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Vivix Credit Solutions Authorized Users
Posted by Vivix Credit Solutions | Categories: Credit Repair, Credit Report, Credit Score, Fair Credit Reporting Act, Vivix Credit Solutions | Tags: FCRA, free consultation, FTC
Vivix Credit Solutions
Why Add Yourself as an “Authorized User” on an Established Credit Card
Vivix Credit Solutions offers a wide range of financial and credit options for those who need help with repairing credit. For those with little to no credit established, there are services such as alternative credit that can help you begin a credit history with the top three reporting bureaus. Examples of alternative credit may include rent payments as well as payments to monthly utility bills. Vivix Credit Solutions also recommends adding yourself as an authorized user to a spouse’s or parent’s established credit accounts in order to get additional tradelines added to your report. The benefits include improving the length of your credit history and adding to your record of positive payments.
Credit Reporting
Have payment accounts added to your credit report is an important step to building your credit history. Vivix Credit Solutions agrees that having no credit can sometimes be just as damaging, if not more, than having bad credit. When the lenders have nothing to base their financing decisions off of, they will likely turn the applicant down. Alternative credit data such as payments made for rent and utilities or accounts that you have use of (even if not opened in your name) can boost your creditworthiness to lenders.
History of Credit Worthiness
For college students, adding yourself as a user on an established credit account works well for building credit history. Many students leave home without a need for credit but quickly find once they get a job and live on their own how helpful it can be. Parents can add their student’s name onto their own credit card and have it reported to the credit bureaus so that the student can begin building a history of their own. Vivix Credit Solutions can also help by adding alternative credit data on their credit profile.
Payment History Records
Vivix Credit Solutions agrees that having a positive payment history is the best indicator of whether a consumer is likely to repay their debts on time – or at all. If a student’s parent is paying the credit card on time each month, they don’t need to physically use the card to benefit from the transactions that occur with that card. As long as they are listed as authorized users, the student’s credit profile can be connected to that account. There are additional options, but this is just one example of alternative credit data.
Credit Services Available
Whether you have little, no, or damaged credit, Vivix Credit Solutions can help devise a plan to turn your creditworthiness around and boost your FICO score. Alternative credit is just one way they can help you do this as they offer a full range of services provided by experienced financial professionals. Vivix Credit Solutions can answer your questions related to credit issues and financial hurdles you may encounter. If you should choose to go with adding alternative credit data to your report with the three major credit bureaus (Experian, Equifax, and TransUnion), they can also assist you with those needs.
Call Now to Speak to one of our Credit Experts 702-434-4414
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