and minimum monthly payments are required. El Paso credit repair services generally recommend using revolving credit responsibly to avoid damaging your credit […]
When you take out a loan, how it is reported can affect your credit score. Two of the largest companies in the finance world are Affirm and Experian. That said, it’s not always clear what they do and how they interrelate with each. Here we explore these two companies to better understand their role in […]
If you need additional help in managing or repairing your credit, there are credit repair services in El Paso, Texas, such as the Phenix Group, that offer services to help individuals seeking financial solutions. How Does a Credit Score Work? A loan score is a numerical rating based on a variety of factors that lenders […]
If you filed for bankruptcy, it can take a long time to restore your credit. If your bankruptcy was dismissed (and not discharged), this may raise a whole slew of new questions. For this reason, it’s important to understand what happens when a bankruptcy filing is dismissed and how it can affect your credit score, […]
If you’ve ever looked at your credit report, you may have noticed an IC System entry. As a consumer, it’s important to understand what this type of entry means and what to do if you find one on your credit report. Keep reading to learn more about this entry and how an attorney-powered El Paso […]
Knowing your rights can help protect yourself from abusive and deceptive practices and potentially avoid paying debts you don’t owe. You need to know if debt collectors garnish wages in Texas, and what lawsuits debt collectors can file. If a debt collector violates your rights under the FDCPA, you may be entitled to take legal […]
If you face debt collection in Texas, you must understand your rights and options. Working with a reputable credit repair company in El Paso, Texas can help you navigate the complexities of debt collection and develop a strategy to address your outstanding debts. In this article, we’ll explore the laws surrounding debt collection in Texas. […]
Debt impacts the majority of the U.S. population, but few people know that Texas has its own laws regarding debt and debt collection. Texas has a unique statute of limitations compared to other states. The statute of limitations puts a ceiling on the timeframe a creditor or debt collector has to take legal action against […]
A good credit score is essential for obtaining loans, credit cards, and even renting an apartment. But maintaining good credit can be challenging, especially when facing debt collection. Debt collection is a process in which a creditor attempts to recover unpaid debts from a debtor. In Texas, debt collection is regulated by the Texas Debt […]
Building credit can be frustrating, especially when you’re just starting out. You can’t get credit because you don’t have a credit history, but you can’t build your credit history because you don’t have credit! Fortunately, there are ways to get out of this limbo, like getting help from credit repair companies in Atlanta like The […]
Dealing with debt is a stressful endeavor. From rising interest rates to active CCS collections, it might seem like it’ll be impossible to get your financial freedom back–but there are ways to make it more manageable, especially when you seek help from credit repair services in Georgia. Two of these are debt consolidation and credit […]
Nobody likes being in debt. This is why it’s encouraged to keep on top of your finances, using tools like a self-credit builder to raise your credit score or considering debt consolidation versus credit card refinancing if you need to manage your dues better. But the reality is that we sometimes find ourselves unable to […]
Understanding your credit score is essential if you want to improve your financial situation. A credit score is a numerical representation of your creditworthiness, and key in determining your eligibility for credit, loans, and even some employment opportunities. A high credit score can unlock financial freedom, while a low credit score can lead to a […]
Building a good credit score isn’t easy. In fact, it can take years. Thankfully, there is a simple way to build credit and that’s by utilizing credit cards responsibly. In fact, there are several ways to help take advantage of credit when it comes to boosting your credit score. Another way to boost your score […]
As shocking as it may sound, it’s entirely possible that millions of Americans have credit card accounts they didn’t even know existed. If you’ve ever signed up for a no-interest financing offer from a major retailer, it’s possible you still have an active credit account being reported to the credit bureaus every month. In many […]
Applying for a loan is stressful enough as it is, but what happens if you’re denied? A key reason may be your credit score. Sadly, for many Americans, the first time they actually learn their credit score is when they are denied a loan. Obviously, for those looking towards a secure financial future, the first […]
Nothing is worse than missing out on the house of your dreams simply because of a poor credit score. In fact, the poor credit score may not even be your fault and could be the result of inaccuracies on your credit report. In situations like this, working with the best credit repair company in El […]
A lower credit score means paying substantially higher interest rates or getting denied when applying for loans. While genuinely missed payments can only be overcome slowly by continuing to make timely payments, inaccuracies on credit reports are common and have a simple solution. This is where reputable credit repair companies in El Paso, Texas can […]
Maintaining a healthy balance between using a credit card and paying off debt is key to good financial management, but what if you fail in this endeavor? Can a credit card company sue you? Can San Diego credit repair companies help? Legal Action for Non-Payment of Debts A credit card company can sue you if […]
