In this day with the ever looming uncertainty and wide spread instability in the world, it is important to maintain a good credit score. With credit card companies and banks unwilling to lend to those with less than perfect credit, having even a blemish can cause you to lose out on a mortgage, loan or increased credit line. If you recently discovered that you are not as desirable as once thought to a lender, there are some things you can do to improve your score with the help of Vivix Credit Solutions.

First, obtain a copy of your credit report from Vivix Credit Solutions; they are free to the consumer once a year. Second, look it over for any discrepancies. If you feel that something is incorrect contact the party who has made the error and get it corrected as soon as possible. Once you are satisfied that everything on your credit report is accurate you can begin the process of restoring your credit. Looking to Vivix Credit Solutions can help you yield the good results you are looking for.

While having some credit is good, having too many revolving accounts can lower your score. Vivix Credit Solutions advises if you have more than a couple of credit cards, store cards or gas cards, close some of the accounts and use only a few sparingly. This will free up the amount of debt you can have and show someone looking at your credit report that you are not just applying for cards so that you can spend more.

Another way to improve your score is to reduce the amount of debt you have on your open accounts. When a creditor reviews your report, seeing that you have several cards at or near their available limit, it shows the creditor that you are irresponsible with extended credit and places you at a higher risk. The end result to higher balances is a denial by a potential lender. Ideally you want to work your balances down to no more than 25% used with a consistent history of on time payments.

If you have recently suffered a setback such as the loss of a job or reduced income and you are unable to fulfill all of your debt obligations each month, you may want to speak with a professional educated in debt consolidation or debt settlement. Vivix Credit Solutions can help you with these services. Although you will still take an initial hit on your credit score, getting this addressed now will make the process take a shorter period of time and allow you to recover sooner. Avoiding a bankruptcy is wise. A bankruptcy will put a red mark on your credit report for up to ten years and make it very difficult to acquire any credit without paying a premium rate of interest.

Learning to use your money wisely and spend within your means make take some counseling from an outside source, like Vivix Credit Solutions. You can seek a free consultation from Vivix Credit Solutions online, and once you feel comfortable that you are capable of doing it alone, you’ll be empowered to better handle your finances.