If you have received a check from the government as part of the most recent pandemic stimulus legislation, but are fortunate enough not to need the entirety of that payment for rent or other bills, you may want to consider investing all or part of that payment in improving your credit. A higher credit score […]
Recently, our President, Charlie Scanlon was asked to comment on the numbers and types of “balance transfer” cards that are currently being offered to consumers by credit card issuers. These cards, generally, require that your scores be good or excellent. They can be a very helpful tool for paying off debt. Call us if your […]
So, you have been following our advice and taking a look at your credit report once a month? Good job, you’re to be commended! You may have noticed that there are accounts on your reports that are negatively impacting your scores. How long can those negative items stay on your report and cause you angst? […]
Are you going through a dissolution of your marriage and thinking about refinancing the marital home into your name only? There is a lot to think about when making this decision. Can you afford the mortgage payment, real estate taxes and maintenance on just one salary? Did you know that there are special considerations given […]
If you’re planning to buy a new house in 2021, the most important thing that you can do to prepare for that process is to check your credit reports from all three national credit bureaus. (Transunion, Equifax and Experian) The simplest (and cheapest) way to obtain a recent copy of those reports from all […]
A study published in The Journal of Behavioral Science in 2008 took a look at the effect of an individual’s personality on their credit rating. Vanessa Gail Perry (2008) Giving Credit Where Credit is Due: The Psychology of Credit Ratings, Journal of Behavioral Finance, 9:1, 15-21, DOI: 10.1080/15427560801896784. The study found that one of the key factors in having a good credit […]
Our President was happy to share his expertise about the “credit history” component of credit scores for this article. Feel free to get in touch if you have any questions about credit scores or “mortgage ready credit.” (314) 429-2040. Best Company Magazine: “Will My Credit Score Be Negatively Impacted If I Apply For A Personal […]
It may have escaped your attention while you were working from home as a result of the corona virus pandemic, but FICO released its newest credit scoring models in recent months. FICO (Fair Isaac Corporation) is the producer of the most commonly used credit scoring algorithms. Some version of a FICO score is used in […]
Is there a credit card in your wallet that you haven’t used in years? Have you wondered about whether you should “just cancel it” and make more room for your other cards? Will getting rid of the card impact your credit scores? Probably so. Closing an old credit card account can impact your credit scores […]
On September 21, 2018, the U.S. Department of Homeland Security (DHS) proposed changing how it determines whether an alien is inadmissible to the United States under section 212(a)(4) of the Immigration and Nationality Act (INA) based on whether he or she is likely to become a public charge at any time, in the opinion of […]
Holiday Credit Tip Sheet Credit Cards and Credit Card Utilization One of the primary factors that go into computing your credit score is “Credit Card Utilization.” In its simplest terms, credit utilization is a fraction. The amount of credit that you have available to you on credit cards is the bottom half (or […]
It has long been rumored that each of the three national credit bureaus maintains a list of consumers they identify as “VIP” files. http://www.nytimes.com/2011/05/15/your-money/credit-scores/15credit.html A TransUnion employee once testified in a deposition: Q: And some references have been made in prior cases to maybe a VIP category. Is there such a category? [… ] For […]
Our competition aggressively competes with us for your credit restoration business. Those competitors spend incredible sums of money on advertising and/or trying to “buy” leads from loan officers and realtors. We just spend our money on performing. So, how is it that Phoenix has eclipsed these companies as lenders’ and realtors’ preferred source for client […]
What a deal! Between now and December 31st, 2016, if you sign up for our services, you can save 16%! Call us today at 877-235-6150 to get started! Start 2017 on the right foot with an improved credit score.
Congratulations to the Chicago Cubs and the Cleveland Indians for winning their respective league’s Championship Series and earning the right to face off against each other in the World Series. As a lifelong fan of the St. Louis Cardinals, it is somewhat difficult for me to offer congratulations to the team from Chicago’s Northside, the […]
This post was recently featured in The Huffington Post. The ending of a marriage is a difficult process for everyone involved. Even if you are the one who “wants’ the divorce, it can be difficult to watch the impact it has on all those that it touches. If your spouse doesn’t want to be divorced, […]
We’re excited to be participating in this great event hosted by Gerard Realty Group! August 23rd at 6:00 pm at the Lodge Des Peres. Click here to register!
