The credit experts at Vivix Credit Solutions advise that a great way to reduce overall debt and increase your credit score is to pay off your accounts, as you are able. Some consumers get by each month paying the minimum payment on all their accounts and nothing ever gets fully paid off. A better idea is to use additional funds to pay off one account at a time – whether it takes one month or three. The interest savings alone will surprise you, and paying off one account versus lower balances on all others will bring the biggest positive change to your credit score.

Any time you apply for credit or housing where you are a told a credit check is being done, an “inquiry” shows up on your credit report. One or two inquiries over the course of two or three years will not adversely affect your score, but several in a short time is a red flag to lenders. They can only assume you are looking to go on a buying spree that will overextend you and lead to inability to pay. Vivix Credit Solutions advises limiting inquiries whenever possible.

It can’t be said enough – if you want a great credit score – pay your bills on time. Nothing damages a credit profile faster than delinquencies. One late payment a year isn’t going to much other than cost you a late fee, but when lenders see 60 and 90-day delinquencies on a credit report, they will find you a risk in extending credit. Paying your bills on time will raise your score as any late payments fall off your report. Vivix Credit Solutions offers credit-coaching services that can give you tips on making your payments on time each month to avoid poor credit.

If you want to build your credit score, the best thing you can do for yourself is to reduce the amount of credit you rely on. Overextending yourself with payments is an easy trap to get in, but is also one that can easily be broken free of with the help of professional credit counselors and coaches such as the ones at Vivix Credit Solutions. Through a wide array of services, they are able to educate and guide you on your way to better credit. Vivix Credit Solutions can offer skills training in budgeting as well as living with cash instead of credit. Give them a call