San Diego credit repair companies can provide industry guidance on any questions you may have about how your score will be viewed by lenders and what you can do to improve it. What Is a Credit Score, and How Is It Calculated? A credit score is a three-digit number between 300 and 850 that lenders […]
Credit scores are used by lenders to make decisions when approving or rejecting mortgage applications–this is when credit repair companies near San Diego, California can come in handy. What Is a Credit Score? A credit score is a three-digit number between 300 and 850 that lenders use to assess your financial health. It’s based on […]
Your credit score can have a very significant impact on financial aspects of your life, from how much credit score affects car insurance in California to the lending conditions you might be offered when purchasing your first property. Because credit scores can make the difference between financial comfort or financial struggle, you can freeze your […]
Some insurance companies will also take into account your credit history when giving you a quote for car insurance–this is commonplace in some areas and not so much in others. Regardless of where you live, it’s important to understand how and why this is done, and whether San Diego credit solutions might be needed to […]
Additionally, we’ll talk about how credit repair services in California can help get inaccurate or old debts removed from your credit report. What Is the Statute of Limitations on Debt in California? Before we begin, let’s clarify exactly what the statute of limitations can and cannot do for you regarding your old debts. The statute […]
This can be because of greed, or because collection agencies know that there is a statute of limitations on debt in California. Today, let’s discuss how debt collection companies such as Professional Credit Services work, what they aren’t allowed to do, and your rights as a consumer. Lastly, we’ll discuss how a credit repair attorney […]
Below, we’ll explain the laws surrounding debt collection and the harassment of debtors, and we’ll discuss how working with credit repair companies near San Diego, California can help you remove inaccuracies on your credit report and educate you on your options when it comes to maintaining a good credit score. Federal Debt Collection Laws While […]
Below, we’ll discuss these laws and some provisions of a new law passed in 2022 designed to help protect people from unfair medical debt collection practices. We’ll also explain how top credit repair companies like The Phenix Group can help repair your credit by removing inaccuracies. The Fair Debt Collection Practices Act Also known as […]
Below, we’ll explain California and federal laws regarding debt collection practices as well as ways you can improve your credit score by working with a legitimate credit repair company to correct mistakes and inaccuracies in your credit report. U.S. Federal Law: FDCPA The Fair Debt Collection Practices Act (FDCPA) is the primary federal law that […]
If you get in trouble, you can hire the best credit repair company in San Diego, but before things get that far, let’s discuss when you can sue a debt collector and when you can’t. What Are Debt Collectors Not Allowed to Do? The FDCPA has outlined several acts that are considered to be unfair, […]
If this happens, you may need the help of credit repair companies, but before it gets to that point, it’s smart to educate yourself. In this article, we’ll take a closer look at the processes surrounding collection agencies and how long it takes for them to report to credit bureaus. How Long Does It Take […]
There are different ways to improve your credit score, and a company that specializes in credit repair in San Diego, California, like The Phenix Group, can help you explore your options. One great way to build credit is by taking out a personal loan as it can improve your credit mix and allow you to […]
Will Disputing My Debt Restart the Statute of Limitations? Yes, disputing your debt can restart the statute of limitations. Disputing a debt means that you accept its existence but believe it’s inaccurate and would like the debt collector to prove it’s accurate. It is important to note that disputing a debt does not mean you […]
When a repo occurs, it can stay on your credit report for as long as seven years. However, with the proper steps taken, you can bounce back from such an unfortunate event and get your credit score back on track. In this article, we’ll explain how a repo affects your credit, how to fix credit […]
When you make big steps in life, your credit counts. If you are struggling with a low credit score, you can get some help with credit repair in El Paso, Texas. Credit repair services scrutinize complicated financial documents and records to discover what you may miss. For example, fraudulent hard inquiries are more common than […]
Good credit is necessary for any major purchases and investments, such as cars and homes, and credit repair services are part of a financial specialty that was created to help individuals struggling with their credit. With the increase in people taking out loans and credit cards to fund their housing, education, and other expenses, understanding […]
Once you go above 669, you’re in a pretty good spot. If you are below that 580 mark, don’t despair—with our guidance and the best credit repair in El Paso, we can help you qualify for an apartment. Is it Possible to Rent With Bad Credit? You can definitely still rent a home with poor […]
Because of this, you may want to hire a Chicago credit repair consultant to help you manage your debt and protect you against unfair and illegal collection efforts. If a debt collector violates the FDCPA, they can be held liable for any damages they cause. The following are some of the prohibited practices that debt collectors are […]
Having too many installment accounts could indicate that you are overextending yourself financially. It could also mean that the lender will be taking too much risk if they lend more money to you. The more accounts you have, the higher your credit utilization ratio will be, which can negatively affect your score. If you see […]
