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credit repair fort worth

The Credit Condition in Fort Worth, TX

Between its’ live music venues, prime real estate, and mouth-watering selection of restaurants, it’s no surprise that Fort Worth is a place many call home. There’s nothing like getting a taste of urban sophistication paired with Western influences and a smidge of cowboy culture. How could Fort Worth residents truly enjoy all the area has to offer, however, if they’re drowning in bad credit scores? Averaging a credit score of about 636, Fort Worth holds one of the lowest scores when compared to neighboring cities like Houston (642) and El Paso (650). On average, consumers in this region are also $26,599 in debt. There’s a need for credit repair in Fort Worth.

Lenders and creditors commonly use FICO® scoring standards to predict your credit risk and assess the likelihood that you’ll return borrowed funds. The three-integer number, which ranges from 300 to 850, is calculated using a formula that analyzes your debt ratio, payment history, accounts owed, length of credit history, new credit, and the credit mix you have. Bad credit can happen to anyone. Financial hardship, even if it’s a short stretch of time, can lead to missed payments and maxed out credit cards. These mistakes are often a catalyst for more pressing, negative events, such as having your vehicle repossessed, filing for bankruptcy, or foreclosure on your home

How Does Credit ReStoration Work?

credit repair fort worth

Identifying and diagnosing all the hiccups in your credit report involves collecting your record from each of the three main reporting agencies in the U.S. – Equifax, TransUnion, and Experian. Why is it necessary to get all three? While these credit reporting agencies all assemble information surrounding your financial history and behaviors from creditors, each is furnished data from different contributors – aka credit card companies, banks, healthcare providers, debt collectors, utility/phone companies, and lenders. For example, there may be missing information or an error on one credit report that doesn’t appear on the other two. This can be beneficial information for anyone living in Fort Worth Texas.

In collaboration with an independent law firm, The Phenix Group works to resolve any items on your credit report that are outright incorrect or require updating. Not only are our credit solutions deliberate and timely, tailored to strengthen your score, but our specialists have mastered the art of grappling with the bureaus and creditors that refuse to acknowledge inaccurate information. Despite creditors profiting from negative data reports, they are governed by certain laws, such as the Fair Credit Reporting Act, which require them to act in your best interests.

The Fallout From Bad Credit

Once the medical bills have piled up and a few poor financial choices cause your credit score to hurdle into a dark abyss, you’ll find it nearly impossible to find lenders that are willing to work with you. From their perspective, you represent a risky borrower, as your poor credit score communicates a high probability that you could fall behind on loan or credit card payments. Many Fort Worth residents with bad credit will find their applications repeatedly being denied or when they are approved, it’s accompanied by an inflated interest rate.

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


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How Credit Repair Can Change Your Life

Bad credit can feel like an unwelcome, ominous shadow that trails you wherever you go. When you’re accompanied by a dark credit cloud, it can completely hijack your financial well-being, providing you with declined application after declined application and high interest rates for those few lenders that decide to take a chance on you. The Phenix Group is committed to helping you kick this uninvited credit-harming companion to the curb once and for all.

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Purchase your first home
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Own your dream car
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Get a business loan with a low interest rate



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As a Loan Officer with 15 years in the business it is vitally important to me that anyone that I partner with is an extension of my team and personality.
Nothing is more disheartening than referring business to someone only for your client have a bad experience.
This is NOT the case with The Phenix Group.
Besides their insanely awesome Credit Gangster Ninja moves, they legitimately care for the clients as they come over.
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 home ownership.
I would recommend The Phenix Group to any LO who is looking to take their business to the next level, you wont be disappointed.

April 20, 2018

Fort Worth Credit Repair

Your past financial mistakes shouldn’t define your life. Watching good people get penalized for bad credit year after year is what inspired our company to take action. From debt settlements and dispute code removal to re-establishing your credit, The Phenix Group builds personalized credit solutions to help you get the house, car, job, or other item you need to achieve your goals. We believe credit repair is a second chance for our clients to reclaim the lifestyle they deserve and our experts work tirelessly to produce quick and effective results.