February 14, 2013

How to Establish Credit after Bankruptcy By Vivix Credit Solutions

Posted in Uncategorized tagged , , at 12:08 am by Vivix Credit Solutions

Establishing new credit after a bankruptcy seems nearly impossible to many people. Just about every service offered today requires a credit check. Unfortunately, many creditors refuse to provide credit to people who have declared bankruptcy; those that do may charge higher rates for goods and services. Moreover, many employers today conduct a credit check prior to hiring a candidate.

Begin seeking new credit opportunities immediately after receiving a notification of discharge from the bankruptcy court. Because many creditors at this stage will not consider extending a loan or credit line to someone who has recently declared bankruptcy, it makes sense to apply only to those who are likely to approve an application. Too many inquiries on a credit report automatically lower a person’s credit score, making it even more difficult to establish positive credit.

About Vivix Credit Solutions:
Licensed and bonded, Vivix Credit Solutions helps people emerge from credit setbacks via credit coaching and removal of negative incidents from credit reports, among other services. The company’s experienced team provides strategic advice based on its comprehensive knowledge of the credit industry. For more information, visit VivixCreditSolutions.com.