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.

December 26, 2012

Eight Tips to Pursing a Loan Modification (Part 2 of 2), Prepared by the Office of Vivix Credit Solutions

Posted in Vivix Credit Solutions tagged , , , at 9:28 pm by Vivix Credit Solutions

In part one of this two-part article, the credit repair experts at Las Vegas-based Vivix Credit Solutions offered some valuable advice on pursuing a loan modification, such as finding out who your mortgage servicer is and filing your application with as much accuracy as possible. In part two, they provide tips on how to handle the actual modification process.

1. Contact the right people at the mortgage servicer. Ask anyone who has gone through the modification process and they will likely tell you about their difficulties in getting in touch with the correct individuals at their mortgage agency. When you do contact someone at your loan servicer for a modification, make sure they work in the loss mitigation department.

2. Maintain realistic expectations about the modification. Once you turn over your application and financial background materials, the process will partially be out of your hands. The mortgage company representative will review the information and determine a monthly payment plan that works in favor of the lender while still allowing the borrower to keep their home. If you cannot afford the proposed modification, let them know why. Suggest a payment plan that would work based on your budgeting calculations. Presenting a well thought-out, concise argument may very likely change their minds.

3. Keep a cool head. The loan modification process almost always leaves homeowners feeling frustrated and angry. Treat the lender’s representative poorly and they will stop working with you or completely ignore you. Treat them professionally and graciously and they will be more flexible in helping you out.

4. Document everything. Keep a detailed paper trail of your communications with your lender. Note everything from the date you spoke with your loan representative to their name and employee number. This information will come in use if you need to hire an attorney or you face foreclosure down the road. In addition, send all documents to your mortgage servicer via certified mail or shipping firms like DHL or FedEx.

November 26, 2012

Overcome Identity Theft with Vivix Credit Solutions

Posted in Uncategorized tagged , , at 9:46 am by Vivix Credit Solutions

Avoiding identity theft is a major concern for millions of people who value their credit scores. A criminal in possession of your personal information may open bank accounts and credit cards in your name. Vivix Credit Solutions of Las Vegas often helps clients repair credit that has been ruined through identity theft.

One way of preventing a stolen identity is to place a 90-day fraud alert on your credit reports. This type of alert will help you determine if any suspicious activity has occurred, and also help prevent identity thieves from opening new accounts in your name. You may order these alerts through TransUnions, Experian, and Equifax, the three big credit reporting bureaus. Extended fraud alerts are also available for those who were previous victims of identity theft if they have police documentation.

Vivix Credit Solutions takes identity theft very seriously, and can help consumers undo damage caused by all types of identity fraud, but it is important to act quickly if you believe someone has accessed your bank account or Social Security number.