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What's in a Credit Score?

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What's in a Credit Score?

Your credit score is made up of five different factors that have different weights when calculating your credit score. This is both good and bad news, depending on your perspective. For instance, you may only have a small number of credit cards, giving you a high score in that area, but you may have missed several payments, lowering your score in the payment history section. 

If you are interested in learning more about your credit or need help getting your credit back on track so you can purchase a house, contact a Loan Officer in your area today. NOVA® Home Loans offers Credit Services to borrowers who apply with NOVA® Home Loans and need some credit help in order to buy a home. This service is free, so go ahead, release your potential to be a home owner or second time owner!

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