A persons credit score can be make or break someone. A low credit score, also called a FICO score, can mean financial ruin. There are many factors that come into play to determine a person’s credit score, which gives you the magic number of where you fit in with the rest of us. Vivix Credit Solutions can take these factors and help you to improve your score to better secure your future. Vivix has a history of helping their clients get out of debt, and fix the bad marks on their credit by guiding them to the right steps of recovery.

A large portion of your credit is determined by your payment history. Have you been late or missed a payment recently? Anyone running your credit looks at that history to determine how likely you are to pay them back and on time. Many people are living paycheck to paycheck, and are opting to skip payments or be late waiting for their next paycheck. This can be devastating to your credit.

When applying for a loan of some type, creditors look at how long of a history you have. The longer you have actually had credit, the better. It is best to establish any kind of credit early on, rather than waiting. Creditors want to see your past behavior. If you show a history of being good with credit, they believe you will continue with the same trend.

How much a person owes in total is another factor that creditors are looking at. They compare this to your income, and the duration of your loans. If a person is using up too much of their available credit, a creditor is more likely to want to protect themselves by not offering any more credit to that person, in fear of becoming the account that they are unable to keep up or pay.

Continuously having your credit pulled can raise a red flag to creditors. If they see that your credit has been checked a lot recently, they may feel that you have a serious need for the money. Showing a creditor that you need a large sum of money and fast makes them suspicious of your ability to pay it back. Allowing banks and other agencies to keep ‘pulling’ your credit can hinder your chances at getting a new loan.

Creditors are interested in the types of loans you have out. Some loans are viewed as being higher quality than other loans. Having a home mortgage on your credit shows you as a person with stability. Revolving credit, or credit cards are also an important factor. This type of credit shows that you pay your month-to-month bills on time

No single factor can change the entirety of your credit score. `Being consistent all around will ensure that your credit score will remain in good standing. If your credit is less than desirable, Vivix Credit solutions has expertise in getting all areas of your credit cleaned up. They know how to do it fast and how to get you on track to financial success.