The Credit Condition in Houston, TX
The Houston area, or H-Town as it’s been nicknamed, not only houses some of the nation’s biggest companies, but since the economic downturn in 2008, the city has made quite the comeback, gaining two jobs for every one that was lost. Besides the thriving economy, Houston, TX is a haven for music buffs, who frequently jam out at The Continental Club, as well as a hub for nature-filled scenery along the 7,800-acre George Bush Park. But with the alluring shopping scene and so many palate-pleasing restaurants, comes the opportunity for financial hardships. And according to Houston’s average credit score of 642, residents are shouldering one of the lowest scores in the nation when compared to other large metro areas. There’s a need for credit repair in Houston, TX.
This is one topic where we wish the saying, “Everything is bigger in Texas,” didn’t apply. Bad credit scores can strike your financial health like a destructive tornado, leading to loan application rejections, higher interest rates, and steep insurance premiums. Your entire financial picture is summed up into a three-integer number formulated by FICO® scoring standards, which ranges from 300 to 850. In the time it takes you to enjoy a bike ride along Buffalo Bayou, all of your payment history, debt ratio, new credit lines, types of credit, any outstanding balances, and the length of your credit history will be analyzed and converted into your personal credit score.
How Does Credit Restoration Work?
When you partner with The Phenix Group, a legally compliant credit repair Houston company, boosting your credit score is a simple, achievable goal. By first obtaining your credit reports from the three main reporting agencies, Equifax, Experian, and TransUnion, our credit-savvy analysts are able to identify any inaccuracies that are on your report. From having your personal information listed incorrectly to lender reporting errors, The Phenix Group and our expert attorneys, who are skilled in consumer law, will work on your behalf to have any unfair or incorrect items taken off of your credit report if you live in Houston, TX.
We dedicate the care and respect each of our clients deserve towards understanding the factors responsible for your poor credit score, including your financial challenges, goals, and how quickly you need to improve your credit standing. We custom-build an action plan that specifically tackles your needs so you can finally lower those astronomical interest rates, purchase the house of your dreams, or buy that new car you’ve been pining for. We are so passionate about improving lifestyles, that once we increase your credit score, we’ll give you the tools needed to set up your financial future for success.
When the Bad Roadblock Hits
Whether you experienced a job loss, unexpected medical bill, or simply mismanaged your credit cards, harboring a bad credit score can happen to anyone. Between your daily 9-5 grind, chauffeuring the kids to school and extracurricular activities, household chores, and maintaining a social calendar, keeping track of your financials in Houston can be cumbersome. Maybe you splurged on a new master bathroom, have several months’ worth of outstanding charges, and now have a debt collector trailing you like an ominous cloud. That once-relaxing bubble bath quickly transformed into an anxiety-inducing burden.
Mistakes and unexpected circumstances happen to everyone. From defaulting on a loan to filing for bankruptcy, financial errors can cause your credit score to nosedive into dicey territory. When you’re branded with a poor credit score, even from a seemingly benign mistake, it causes lenders and creditors to label you as a high credit risk, which becomes problematic when applying for a mortgage or loan. Borrowers with bad credit often face application denial or if they are approved, the contract is accompanied by an insanely high interest rate. While financial instability can be highly disruptive and taxing, it doesn’t have to be a permanent fixture in your life.
Common mistakes that will lead to needing credit repair Houston:
- Habitually late on payments
- Filing for bankruptcy
- Having an account charged off
- Defaulting on a loan
- Closing old lines of credit
Gain Back Financial Security
A poor credit rating can completely disrupt your lifestyle, affecting your ability to get things like a car loan, mortgage, student loan, credit card, and more. If a lender does approve your application for a loan, they will classify you as a high-risk borrower due to your bad credit score and drive up your interest rates. Despite all of this, there’s no need to pack your bags and high-tail it out of Houston just to repair your credit. At The Phenix Group, we create custom credit repair solutions for each Houston, TX resident in need of our help. We will work with you to increase your credit score, gain back financial security, and continue to root on the Houston Astros or your favorite sports team.
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
Credit Repair in Houston
From repossessions and foreclosures to debt settlement and credit coaching, The Phenix Group believes our credit repair solutions provide our clients with a second chance to claim back the lifestyle they thought had disappeared for good. Not only are we a legally compliant Houston credit repair service, but we find our work incredibly fulfilling; making life-changing improvements to your credit score while reversing your overall financial instability. Your past financial mistakes don’t have to dictate how you live your life. Your desired lifestyle is achievable through our personalized and transformational credit solutions. Say hello to that gorgeous new home you’ve always wanted!
What is credit repair?
How does credit repair work?
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?
How long does it take to repair credit?
How much does credit repair cost?
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.