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HERE’S WHAT YOU GAIN FROM CREDIT REPAIR
At The Phenix Group, we have a vast knowledge of consumer protection laws, as well as years of industry expertise to facilitate the credit repair Raleigh process. When you possess bad credit, you run the risk of receiving loan denials or having your new job opportunity rescinded. When people neglect to get help, their finances continue to plummet into a dark hole. After all, if you’re being charged higher insurance premiums, high-interest rates, and extra fees on your monthly bills, how are you supposed to get ahead? If you feel handcuffed to your poor credit score, remember there is a light at the end of the tunnel, and we can help you repair your credit standing.
Purchase your first home
Own your dream car
Get a business loan with a low interest rate
HOW IS CREDIT CALCULATED?
To determine your creditworthiness or the probability that you’ll pay back borrowed funds, creditors and lenders use the FICO® scoring system. To calculate your score, the system evaluates your financial health, factoring in things like the length of your credit history, payment history, debt ratio, the type of credit mix you have, new credit lines you’ve opened, and accounts with unpaid balances. All these factors are weighted based on importance to produce a score that ranges from 300 to 850. Many people struggle with financial hardship; it only takes a few missed payments or an unforeseen expense to find yourself face to face with a poor credit score.
THE CREDIT CONDITION IN RALEIGH, NC
While the Tar Heel State is home to some pretty dedicated fans, those living in Raleigh, NC is also home to craft beers, beautiful greenery, and a hip art and music scene. A small-town feel in a city is hard to find, but Raleigh has that sense of community – and friendliness – wherever you go. The City of Oaks has a booming economy, chock-full of job opportunities, and it has a top-notch education system. Despite its popularity, however, residents of “The Triangle” are struggling to maintain good credit, with the city’s score at an average of 688.
THE CREDIT INSIDE SCOOP
Once you possess a bad credit score, the repercussions aren’t pretty. You’ll see things like increased insurance premiums, high-interest rates on your credit cards or loans, additional fees tacked onto your utility bills, and denied loan applications. For our Raleigh credit repair services, we collect your personal credit reports from the three main reporting agencies – Experian, Equifax, and TransUnion. We pull reports from all three outlets to ensure we are identifying all inaccuracies or reporting errors that may be damaging your credit score. The Phenix Group’s credit analysts work on your behalf to fix outdated information and remove inaccurate data. Many times, there’s information that can no longer be verified, such as a reported item that came from a business that no longer exists, can be removed from your report.
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
WHAT OUR CLIENTS
HAVE TO SAY ABOUT US
WE CAN HELP RALEIGH RESIDENTS
When you’re living in The Triangle, you never know what life may throw at you. Maybe you made a couple of mistakes in your youth and now you’re paying the price. Or, maybe you had to help a family member with a medical emergency, and it left you with stacks upon stacks of bills. Whatever circumstances may have led you to have poor credit, The Phenix Group is here to help. From dispute code removal to debt settlement assistance, our team is dedicated to helping you get your finances back on track.