The credit condition in Atlanta, Georgia
With all its southern charm, award-winning restaurants, and cultural opportunities, Atlanta has become one of America’s fastest-growing metropolitan cities. The Georgia capital’s flourishing commerce, employment opportunities, and attractions have been luring newcomers to this part of the country in recent years. With all this appeal, however, Atlanta residents are fighting an uphill battle when it comes to their credit scores, sporting an average of 662. According to the credit reporting agency, Experian, Atlanta is one of the top 15 US cities with the highest credit card debt, with locals shouldering an average of $6,907 in owed funds. Credit scores range between 300 and 850 and are calculated by a scoring system known as FICO®. When you have a poor credit score, lenders and creditors will see you as a risky borrower, which could lead to denied loan applications, high interest rates, pricey insurance premiums, and added fees tacked onto your month utility bills. But for Atlanta residents, there’s a solution. The Phenix Group offers personalized credit repair Atlanta solutions to help individuals improve their credit score and financial standing.
How Does Credit ReStoration Work?
The experienced credit analysts at The Phenix Group will examine every aspect of your financial picture, placing an emphasis on your credit report, to help redirect you onto a healthier path. Together with an independent law firm, our specialists will go over your credit reports with a fine-toothed comb to correct and get rid of errors and inaccuracies that are hurting your current credit standing. Because everyone’s goals and challenges are unique, we create personalized programs that are focused on helping you achieve your goals – whether that’s purchasing a new home or scoring some new wheels. Without repairing a bad credit score, you’re vulnerable to setbacks, such as being unable to purchase a house or land a new employment opportunity.
The fallout from Bad Scores
Both intentional and unintentional financial actions are used to determine your credit score and measure the likelihood of you returning borrowed funds. The length of your credit history, lines of credit, the type of credit mix you possess, how often you make on-time payments, and your total debt are factors used to calculate your credit score. Creditors and lenders use your credit report as a predictor of your poor future behaviors, such as continually missing payments or the probability that you’ll default on a loan. Maxing out credit cards and failure to pay your bills will easily send you spiraling into financial hardship, especially if you are someone who lives paycheck to paycheck. The good news is, you’re not alone, and bad credit can happen to anyone for any number of reasons. At the Phenix Group, we work to repair your credit quickly and efficiently, providing you with the resources and financial education you need to improve your credit for the long-haul.
Common mistakes that will lead to needing credit repair:
- Habitually late on payments
- Filing for bankruptcy
- Having an account charged off
- Defaulting on a loan
- Closing old lines of credit
How You’ll Benefit From Credit Repair
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 credit repair Atlanta 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
The Phenix Group is a legally compliant credit repair company with years of knowledge and experience surrounding credit restoration. Our goal is to restore your financial wellbeing so you can begin living the life you always pictured and enjoying all it has to offer. There’s no better feeling that regaining control over your finances and being able to land a new apartment, score a new job, or receive approval for a student loan, without headaches, fees, or being denied. The Phenix Group specialists will address your challenges in a customized manner, providing the support necessary for increasing your credit score.
GET IN TOUCH TO START your journey!