Get in touch to start repairing your score today!
WHAT YOU GAIN FROM CREDIT REPAIR in Colorado Springs
We know you’re yearning to hit the slopes and enjoy a little outdoor adventure. But before you can sit back and relax, you need to find a reputable credit repair Colorado Springs company to help straighten out your financial picture. At The Phenix Group we work on your behalf to dispute reporting errors and clear up incorrect information on your credit report. We work with an independent law firm to help you move towards a healthier credit standing. Our credit repair team is not only highly knowledgeable, but they’re deeply passionate about helping people come up with a personalized strategy that fits their needs and timeframe.
Purchase your first home
Own your dream car
Get a business loan with a low interest rate
How is Credit Calculated?
While everyone is familiar with what a credit score is, many individuals have no clue how it’s actually calculated. Lenders and creditors use a scoring system named FICO® to generate your personal credit score, which ranges from 300 to 850. Why do you even need to worry about your score? Because it communicates to lenders and credit card companies whether or not you fit into the “risky borrower” category. To calculate your score, a number of factors are considered: the length of your credit history, your payment history, the type of credit mix you have, your debt ratio, and accounts you owe money on.
If you have bills piling up every month and you possess a poor credit score, The Phenix Group offers a number of credit repair solutions for Colorado Springs that’ll help you live the life you deserve.
The Credit Condition in Colorado Springs
Colorado Springs may not be an immense cultural or economic hub like Denver, but The Springs has just as much to offer its residents. With a low unemployment rate, an incredibly fair cost of living, and a wide spectrum of entertainment and recreation options, Colorado Springs is booming. The high-quality schools, plethora of parks, and cache of military bases attracts a diverse crowd of individuals. With the quaint downtown and close proximity to Aspen and Vail ski resorts, Little London is a great place to call home. The downside? Residents seem to be struggling to maintain a healthy financial picture. Experian studied 211 metro areas and Colorado Springs’ ranked 94th on this list, with an average credit score of 674. With so much room for improvement, Colorado Springs credit repair can help residents get on the right path and start enjoying all the city has to offer.
The Credit Inside Scoop
People often feel ashamed by a low credit score. They think it means they’re irresponsible or not financially stable. But that couldn’t be further from the truth. Unanticipated medical bills or sudden unemployment can happen to anyone – and of course, lead to financial hardship. Our credit restoration programs are designed to help you achieve financial freedom. Without getting the necessary help, residents of The Springs could be faced with denied loan applications and inflated interested rates (and that certainly isn’t going to help dig you out of a hole).
Common mistakes that 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
- Constantly maxing out credit cards