Blog - The Phenix Group

Mortgages: Pre-Approval vs. Pre-Qualification

Jan 2, 2020 | Financial Tips

Purchasing a home is a big deal. When the time comes, whether it’s your first home or you are moving into a new one, you’re most likely in need of a mortgage. With all of the information available, it can be overwhelming knowing where you’re supposed to start. ...

How to Achieve Financial Freedom in 2020

Dec 15, 2019 | Financial Tips

With a new year and a new decade just right around the corner, have you started thinking about your finances? While you’re setting your new years’ resolutions, it’s essential to take into consideration your financial goals too. Building a financial foundation is...

7 Strategies for Dealing with Debt Collectors

Dec 2, 2019 | Creditors and Collections

You owe money, you’re late on your credit card payments, and you feel like you’re walking around with a permanent stress-induced headache. What’s more, you have debt collectors calling you about the unpaid credit card debt, past-due student loans, and medical bills....

Why Did My Credit Score Go Down & How Can I Fix It?

Nov 15, 2019 | Credit Scores

Have you ever seen that episode of Black Mirror where the number of followers you have on social media determined whether you could purchase a car or be accepted into a prestigious apartment complex? This is essentially how credit scores work. A credit score can...

How Do Banks Control & Monitor Credit Limits?

Nov 1, 2019 | Credit Scores

When your new credit comes in the mail you’re given a paper listing your credit limit. Every so often, if you’re a good borrower, you can increase your credit limit. However, have you ever wondered how this credit limit is even decided? The method used by credit...

Best Credit Score for Buying or Leasing Your Dream Car

Oct 15, 2019 | Credit Scores

Almost everyone needs a car in our daily lives whether to take you to work or to drive your kids to school. In most cities, it is essential to getting from point A to point B. If you don’t have one yet, you might be wondering whether it’s better to lease or buy one...

Credit Cards & Interests Rates: How One Affects The Other

Oct 1, 2019 | Credit Scores

Having good credit and a good credit score is important to your financial well-being and your life. Having credit allows you to purchase things you need, such as homes and automobiles and can even help you get an apartment or a cell phone contract. Your credit history...

Thinking of an Apartment or Home in Austin? Here Are the Credit Scores You Need for Good Terms

Sep 23, 2019 | Credit Scores, Local Credit

So, you’re thinking of buying a home or renting an apartment in the Austin area? Are you moving into Austin and need a place to live? Well, the housing market here is robust, but getting a good deal on an apartment or favorable terms on a home loan depends on having a...

How Your Credit Score Affects Home Loans For The Dallas Housing Market

Sep 15, 2019 | Credit Scores, Local Credit

By now, everyone should know that your credit score plays a crucial role in deciding whether or not you get a home loan and how favorable the terms are to you. Dallas continues to grow, and the job market is booming. In this article, we look at the current state of...

What Do Landlords Look For in a Credit Score?

Sep 9, 2019 | Credit Scores, Financial Tips

Whether you’re applying for a loan or an apartment, at some point, the state of your credit will likely matter. Before entering into a monetary arrangement with a customer, a lot of businesses and business owners will check your credit. As important as your credit...

The Truth About Credit Reports: What Are They & How to Get Them for Free

Sep 1, 2019 | Credit Reports

Having good credit is essential to a healthy financial life and to ensure that you’re able to do things you want to do such as purchase a vehicle or house, or even get a cell phone contract. Many people aren’t aware of what their credit score is, how it’s...

Credit Limits: Can Yours Be Reduced?

Aug 15, 2019 | Credit Scores

Having your credit limit reduced is common and can even happen if you’ve been good with credit and made all your payments on time. When a creditor lowers your credit limit, it can negatively impact your credit score. However, you need to know that there are things you...