Many people think they can remove negative information from their credit reports if they want to improve their credit scores; however, this is not always the case, and you may want to consider looking into credit repair companies in Illinois to help you clear up any blemishes on your report. What Can’t Be Disputed No matter how […]
Late payments can stay on your credit report for up to seven years, negatively affecting your credit score–in this case, you may need the help of credit repair companies in Illinois. Reasons Why Payday Loans Can Lower Your Credit Score Delayed Payment on the Loan When you accept a payday loan, it is important to make […]
Pre-approvals almost lift off all the strict rules and regulations that accompany financial loans, and can even help you avoid a run-in with Creditors Bureau USA collections. At the same time, pre-approvals often require a hard inquiry, which can damage your credit score. This can make seeking pre-approval with a hard inquiry counter-productive, which is […]
Just as it’s important to know if you can get pre-approved without a hard inquiry, it’s important to understand Creditors Bureau USA collections. Of course, when you need help navigating communication from collection agencies, Chicago credit repair services can help significantly. What Is Creditors Bureau USA? Creditors Bureau USA is a collections agency (also known as a […]
Similarly to the question of whether a pre-approval affects credit scores, whether or not to reaffirm a mortgage is a debate frequently misunderstood by the public. The fact is, if you don’t reaffirm your mortgage, it may become difficult to repair your credit score post-bankruptcy, and you may need help from the best credit repair services […]
And just like you would seek help if you have disputed collections come back, it’s important to utilize the best Illinois credit services from The Phenix Group when you need help with pre-approval. What Is Mortgage Pre-Approval? Mortgage pre-approval involves a detailed review of your finances by a loan officer at the lending institution you visit. Depending […]
Credit files can be tricky. It’s not always clear how long payday loans stay on your credit file, and sometimes deleted items can reappear. Keep reading to find out why this might happen and why you should use credit repair services in Chicago if it does. What Is a Credit Report Dispute? A credit report dispute happens […]
As one of the top credit repair companies in Chicago. New, tougher Illinois credit repair laws came into force in 2021, which effectively ban payday loans with excessively high-interest rates–but even a loan from several years ago could cause problems with your credit score. Can disputed collections come back into play? Yes, the statute of limitations […]
If you have experienced credit issues or are worried about your financial position, the best Chicago credit repair advisors will ensure you are fully informed about what is and isn’t legal. There are several regulations and requirements related to credit scoring, including the Illinois Employee Credit Privacy Act. What Information Is Included in My Credit […]
The Illinois credit repair laws and legislation around accessing credit information extend beyond the federal laws and those applied in many other states. If you are in any doubt about whether your credit information has been used illegally or are worried about your credit file impacting your employment prospects, be sure to get in touch […]
They must follow several rules and regulations, including the Illinois Employee Credit Privacy Act, the Illinois Collection Agency Act, and the Fair Debt Collection Practices Act. If you are concerned about being pursued by a collection agency, please contact the Chicago, Illinois credit repair team at The Phenix Group for more advice. Rules for Illinois Collection Agencies […]
Below, we’ve further covered the credit restoration process and explained common credit report errors as well why you should consider contacting a credit repair attorney in San Diego. ‘Credit restoration’ refers to reviewing your credit report, pinpointing errors, and sending dispute letters to rectify those errors. Credit restorations are also performed to remove accurate but negative […]
The Phenix Group specializes in credit repair in Chicago and can provide further guidance–whether you are unsure whether you have an aged debt that remains payable or need credit dispute letters that work–and preclude a debt collector from chasing a repayment. When Do Different Types of Debt Become Uncollectible? Creditors can chase borrowers to try and […]
Here, we’ve enclosed some easy ways of fixing bad credit scores as well as why it’s important to consider hiring one of top credit repair companies in San Diego if you need help in doing so. Why Improve Your Credit Score? Before we dive into how you can fix your credit score, let’s discuss why you should […]
Debt Collectors Must Be Licensed The new law requires all consumer debt collectors to be licensed with the California Department of Financial Protection and Innovation (DFPI). The law also prohibits unlicensed consumer debt collectors from doing business in California. Some exemptions to this new licensing requirement include those debt collectors licensed under the student loan […]
In a survey conducted by OppLoans, 46% of millennials said they felt “held back by” their credit scores. Whether you are trying to stop an account from going to collections or straighten out mistakes on your credit report for your next venture, it’s essential to understand the process of a credit dispute. A credit dispute typically takes […]
Enlisting the help of a credit repair group can help you navigate your finances and keep you on track. Financial hardship can be distressing and overwhelming if you are not well-versed in the complex system of collections and credit–luckily, credit repair services in Miami, such as The Phenix Group, can help you manage your accounts and […]
