If I had a dollar for everytime one of our potential clients said “I’m just going to wait until the rates come down” in 2023, I wouldn’t need to work for half the year. Mortgage interest rates in Texas are still fairly high, compared to what I call a “once in a lifetime event”, the […] The post Mortgage Interest Rate Predictions for 2024 and How You Can Thrive first appeared on The Phenix Group ..read more

As we usher in the New Year, many of us reflect on the past and set resolutions for the future. A resolution is just an over complicated term we use for a GOAL. The top 10 resolutions (goals) generally made at the new year are: While exercise tops the list, I would argue it is […] The post Credit Resolutions for a Financially Fit New Year first appeared on The Phenix Group ..read more

Loans and credit are the primary drivers of the economy. They allow businesses and individuals to take out large sums of money and pay them back over time. The individual or business benefits by having the money they need, and the bank or lender benefits by charging interest on the loan and turning a profit.  […] The post What Are Defaults? first appeared on The Phenix Group ..read more

Collection agencies are for-profit businesses. Some collectors will call incessantly, while others will offer a deal to try and convince someone to pay.  Deals can range from small discounts on the amount owed all the way to removing an item permanently from the credit report. The latter is what is known as ‘Pay for Delete.’ […] The post Collections Pay For Delete: What Is It? first appeared on The Phenix Group ..read more

Bills get overlooked, addresses change, and amounts get mistyped. The result is the same: something was not paid for on time and it was sent to collections. For the lucky ones, it hasn’t been reported to the credit bureaus.  For those who are not so fortunate, there will now be a collections account listed on […] The post The Effect of a Collection Account on Credit Report first appeared on The Phenix Group ..read more

Your credit score has a significant impact on multiple facets of your life–from securing a mortgage or car loan to impacting job opportunities (in some cases). However, navigating the complex web of credit reports, credit bureaus, and financial laws can be intimidating and time-consuming for the average person.  This is where credit repair companies step […] The post Do Credit Repair Services Really Work?  first appeared on The Phenix Group ..read more

Negative marks on your credit report (also called ‘derogatory items’) can really set you back. These are red flags that alert lenders that you may not be the most reliable when it comes to paying back debt. Whether it’s missed payments on a credit card or more serious mishaps like bankruptcy or foreclosure, these marks […] The post How to Remove Derogatory Items from Your Credit Report first appeared on The Phenix Group ..read more

When you’re on the path to buying a home, chances are you’ll need a loan to help cover the costs. So, how does a lender decide you’re trustworthy enough to extend a large amount of money to?  A large part of that decision hinges on how well you’ve managed your finances in the past, which […] The post Why a Good Credit Score for a Home Loan Matters first appeared on The Phenix Group ..read more

When your debt has gone to collections, it can have a major negative impact on your credit score. If your credit score lowers, it can impact your ability to sign a lease, acquire personal loans, open new credit cards, and more. Being shackled to a low credit score can leave you desperate for a quick […] The post Removing Collections From Your Credit Report first appeared on The Phenix Group ..read more

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