Los Angeles Residents: Resolve Your Credit Problems Today
California is not only the most populated state in the U.S., with nearly 39 million residents, but its economy is a beacon of strength and significant power for our country. Los Angeles, in particular, is a city of transplants, exploding job growth (thanks to companies like Google, Facebook, and Warner Bros), and countless days of sun-filled weather. With the average rent of a one bedroom apartment at $2,068 and median home price of nearly $800,000, it’s no wonder that footing the bill for such an expensive lifestyle has resulted in LA residents having a low average credit score of 668. Creditors, credit card companies, and lenders use a scoring formula known as FICO® to measure the likelihood that you’ll meet contractual obligations and pay bills in full and on time. To evaluate your credit risk, the FICO® system uses the length of your credit history, debt ratio, payment history, credit mix, new credit, and accounts owed to calculate a score ranging from 300 to 850. For those slathering on sunscreen each day to protect themselves from the hot LA sun, having a poor credit score isn’t something you have to carry with you for the rest of your life. Financial freedom is possible.
The Low-Down on Bad Scores
The Inside Scoop on the Credit Restoration Process
When you have inaccuracies parading across your credit report, employing a credit repair service will help eliminate these errors. Whether a lender made a reporting error or there’s personal information listed incorrectly, The Phenix Group specialists and our team of attorneys will work to remove and amend these items, strengthening your credit score and ushering you towards achieving a healthier financial picture. Our analysts have mastered navigating through consumer-related rules and regulations and will act as your advocate when negotiating with creditors on your behalf.
Common mistakes that will lead to bad scores:
- Habitually late on payments
- Filing for bankruptcy
- Having an account charged off
- Defaulting on a loan
- Closing old lines of credit
LOS ANGELES, HERE’S WHAT YOU’LL GAIN WITH GOOD Scores
Purchase your first home
Own your dream car
Get a business loan with a low interest rate
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Los Angeles Credit Repair
The Phenix Group will collect all three of your credit reports from TransUnion, Equifax, and Experian and analyze the information to sift out errors. Did you know, if your report includes a negative item from a lender who has since gone out of business or been acquired by another company, that the claim can be disputed as unverifiable? This is one of the many professional and ethical solutions our credit specialists use to restore your credit to good standing.