One of the biggest questions you may have is whether or not applying for a payday loan will create a hard inquiry on your credit report or if you should seek out the services of fast credit repair in Chicago. Payday loans do not result in a hard inquiry on your credit report. This type of […]
If the debt goes unpaid after two weeks, your credit can be impacted, and you will want to speak with a specialist for credit repair in Miami, Florida, such as The Phenix Group. Why Staying Current Is So Important While taking out a payday loan does not impact your credit, falling into delinquency does. If you […]
If your IRS debt is already affecting your credit score, you need to work with the best Miami credit repair company to improve your rating. Fortunately, a company like The Phenix Group understands the most effective credit repair processes to help you get out of bad credit. If you choose the right credit repair company, it’ll help […]
But with the right Miami, Florida credit repair company on your side, you can get the creditor to remove collection reports from your credit profile. If your creditor doesn’t remove collections from your credit score, you’ll have a hard time getting your loan applications approved. Can you be denied a loan after pre-approval? Yes–and this is another factor […]
These agencies then collect the debts from debtors. In short, they’re third-party debt collectors and one of the most effective speedy cash collections. If you don’t know how to handle a debt recovery agency when they’re collecting debt from you, seek advice from a reliable credit repair company in Miami, Florida, like The Phenix Group. We will […]
Speedy cash collections are part of the fair debt collection practices act statute of limitations. Because numerous factors could prevent your customers from making payments and repaying their debts promptly, every business needs to have effective ways of collecting its payments as punctually as possible. This article offers you different ways of speeding up cash collection […]
We’ll also discuss how the state of Florida takes this one step further with the FCCPA—the Florida Consumer Collection Practices Act—and how working with reputable credit repair services in Miamican help you get inaccurate items removed from your credit report. What Does the FDCPA Do? The FDCPA protects American consumers from unfair debt collection practices by […]
In this article, we’ll discuss how you can obtain a credit report in the state of Florida; we’ll also talk about who manages credit reports and how scores are calculated. Lastly, we’ll mention how working with a qualified credit repair company in Miami Lakes can help with removing inaccurate items from your credit report. Who Manages Credit […]
Below, we’ll talk about how the debt collection process works, when debts can be collected, and how long they stay on your credit report. Lastly, we’ll talk about how credit repair companies in Miami, Floridacan help remove inaccurate items from your credit report so that you can get approved for the loans you need. How Does […]
Below, we’ll discuss the world of credit reports and scores, how to maintain a good score, and how you can work with the best credit repair companies in Miamito get inaccuracies removed from your credit report. Who Creates Credit Reports? In the United States, there are three primary credit reporting agencies–they are known as Equifax, Transunion, […]
Read on as we discuss what the FCCPA does for Florida residents, the protections it offers, and how it differs from the FDCPA. We’ll also dive into how credit repair companies in Miami can help you get erroneous information removed from your credit report so that you can get approved for the loans you need. FDCPA Versus […]
No one ever wants to be in debt, but it happens–especially if you don’t have Illinois credit services like The Phenix Group helping you stay on top of your finances. Soon enough, debt collection agencies will be on your tail. And while you may feel helpless once you get calls from these collectors, you must remember that […]
Debt collectors can go to various lengths to get you to pay for your unpaid dues, but it’s important to remember that you have rights under the FDCPA and other Illinois debt collection laws that protect you from unfair and aggressive collection practices. Common violations of the FDCPA include excessive communication, misrepresentation, and the sharing of debt […]
No one enjoys calls from the Enhanced Recovery Company (ERC). These conversations can be stressful and have you worried about what you should not say to debt collectors. But if you’re sure that they don’t have a legitimate debt to hold over you, then you can easily make these communications stop, especially if they’re already violating […]
What Should You Not Say to Debt Collectors? Having a debt collector on your tail can be scary, and your first instinct might be to hide or ignore them when they get in touch with you. But the best way to face debt collectors-like ERC debt collections-is head-on. You shouldn’t have anything to fear if you […]
Florida Debt Collection Laws: Simplified Debt isn’t uncommon, and many people can remedy the effect it has on their credit score through a company like the Phenix Group that helps with credit repair in Miami Beach. But while we’re settling what we owe, many of us might find ourselves on the radar of creditors and debt […]
However, you still need to know how to rebuild your credit score fast if you have ever missed a couple of payments. If you’re in this position, you probably also need to determine whether you need a credit card to build credit. You can also find different rates online depending on the mortgage program you are looking for. […]
For those who don’t want or can’t get a credit card, it’s a good idea to know how to rebuild credit without a credit card. Most financial experts state that credit cards can be pretty useful, but just because you can doesn’t necessarily mean that you should. How Credit Cards Help There is no denying you […]