This blog is also featured in The Huffington Post. Dreaming of purchasing a new home in the next several months? Whether you are a first time home buyer, upgrading to a newer or bigger home, or downsizing into a smaller residence, the first thing that you should do is have your credit appraised. Today’s real […]
We’ll be back on the air THIS SUNDAY at 3:00 PM CST on 550 KTRS with the Gerard Realty Show! Tune in to hear some expert advice from our president, Charlie Scanlon!
Ah, spring…..as you watch the trees and flowers begin to blossom, your thoughts turn to warmer weather and the arrival of your income tax refund check. Perhaps you have already made plans to spend those funds on a home improvement project or a luxurious weekend getaway. Why not spend that money getting your credit in […]
Did you know that the cost of the liability insurance that you purchase to protect you in the operation of your auto and in the ownership of your home is determined in significant part by your credit score? That’s right, that credit history that you thought only mattered when you borrowed money for a loan […]
The “wearing of the green” is a customary part of the celebration of St Patrick’s Day. A look around your workplace today will likely reveal many of your co-workers sporting green clothing and accessories. Both the clothing and accessories are likely to include shamrocks, one of the national symbols of Ireland. St Patrick is […]
Some credit repair companies obtain their customers by paying “referral fees” to loan officers who have turned those customers down for a loan. By necessity, a credit repair company passes those fees on to their credit repair clients. That’s how business works. That creates a potential pitfall for a referring loan officer. They, and by […]
This week ended on such a high note! Beyond the daily successes, we have two really great stories to share! 1. We successfully raised a client’s credit score by 89 POINTS in under FIVE WEEKS! 2. One of our clients obtained mortgage approval after just 35 days in our program! We’re so proud of the work […]
The latest blog post from the president of Phoenix Credit Consultants: This weekend, I read a “LinkedIn” article written by an old friend who is in the investment capital business. In it, she talked about a client of hers who ran a carpet cleaning business. In this carpet cleaning business, the owner “did it all”, […]
We’re back! Tune in at 3:00 pm CST this Sunday, February 21st to hear PCC on The Gerald Realty Show on 550 KTRS! We love being a part of this group of experts! Topics this week include why we don’t recommend “do it yourself” credit repair!
The Fair Credit Reporting Act was enacted by Congress in October 1970. It was designed to provide protection for consumers against abuses from the credit reporting companies. (There are three big national companies: Equifax, Transunion and Experian.) One of the purposes of the law was to level the playing field between consumers and the credit reporting companies. Under […]
FIRST TIME HOMEBUYER? WHERE DO YOU START THE PROCESS? SQUARE ONE-CLEAN UP YOUR CREDIT- Unless you are holding a winning Powerball ticket, are sitting on a substantial nest egg or are being financed by a wealthy relative, you will need a loan to afford your first house. Mortgage Companies and Banks use credit scores, also known […]
We’re excited to announce that we’ll be back on the radio Sunday, January 17th at 3:00 pm CST! You can find us on 550 KTRS with The Gerard Realty Show. We hope you can listen in! This is a great group of experts and we’re thrilled to join them.
Nothing excites us more than when we send one of our clients off to their mortgage loan officer “mortgage ready” with their credit restored. Our 2016 got off to an amazing start when a group of our restored clients closed on new home loans last week which collectively had a value of in excess of […]
Keys to achieving your New Year’s Resolution 1. Make Only One Resolution – Research shows, your chances of success are greater when you channel your energy into changing just one aspect of your life. What better part of your life is there to improve than your credit? Better credit brings opportunity to your life. The opportunity to […]
It doesn’t get much better than a night of fun, friends, and trivia in South City, St. Louis! There’s a great event coming up and we’re so excited to be a part of it. Join us on Saturday, February 13th, 2016 for trivia and a silent auction to benefit Carl Roy and his wonderful family. […]
PCC is proud to announce that we’ll be joining the Gerard Realty Show on The Big 550 KTRS this Sunday, December 27th at 3:00 pm CST! Make sure you turn in to hear the latest expert credit advice! We can’t wait!!!
