Miami, Florida: How to Improve Your Credit Score
Residents in the Miami metro area, which covers West Palm Beach and Fort Lauderdale, are shouldering some of the highest credit card debt burden among Metropolitan regions in the country, with the average debt-per-consumer clocking in around $6,615. On average, the Miami area’s credit score of 644 is outpacing Florida as a whole, which is averaging a score of 642. Broken down by region, North Miami is averaging a score of 630 and Miami Beach is at 656.
Dubbed “The Magic City,” the Miami Metro area is quickly blossoming into one of the largest hubs for international business. The vibrant and diverse neighborhoods, vast employment opportunities, and breathtaking beaches are contributing to the area’s budding population growth, especially among young Millennial professionals. However, with an average mortgage debt of $197,410 and average student loan debt of $31,062, many Miami residents are struggling to boost their poor credit scores. Regardless of the factors that caused your credit to nosedive, you may feel like digging out of this hole is unattainable.
The reality is, there are many ways to improve your credit score and regain your financial health. Research has shown that nearly 80% of your biggest decisions in life depend upon your credit score. We believe you deserve to live your best life. To help you find financial security and success, we build customized credit repair solutions designed to conquer your toughest challenges.
When Bad Credit Strikes
There’s no denying the thrill of purchasing a new car or finally receiving that stamp of approval for a loan on your new co-op. Your thoughts are most likely preoccupied by visions of road trips or dinner parties with friends and loved ones in your new home, and not only the subsequent bills that will begin making a regular appearance in your mailbox. But with every new purchase or loan, comes the opportunity for creditors to evaluate whether or not you would be able to repay future debts as agreed upon.
Even the most fiscally responsible people wind up hitting a few unforeseen speed-bumps in life. What was once a healthy credit score can take a turn for the worse if you consistently make late payments, default on a loan, fail to pay your bills, or declare bankruptcy. Even seemingly harmless mistakes, such as closing out an old line of credit or being a repeat offender when it comes to maxing out your credit cards, can brand you as a high risk consumer.
These types of slip-ups will have a negative impact on your credit score, making it difficult for you to rent an apartment, get a new car, or receive a loan. Unhealthy credit scores will also cause your insurance premiums to skyrocket, and if you are approved for a loan, it’ll come with elevated rates and stricter contractual obligations.
If these are issues you’ve been facing, our personalized credit repair services can help you establish a better credit score and reclaim control of how you live your life.
How Does the Credit Repair Process Work?
Our specialists can help you create a healthy, handcuff-free financial future. By evaluating your credit, we are able to unmask the specific items that are damaging your credit score. We then build a comprehensive action plan focused on disputing negative items and removing false information to improve your creditworthiness. Our credit analysts and expert attorneys are well-versed in consumer law and will help you reverse poor behaviors, overcome credit-related challenges, and reach your goals in a timely and effective manner.
Migraine-inducing interest rates and receiving declination notice after declination notice when trying to purchase your dream home is why we are so committed to what we do. When you work with us, your goals become our goals, because we are passionate about helping you achieve the lifestyle you always envisioned for yourself.
Common mistakes that will lead to bad credit:
- Habitually late on payments
- Filing for bankruptcy
- Having an account charged off
- Defaulting on a loan
- Closing old lines of credit
MIAMI, HERE’S WHAT YOU’LL GAIN WITH GOOD CREDIT
You don’t have to leave the Lone Star State to improve your credit score. Our unwavering commitment to helping people reverse poor credit and realize financial security has inspired us to design personalized and attorney-based Miami credit repair solutions to help you find success.
Purchase your first home
Own your dream car
Get a business loan with a low interest rate
WHAT OUR CLIENTS
HAVE TO SAY ABOUT US
Miami Credit Repair
While our digital world brings connectivity and better quality of life, it also breeds false advertisements and shady/dishonest online companies. We want to put your mind at ease. As a legally compliant credit repair company, we are able to engage in meaningful work, helping our clients regain financial stability and finally grab hold of the things that were once out of their reach. We treat our clients like family, investing our time in gaining a robust understanding of each person’s unique challenges and goals to create a personalized roadmap for success. From loan consolidation to debt settlement, The Phenix Group has all the resources you need to start improving your credit today.