Many consumers at one point in time find themselves trying to repair credit that was damaged as a result of divorce, job loss, major medical expenses and other reasons. Using alternative credit data as a way to positively affect your credit report and score is one option Vivix Credit Solutions can use to put you on the path to good credit. Conversely, if you have very little to no credit history, experts at Vivix Credit Solutions can use alternative credit data to boost your creditworthiness by adding tradelines such as rent and utilities payments that you make on a monthly basis.

Vivix Credit Solutions recommends using rental payments as alternative credit because it is likely the one monthly payment you make each and every month. For most people, this is also the largest payment made each month. Landlords are often happy to report your timely rent payments to the credit bureaus and signing up to do so will also allow them to report payments for every other tenant who resides in your building. Credit for rent can improve your FICO score because every positive payment reported helps to build your creditworthiness to banks and other lenders when applying for financing.

Most of us have a phone bill we pay every month. Even those of us without a home phone have a cell phone account. The payments you make to the phone company can be reported as alternative credit and the credit experts at Vivix Credit Solutions can help you achieve this through its network of service providers. Phone companies are in the habit of reporting negative information when an account becomes delinquent but will often agree to report an account in good standing – but they are not required to do so.

Energy companies that provide your gas and electric service are a good source of credit information. Many of them will offer a credit reference if asked, but why not have your positive payment history noted on your credit report as well? Vivix Credit Solutions can help with getting this alternative credit reported so that you can build up your credit history and payment record. If the energy bill is under your spouse’s name, you might consider having your name added to the bill so that you can have it reported. 

There are other tradelines of credit that Vivix Credit Solutions may be able to add as alternative credit if the creditor is willing. Consider the other long-term payments you make on a monthly basis, such as for a storage unit, collection of medical bills, or perhaps even a payment agreement for services at the vet or dentist. Alternative credit may also be given for personal loans, such as those from family members, if that person is willing to report the information for you. Ask a consultant with Vivix Credit Solutions which monthly payments you make might be eligible for reporting on your credit record.