Can you sell? Are you interested in learning how to sell? Do you want to help people reach their full financial potential? Do you want to be a part of an awesome and growing company? You’ve come to the right place! Our corporate culture is young and progressive. We allow our staff to create their […]
We made it through Black Friday and Cyber Monday and now it’s time to give back!! For ONE DAY ONLY, PCC will be offering a 15% discount on all services. Sign up must be completed on December 1st, 2015.
In an effort to acknowledge and reward the sacrifices made by our military veterans and their families, Phoenix Credit Consultants has humbly offered a “Veteran’s Discount” to our new customers who are presently serving in our armed forces or who have honorably completed such service. This offer remains available to qualifying customers from now […]
Phoenix Credit Consultants proudly presents this exclusive offer to United States Military Veterans: As the days begin to grow shorter and we approach Veterans Day, Phoenix Credit Consultants and our affiliate partners are reminded of our indebtedness to the men and women who have sacrificed so much for our freedom. In an effort to acknowledge […]
When is a credit score not a credit score? Many times our clients are anxious to tell us about their credit scores – which seem to be available everywhere. We encourage consumers to obtain their credit reports on a regular basis, if for no other reason to make sure everything on it is accurate (that […]
Ignorance is not bliss, it’s actually very expensive. Imagine a big warehouse full of all kinds of information about you. Now imagine three of them. (Just so you know, these “warehouses” are data storage facilities – and are updated constantly.) Now whenever you wish to make a major purchase, strangers run your information through a […]
Showing up is half the battle! Many of the clients we help at Phoenix Credit Consultants have credit problems because of something the legal system refers to as a “default judgment.” In simplest terms, a default judgment is what happens when someone who has been sued in court, for example by a “creditor” does not […]
How to use your stimulus check to boost your credit scores
/in Blog Post /by Charlie ScanlonIf you have received a check from the government as part of the most recent pandemic stimulus legislation, but are fortunate enough not to need the entirety of that payment for rent or other bills, you may want to consider investing all or part of that payment in improving your credit. A higher credit score […]
Balance Transfer Card Offerings May Reflect Card Issuer Concerns About The Economy
/in Blog Post /by Charlie ScanlonRecently, our President, Charlie Scanlon was asked to comment on the numbers and types of “balance transfer” cards that are currently being offered to consumers by credit card issuers. These cards, generally, require that your scores be good or excellent. They can be a very helpful tool for paying off debt. Call us if your […]
How Long Can a Negative Item Stay on Your Credit Report?
/in Blog Post /by Charlie ScanlonSo, you have been following our advice and taking a look at your credit report once a month? Good job, you’re to be commended! You may have noticed that there are accounts on your reports that are negatively impacting your scores. How long can those negative items stay on your report and cause you angst? […]
Going through a divorce and thinking about refinancing the marital home?
/in Blog Post /by Charlie ScanlonAre you going through a dissolution of your marriage and thinking about refinancing the marital home into your name only? There is a lot to think about when making this decision. Can you afford the mortgage payment, real estate taxes and maintenance on just one salary? Did you know that there are special considerations given […]
Are You Planning To Buy A New House in 2021?
/in Blog Post /by Charlie ScanlonIf you’re planning to buy a new house in 2021, the most important thing that you can do to prepare for that process is to check your credit reports from all three national credit bureaus. (Transunion, Equifax and Experian) The simplest (and cheapest) way to obtain a recent copy of those reports from all […]
Locus of Control and Your Credit Rating
/in Blog Post /by Charlie ScanlonA study published in The Journal of Behavioral Science in 2008 took a look at the effect of an individual’s personality on their credit rating. Vanessa Gail Perry (2008) Giving Credit Where Credit is Due: The Psychology of Credit Ratings, Journal of Behavioral Finance, 9:1, 15-21, DOI: 10.1080/15427560801896784. The study found that one of the key factors in having a good credit […]
Can Applying for a Personal Loan Damage Your Credit?
