When a consumer finds themselves in financial difficulties due to overwhelming debts and/or reduced income or job loss, the future can seen very frightening. During this difficult time, consumers should be aware that there are many viable options out there to help them get their head above water. Vivix Credit Solutions has consulted with many consumers who are in the same situation. Vivix Credit Solutions will review a new client’s credit report with them and figure out a plan of action that is best for the client’s needs.

In some cases, the consumer believes that the only way to relieve the debt is to declare bankruptcy. Vivix Credit Solutions suggests that this a decision that should not be considered lightly. Bankruptcy can be a great hazard to your credit report. It should be the consumer’s last resort to alleviating financial burdens.

Consumers are lead to believe that bankruptcy helps you start again with a blank slate. This is far from true. It may cancel out some of the consumer’s debts, but the negative accounts will still appear on the consumer’s credit reports. The bankruptcy notation itself remains on a consumer’s credit report for up to ten years.

If a consumer does not check their credit report on a regular basis, the bankruptcy notation may remain on their credit report, still negatively affecting their credit. Vivix Credit Solutions has been successful in having bankruptcy notations removed from our clients’ credit reports. Vivix Credit Solutions will also assist in making sure the bankruptcy notations contain accurate information, those with erroneous information may also be removed from a consumer’s credit report.

Vivix Credit Solutions can recommend other programs to help with alleviation of debt. The have helped hundred of clients improve and rebuild their credit with their credit coaching services. There are alternative to bankruptcy, and Vivix Credit Solutions can help you sort through them.

Bankruptcy will inhibit your credit for years to come, a damage of up to 150 points on your credit score. This will make it difficult to obtain credit for future large purchases like a car loan or a home mortgage. You will no longer have access to any or your credit cards. The need to file for bankruptcy may have sprung from credit card debt, but they are still a necessity a consumer should have in case of an emergency. And bankruptcy is public information, that anybody can access, including future employers.

In extreme cases, Chapter 7 Bankruptcy, may result in the person in dept having to relinquish property. Where as in Chapter 13 Bankruptcy, the person in dept is usually a person with a regular income, and will have to pay creditors out of projected future earnings. For the amount of damage bankruptcy does to a consumer’s credit, it is not worth these possible risks. Vivix Credit Solutions will assist in finding a fix for bad credit that is in the best interest of the consumer.

Major financial decisions should not be made without all options being weighed. Vivix Credit Solutions has assisted hundreds of people in similar situations. To receive a free special report: “The TRUTH About Legal Credit Repair & Your Credit Report” along with a free consultation with one of their credit repair experts.