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credit repair chicago

Improving Your Score in the Windy City

Infamous deep dish pizza, great architecture (who doesn’t love The Cloud Gate?), and a gigantic multicultural city that is a fraction of the cost to live in compared to LA or NYC – need we say more? In addition to the attractive offerings of Chicago’s social scene, the city has a thriving economy, offering a mountain of employment opportunities for its residents. All these great attractions, and yet many Chicago residents are barely treading water when it comes to their credit scores. Chicago holds an average credit score of 648, a wildly low number in comparison to Illinois as a whole, which averages 671.


Creditors and lenders use a scoring system known as FICO®, which analyzes how likely you are to repay borrowed funds and calculates your credit risk. The scoring ranges from 300 to 850 and is determined by evaluating the following areas: your payment history, new credit, debt ratio, length of credit history, accounts owned, and your credit mix. Having a poor credit score is something anyone can experience. When the economy is suffering, you get laid off, or you’re hit with unexpected medical bills, financial hardship can quickly cause maxed out credit cards and unpaid bills.


The Effects of Bad Scores

credit repair chicago il
When a few poor financial decisions cause your credit score to tumble into murky waters, it’ll have a massive impact on your life. Lenders will see you as a risky borrower, denying you financing for a new home, college loans, or even that shiny new car you’ve had your sights set on. Because you’re classified as a high-risk borrower, you’ll be subject to higher interest rates and fees, loftier utility bills – costing you hundreds of your hard-earned dollars – and even make you vulnerable to pricey insurance premiums, all because of an unhealthy credit score. As a Chicago native, possessing a bad credit score can completely disrupt your social, mental, financial, and even physical well-being.
Your employment application may be denied as companies often factor poor credit into their decision-making process. And don’t be surprised to see your cell phone provider tack on an unexpected security deposit to compensate for the possibility of absorbing the cost of an unpaid contract. Landlords are also wary of poor credit, and will inflate your security deposit or decline your lease application as a way to protect themselves from potential loss of income.

How Can Restoration Help Your Financial Health?

By leveraging an independent law firm and consumer protection laws, The Phenix group works to challenge and correct outdated or erroneous information on your credit report. We provide personalized and timely support, employing specialized dispute tactics to get bureaus and creditors to acknowledge inaccuracies, ultimately strengthening your credit score. Although creditors profit from poor credit reports, laws like the Fair Credit Reporting Act were enacted to protect consumers like you.

Common mistakes that will lead to bad scores in Chicago:

  • Habitually late on payments
  • Filing for bankruptcy
  • Having an account charged off
  • Defaulting on a loan
  • Closing old lines of credit


Free Consultation


Our unwavering commitment to helping people reverse poor credit and realize financial security has inspired us to design personalized and attorney-based Chicago 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 with good credit



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As a Loan Officer with 15 years in the business, I would recommend The Phenix Group to any LO who is looking to take their business to the next level, you won't be disappointed. Besides their insanely awesome Credit Gangster Ninja moves, they legitimately care for the client. They will treat each and every referral like family and guide them through the process, and make it easy and simple to understand and follow. I have been working with them for the past two years and they have drastically changed my business. I have a consistent pipeline of clients who might not otherwise have had a chance at realizing their dream of homeownership.


April 20, 2018

 Credit Repair Services

Bad credit can be scary, but it shouldn’t define who you are. The Phenix Group is passionate about liberating people from the fallout and repercussions of carrying around a poor credit score. We help with charge offs, repossessions, debt settlement, dispute code removal, and more, all designed to help you reclaim your lifestyle, land a new employment opportunity, and finally move into that new home you deserve. We provide ethical and professional credit repair Chicago solutions that use regulation and laws to shield you from having to live in a never-ending nightmare of financial hardship. At the Phenix group, we are dedicated to helping you live a headache-free life and achieve your goals.


What is credit repair?
Credit repair is the process of fixing and improving poor credit history that may have deteriorated for a variety of different reasons.
How does credit repair work?
Credit repair companies work with the credit bureaus and your creditors to challenge the accuracy of negative items that affect a credit score. Most companies will only “dispute” items on your credit report. This is something you can do on your own. Professional credit repair will involve attorneys and a detailed audit of how your accounts are reporting.
Should I hire a credit repair company?

Credit repair isn’t for everyone. Some companies will enroll customers regardless if they’re a good fit or not. You might not need to hire a company. At Phenix, we offer a detailed credit analysis to determine the best plan for your individual needs - no obligation.

Can a credit repair company really help?
Yes, attorney-backed credit repair companies can save you time and ensure you’re doing things right by helping you identify and gather the evidence needed. Not all credit repair companies are created equal. At Phenix, we only take clients we are confident we can help.
How long does it take to repair credit?
If you’re a good candidate, credit repair can take as little as three months to as long as a year. It depends on how negative accounts are reporting on your credit.
How much does credit repair cost?
Credit repair ranges depending on the company. Companies that do what you can do for free (dispute accounts) will charge $99 - $500.
If you’re a good fit, attorney-backed credit repair can range from $1,000 - $3,000. It’s always a good idea to get a free credit analysis to see what your options are.