/in Blog Post /by Charlie ScanlonOur President was happy to share his expertise about the “credit history” component of credit scores for this article. Feel free to get in touch if you have any questions about credit scores or “mortgage ready credit.” (314) 429-2040. Best Company Magazine: “Will My Credit Score Be Negatively Impacted If I Apply For A Personal […]
What You Need to Know About FICO 10 and 10T
/in Blog Post, Featured Stories /by Charlie ScanlonIt may have escaped your attention while you were working from home as a result of the corona virus pandemic, but FICO released its newest credit scoring models in recent months. FICO (Fair Isaac Corporation) is the producer of the most commonly used credit scoring algorithms. Some version of a FICO score is used in […]
It’s Rarely In Your Interest To Cancel A Credit Card
/in Blog Post, Uncategorized /by Charlie ScanlonIs there a credit card in your wallet that you haven’t used in years? Have you wondered about whether you should “just cancel it” and make more room for your other cards? Will getting rid of the card impact your credit scores? Probably so. Closing an old credit card account can impact your credit scores […]
YOUR CREDIT SCORE COULD SOON AFFECT YOUR ABILITY TO OBTAIN US CITIZENSHIP
/in Blog Post, Featured Stories /by adminOn September 21, 2018, the U.S. Department of Homeland Security (DHS) proposed changing how it determines whether an alien is inadmissible to the United States under section 212(a)(4) of the Immigration and Nationality Act (INA) based on whether he or she is likely to become a public charge at any time, in the opinion of […]
HAS DIVORCE NEGATIVELY IMPACTED YOUR CREDIT SCORE?
/in Blog Post, Featured Stories /by adminHoliday Credit Tip Sheet
/in Blog Post, Featured Stories /by adminHoliday Credit Tip Sheet Credit Cards and Credit Card Utilization One of the primary factors that go into computing your credit score is “Credit Card Utilization.” In its simplest terms, credit utilization is a fraction. The amount of credit that you have available to you on credit cards is the bottom half (or […]
Credit Bureau VIP Files
/in Blog Post /by adminIt has long been rumored that each of the three national credit bureaus maintains a list of consumers they identify as “VIP” files. http://www.nytimes.com/2011/05/15/your-money/credit-scores/15credit.html A TransUnion employee once testified in a deposition: Q: And some references have been made in prior cases to maybe a VIP category. Is there such a category? [… ] For […]
Eclipsing The Competition
/in Blog Post, Featured Stories, Uncategorized /by adminOur competition aggressively competes with us for your credit restoration business. Those competitors spend incredible sums of money on advertising and/or trying to “buy” leads from loan officers and realtors. We just spend our money on performing. So, how is it that Phoenix has eclipsed these companies as lenders’ and realtors’ preferred source for client […]
Save 16% from now until the end of 2016!
/in Blog Post, Featured Stories /by adminWhat a deal! Between now and December 31st, 2016, if you sign up for our services, you can save 16%! Call us today at 877-235-6150 to get started! Start 2017 on the right foot with an improved credit score.
Restoring Your Credit-Nothing is Impossible (The Cubs and Indians are Playing in The World Series!)
/in Blog Post /by adminCongratulations to the Chicago Cubs and the Cleveland Indians for winning their respective league’s Championship Series and earning the right to face off against each other in the World Series. As a lifelong fan of the St. Louis Cardinals, it is somewhat difficult for me to offer congratulations to the team from Chicago’s Northside, the […]
Don’t Let Divorce Devastate Your Credit
/in Blog Post, Featured Stories /by adminThis post was recently featured in The Huffington Post. The ending of a marriage is a difficult process for everyone involved. Even if you are the one who “wants’ the divorce, it can be difficult to watch the impact it has on all those that it touches. If your spouse doesn’t want to be divorced, […]
Free Home Buyer Seminar!
/in Blog Post, Featured Stories /by adminWe’re excited to be participating in this great event hosted by Gerard Realty Group! August 23rd at 6:00 pm at the Lodge Des Peres. Click here to register!
