How to Improve Your Credit Score

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 and enroll in our credit improvement program. They will provide specific steps for 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
• Consolidating your credit cards into one account and then closing the other accounts can actually hurt your score, especially if they are older accounts. Keep those accounts open if you are disciplined enough to not run them up again. One of the factors of a good credit score is "percentage used of available credit."

At Axiom we have access to "what if" scenario tools to help you improve your credit score.