Meet Jimmy
- Engaged (now married)
- Wanted new home for him and fiancé
- Didn’t get paid by employer for 2 months
- Needed to raise credit score to get approved for new home
- Participated in The Phenix Group credit restoration program for months and was approved
Starting Scores:
Experian:629
Equifax: 560
TransUnion: 560
Jimmy’s Background
“I purchased my first house 15 years ago when I was single. During those years, I wasn’t buying cars or houses so there wasn’t a need to look at or think about my credit score. Things were running smoothly. Back then, I was working for a company that didn’t pay me for two months before they filed for bankruptcy. Because of that I ran up my credit cards by paying for bills and then I also had mortgage late payments.
My credit took a severe hit after not getting paid for a long time. I had no other choice but to use my credit card to pay for essentials and things I knew I couldn’t pay off anytime soon; I couldn’t even afford most of my everyday living expenses during that period of time. Also, on top of that, I was looking for a new job-talk about stress. It wasn’t until I needed to find another house that I truly realized how bad my credit actually was.”
Jimmy’s Journey
What Jimmy Gained
It took just 4 months for The Phenix Group to raise my credit score by about 175 points. They helped me secure my dream home and get a fresh start with my debt. I feel a huge weight lifted off my shoulders. I’m happy to say we closed on Friday, May 3rd of 2019. We will be moving into our newly built home in the next 30 days! I am so thankful for the help of The Phenix Group.
Jimmy’s Story
In January of 2018, I wanted to move in with my fiancé and build a new home together. We started looking for a house and had our hearts set on a particular subdivision. We found the perfect plot of land in the subdivision we wanted that could cater to the floor plan we always dreamed of owning. We were pre-approved with my fiancé’s credit but since I make more money, they needed my credit as well. We were able to secure the plot, however, during the build, I needed to get my credit fixed in order to complete the loan process.
That is when I was introduced to The Phenix Group by a lender. After telling my analyst details about my situation, and what my goals were, I felt confident that they could help. The analyst laid out a plan tailored to me, told me exactly what I needed to do, and gave me a timeline with the most reasonable outcome to expect. After my work was done and we were in the home building process with KB Homes, my analyst was in the background working his ass off and really saved the day. We were stressed out the entire time up until when we got our final approval. I may have lost the house without the help of The Phenix Group. I was able to stop worrying about if we were going to get our dream home when we got the final approval! They took a ton of bricks off the top of us, we could finally breathe.
Ending Scores:
Experian: 804
Equifax: 761
TransUnion: 694