Thinking About a New Home? Start with a Credit Appraisal
/in Blog Post, Featured Stories /by adminThis blog is also featured in The Huffington Post. Dreaming of purchasing a new home in the next several months? Whether you are a first time home buyer, upgrading to a newer or bigger home, or downsizing into a smaller residence, the first thing that you should do is have your credit appraised. Today’s real […]
Our Most Recent Visit to The Gerard Realty Show
/in Blog Post, Featured Stories /by adminEnjoy!
We’re Heading Back To The Airwaves!
/in Blog Post, Featured Stories /by adminWe’ll be back on the air THIS SUNDAY at 3:00 PM CST on 550 KTRS with the Gerard Realty Show! Tune in to hear some expert advice from our president, Charlie Scanlon!
Five Ways to Use Your Tax Refund to Build Your Credit Score
/in Blog Post, Featured Stories /by adminAh, spring…..as you watch the trees and flowers begin to blossom, your thoughts turn to warmer weather and the arrival of your income tax refund check. Perhaps you have already made plans to spend those funds on a home improvement project or a luxurious weekend getaway. Why not spend that money getting your credit in […]
How Your Credit Impacts What You Pay For Insurance
/in Blog Post, Featured Stories /by adminDid you know that the cost of the liability insurance that you purchase to protect you in the operation of your auto and in the ownership of your home is determined in significant part by your credit score? That’s right, that credit history that you thought only mattered when you borrowed money for a loan […]
The Shamrock and your Credit Score
/in Blog Post, Featured Stories /by adminThe “wearing of the green” is a customary part of the celebration of St Patrick’s Day. A look around your workplace today will likely reveal many of your co-workers sporting green clothing and accessories. Both the clothing and accessories are likely to include shamrocks, one of the national symbols of Ireland. St Patrick is […]
Does a loan officer have a duty to disclose receipt of a “referral fee” from a credit repair company?
/in Blog Post, Featured Stories /by adminSome credit repair companies obtain their customers by paying “referral fees” to loan officers who have turned those customers down for a loan. By necessity, a credit repair company passes those fees on to their credit repair clients. That’s how business works. That creates a potential pitfall for a referring loan officer. They, and by […]
What a week!
/in Blog Post, Featured Stories /by adminThis week ended on such a high note! Beyond the daily successes, we have two really great stories to share! 1. We successfully raised a client’s credit score by 89 POINTS in under FIVE WEEKS! 2. One of our clients obtained mortgage approval after just 35 days in our program! We’re so proud of the work […]
Why Would a Mortgage Loan Officer Do Credit Repair?
/in Blog Post, Featured Stories /by adminThe latest blog post from the president of Phoenix Credit Consultants: This weekend, I read a “LinkedIn” article written by an old friend who is in the investment capital business. In it, she talked about a client of hers who ran a carpet cleaning business. In this carpet cleaning business, the owner “did it all”, […]
Tune In This Sunday!
/in Blog Post, Featured Stories /by adminWe’re back! Tune in at 3:00 pm CST this Sunday, February 21st to hear PCC on The Gerald Realty Show on 550 KTRS! We love being a part of this group of experts! Topics this week include why we don’t recommend “do it yourself” credit repair!
Your Rights Regarding the Reporting of Your Credit
/in Blog Post, Featured Stories /by adminThe Fair Credit Reporting Act was enacted by Congress in October 1970. It was designed to provide protection for consumers against abuses from the credit reporting companies. (There are three big national companies: Equifax, Transunion and Experian.) One of the purposes of the law was to level the playing field between consumers and the credit reporting companies. Under […]
How To Start The Home Buying Process As A First Time Homebuyer
/in Blog Post, Featured Stories /by adminFIRST TIME HOMEBUYER? WHERE DO YOU START THE PROCESS? SQUARE ONE-CLEAN UP YOUR CREDIT- Unless you are holding a winning Powerball ticket, are sitting on a substantial nest egg or are being financed by a wealthy relative, you will need a loan to afford your first house. Mortgage Companies and Banks use credit scores, also known […]
Check out our appearance on The Gerard Realty Show!
