Vivix Credit Solutions Tips to Build Your Credit and to Maintain a Good Credit History

Building good credit history is very important, not just for adults, but for young adults too.  Without credit, it is impossible to make a purchase without having cash on you. Those kinds of purchases could include clothes, shoes, furniture, cars, gas, and of course, a home.  It is important to realize that you have to build your credit for some time to build a good credit history.  With the experts at Vivix Credit Solutions, it’s not that hard to do if you follow some simple guidelines.

A good credit history is important because people won’t lend you money until they have proof that you are capable of paying it back.  Vivix Credit Solutions has counseled many people just starting out in the financial world who were surprised to learn that they already had a credit history.  You could have earned it through something as simple as maintaining your checking account without bouncing any checks, paying for a gym membership or paying a student loan.  Is your apartment in your name?  How about the phone and utilities?  Those will also contribute to building a history, so be sure to pay all of your bills on time.

A credit card is a great start for establishing a credit history, and your bank is the best place to go.  They already know you, so the least you should be able to get is a secured credit card, which means you’re using the money in your checking account as collateral.  Once you have proven that you are a good risk, you will be able to get an unsecured credit card.  Don’t think that your debit card is helping your credit history because it simply deletes money straight from your checking account.  Ask a Vivix Credit Solutions representative about other ways your bank can help you to build credit history

A gas card is also relatively easy to get, and because you can only use it at the sponsor’s stations, you will be limited to how much you will charge on it each month.  In the same family as the gas card is the store card.  Again, they’re relatively easy to get and you are limited in that you can only use it in the store that provided it.  More good advice from Vivix Credit solutions is to look for ‘same as cash’ finance deals while you’re in the store.  They allow you to stretch the payments for an item over 3, 6, or 9 months or more without charging you interest on the loan.  It is an excellent way to build a good credit history without costing you any money.  A steady job background is very important to your credit history, so keep a good record at work.  Something else that proves stability and responsibility is staying at the same job, or company, for a long period of time.

Vivix Credit Solutions urges you that while building your credit with purchases, you pay your bills on time and when using your store and other credit cards, just use them to purchase items you need.  Don’t buy items that you don’t need just to establish credit.  Many people get themselves deep into debt by overusing their cards.  Make sure that you charge only what you can pay cash for in order to guarantee that you don’t get overextended.  Of course, emergencies do come up, and having a credit card can be very helpful.  You just need to be sure you pay your bills on time.  An excellent source of information on building credit is with your Vivix Credit Solutions representative.
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