Dealing with debt can be very stressful. Too many people today are in over their heads when it comes to credit card debt, mortgage payments, and student loans. If you find yourself among them, consider contacting Vivix Credit Solutions. The professionals at Vivix Credit Solutions can lead you to an expert that can help repair any damage you have done to your credit score by having bad debt.

Having too much debt and being unable to make minimum payments is a bad situation to be in. Your debtors can report your delinquency to credit agencies, which track your credit rating with a number score. Failing to make payments can lower this number and cause you problems with securing loans and getting decent interest rates in the future. It is very important to minimize the damage to your score and to fix what damage you have already done. After a free consultation, the experts at Vivix Credit Solutions will find the right person to work with you.

In addition to damaging your credit score, failure to make payments on debts can have other serious consequences. Depending on how long you are delinquent and how much you owe, you may begin receiving letters and phone calls from collection agencies. Companies to whom you owe money hire these agencies to pressure you into making your payments. The letters, calls, and even personal visits can be stressful, embarrassing, and even frightening. While they may seem threatening, the worst thing your creditors can do to you is sue you for the money you owe. You cannot go to jail for not making payments on your debt because nonpayment is not a criminal offense in the U.S.  Any creditor that claims differently is simply trying to intimidate you. Before you get to the point of being harassed by collection agencies, consider contacting Vivix Credit Solutions so they can lead you to an expert to help you repair your credit.

Although prison is not an option, creditors can still try to make your life miserable for not paying. If you refuse to pay, you may be sued and if the court finds in the favor of the creditor, you will be forced to pay. You may have your wages garnished to do so. Collection agencies do not have unlimited time to sue you after your initial default, however. The amount of time varies depending on the state. Even if you do not get sued for payment, the calls and visits from the collection agency can go on for quite some time. There is no limit to how long they can go after you.

Maintaining good credit and being able to make payments on debt is a very important aspect of your finances. When you default on a loan, you do serious damage to your credit score and although places like Vivix Credit Solutions can help you repair it, it is better to keep that number in good shape. Nevertheless, the economy has put many people in a bad situation. Unemployment and bad mortgages have affected so many. If you count yourself among them, take advantage of the services of Vivix Credit Solutions and find a way to get back a healthy credit score.