Credit Score Tips

Your Credit Score is a key factor in homeownership. The quickest way to improve your score is to call your Axiom Mortgage Consultant. They will provide a referral to a credit improvement specialist who will indicate the fastest way for you to improve your credit score. It’s the key to making your home-buying dreams a reality.

The Basics Of Credit Score Improvement

Re-establishing credit and making payments on time after a period of late payment behavior will help you raise your score over time.

• Make payments on time on multiple accounts.
• A small balance without a missed payment is better than no balance at all.
• Keep your oldest account open, even if you are no longer using it.
• It is not necessary to have a large mix of credit accounts, but too many of one (i.e. credit cards) could tip the scale.
• Do not open accounts you don’t intend to use.