Slow credit means that your credit report shows that you have a habitual history of paying your bills late. Failure to make your payments in a timely fashion can be just as harmful to your credit profile as not paying at all. As a result, you'll want to rebuild your payment history as soon as possible. You can either discipline yourself and start making all your payments on time or you can choose to consolidate your bills into one single monthly payment. Consolidating will keep you from having to maintain several different payments at once. If hardship or other special circumstances caused you to 'slow pay' your bills, you'll want to inform the credit report agency right away, so that your explanation will be put on your credit profile and disclosed each time it's accessed by creditors. Despite blemishing your credit profile, slow credit doesn't necessarily prevent you from obtaining a mortgage. In fact, many lenders have mortgage programs specifically designed to help borrowers with less than perfect credit histories. Be mindful that these loans usually require a larger down payment and a higher interest rate than conventional loans because you're considered a greater risk to lenders.
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