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How To Protect Your Credit Score During a Move

protecting credit scoreIf you’re about to move, you may need to consider is how your credit score is going to fare during the relocation process.  We have some tips regarding how to protect your credit score during the transition.

Inform Your Creditors

The first step you should take towards protecting your credit score is to inform all your creditors that you are going to be moving.  This will ensure that all bills and notices are sent to the proper address.  If you don’t do this, you could potentially miss a bill or end up paying it late.  Paying your bills on time is one of the biggest factors in determining your credit score.  If your move is happening abruptly, make sure to notify the United States Postal Service so that you can have your mail forwarded.

Give Yourself Some Time

As much as you can, try to think of any time-related factors that could affect your credit score and eliminate them.  For example, you will need to turn off or forward bills from your home security and cell phone providers.  You will also need to notify your newspaper, mail, and utility services.

Be Mindful of New Purchases

If you’re moving to a new home, it’s tempting to buy new furniture or appliances to fit with your new lifestyle.  Many stores offer lucrative payment plans and financing options so that you can walk out that day with a new refrigerator.  Many of these stores will pull your credit score before offering you a deal, and you want to make sure that you minimize the number of times your credit score is being pulled.  When your credit score is pulled too many times, you risk having a drop in your credit score.

Keep an Eye on Your Credit Report

When you’re in the middle of the relocation process, you’re probably going to be sorting and throwing out a lot of junk as you go.  Many identity thieves won’t hesitate to sort through your trash and recycling to grab your old bills.  You’ll want to keep an eye on your credit report to make sure that nothing suspicious is happening.  

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