/in Blog Post, Featured Stories /by adminWe had such a great time with The Gerard Realty Show! Check it out!
PCC Will Be Back On The Radio This Weekend!
/in Blog Post, Featured Stories /by adminWe’re excited to announce that we’ll be back on the radio Sunday, January 17th at 3:00 pm CST! You can find us on 550 KTRS with The Gerard Realty Show. We hope you can listen in! This is a great group of experts and we’re thrilled to join them.
Million Dollar Monday
/in Blog Post, Featured Stories /by adminNothing excites us more than when we send one of our clients off to their mortgage loan officer “mortgage ready” with their credit restored. Our 2016 got off to an amazing start when a group of our restored clients closed on new home loans last week which collectively had a value of in excess of […]
Your New Year’s Resolution
/in Blog Post, Featured Stories /by adminKeys to achieving your New Year’s Resolution 1. Make Only One Resolution – Research shows, your chances of success are greater when you channel your energy into changing just one aspect of your life. What better part of your life is there to improve than your credit? Better credit brings opportunity to your life. The opportunity to […]
Trivia Night To Benefit Carl Roy and Family
/in Blog Post, Featured Stories /by adminIt doesn’t get much better than a night of fun, friends, and trivia in South City, St. Louis! There’s a great event coming up and we’re so excited to be a part of it. Join us on Saturday, February 13th, 2016 for trivia and a silent auction to benefit Carl Roy and his wonderful family. […]
We’re Hittin’ The Airwaves!
/in Blog Post, Featured Stories /by adminPCC is proud to announce that we’ll be joining the Gerard Realty Show on The Big 550 KTRS this Sunday, December 27th at 3:00 pm CST! Make sure you turn in to hear the latest expert credit advice! We can’t wait!!!
We’re hiring!!
/in Blog Post, Featured Stories /by adminCan you sell? Are you interested in learning how to sell? Do you want to help people reach their full financial potential? Do you want to be a part of an awesome and growing company? You’ve come to the right place! Our corporate culture is young and progressive. We allow our staff to create their […]
Giving Tuesday Discount!
/in Blog Post, Featured Stories /by adminWe made it through Black Friday and Cyber Monday and now it’s time to give back!! For ONE DAY ONLY, PCC will be offering a 15% discount on all services. Sign up must be completed on December 1st, 2015.
Veteran’s Discount
/in Blog Post, Featured Stories /by adminIn an effort to acknowledge and reward the sacrifices made by our military veterans and their families, Phoenix Credit Consultants has humbly offered a “Veteran’s Discount” to our new customers who are presently serving in our armed forces or who have honorably completed such service. This offer remains available to qualifying customers from now […]
U.S. Active Military & Veterans Credit Program
/in Blog Post, Featured Stories /by adminPhoenix Credit Consultants proudly presents this exclusive offer to United States Military Veterans: As the days begin to grow shorter and we approach Veterans Day, Phoenix Credit Consultants and our affiliate partners are reminded of our indebtedness to the men and women who have sacrificed so much for our freedom. In an effort to acknowledge […]
When Is A Credit Score Not a Credit Score?
/in Blog Post /by adminWhen is a credit score not a credit score? Many times our clients are anxious to tell us about their credit scores – which seem to be available everywhere. We encourage consumers to obtain their credit reports on a regular basis, if for no other reason to make sure everything on it is accurate (that […]
5 Reasons Why You Should Understand How Your Credit Works
/in Blog Post /by adminIgnorance is not bliss, it’s actually very expensive. Imagine a big warehouse full of all kinds of information about you. Now imagine three of them. (Just so you know, these “warehouses” are data storage facilities – and are updated constantly.) Now whenever you wish to make a major purchase, strangers run your information through a […]
Default Judgments
/in Blog Post /by adminShowing up is half the battle! Many of the clients we help at Phoenix Credit Consultants have credit problems because of something the legal system refers to as a “default judgment.” In simplest terms, a default judgment is what happens when someone who has been sued in court, for example by a “creditor” does not […]