January 9, 2013

Vivix Credit Solutions Discusses the Importance of Regularly Reviewing Your Credit Report

Posted in Vivix Credit Solutions tagged , , , , at 6:39 pm by Vivix Credit Solutions

U.S. consumers are entitled to receive free copies of their credit report once each year. Unfortunately, approximately 70 percent of consumers fail to do so. As a result, they are not aware of their credit scores and the information on their credit report, which is often incorrect or outdated.

Indeed, credit reports can show duplicate accounts for the same debt, delinquencies for which the statute of limitations has expired, as well as debts that have been previously paid in full. Further, credit reports can show activity that indicates that a consumer might be the victim of identity theft.

Failing to examine your credit reports at least once a year leaves you vulnerable to all of these issues, which may arise only after you are denied financing for a car or home purchase. Because disputing credit-report information can be an involved process, waiting to resolve the situation at that stage usually means lengthy delays, as well as the inconvenience of potentially being unable to make the planned purchase. Thus, it’s vital to regularly review your credit reports and promptly dispute any inaccuracies you may find.

Vivix Credit Solutions, licensed and bonded in California and Nevada, provides a wide range of credit-counseling services to consumers, including credit counseling and repair, as well as debt management. Vivix Credit Solutions is accredited with the Better Business Bureau of Southern Nevada, Inc., and is a member of the Las Vegas Chamber of Commerce and the Ethical Credit Repair Alliance.