Improving credit score prior to relocation

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Improving credit score prior to relocation

October 13, 2010 - Before a person starts looking through the real estate section of the Sunday newspaper, a number of steps must be taken.

One of the most important elements is to be aware of one's credit score.

This score, which can fall between 300 and 850, can help determine a person's annual percentage rate on their bank loan when purchasing a home. However, this score can be negatively affected through a number of situations, such as if a person has paid a couple of credit card bills late (or not at all).

Many financial experts have suggested people pay off their credit card debt prior to looking for a new home, which will improve one's credit score.

But keep in mind that having an active credit card is beneficial as well.

Greg Daugherty of Consumer Reports magazine told WRAL.com that "keeping up with your payments can be good for your score."

Those who do get their debt down to nothing may also want to hold on to their card, even if they don't plan to use it.

"Available, unused credit is one of the key components of your credit score," Daugherty said.

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Friday, October 05 2012 15:15

Former pro baseball player Reggie Sanders selling SC beach house

Reggie Sanders list of properties is almost as extensive as his list of teams, however, he appears to be unloading homes across the country.

Thursday, October 04 2012 13:25

Hollywood couple John Krasinski and Emily Blunt buy in LA

Celebrity news sites report actor John Krasinski and actress Emily Blunt may be comparing prices of moving companies around Los Angeles, as they have purchased a home in the affluent city of Ojai.

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Wednesday, October 03 2012 13:24

Singer Sheryl Crow moving out of Hollywood Hills home

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Related Categories

Check Your Credit News

Cash buyers represent record number of California purchases
Investors and relocating families took advantage of affordable conditions in California and purchased a record number of properties with cash in January.

Monday, March 07 2011 10:09

Mortgage rates remain relatively stable
Buyers looking to accelerate their moving plans and lock in low interest rates enjoyed a stable week for mortgage rates.

Tuesday, February 08 2011 10:33

Borrowers increasingly paying down mortgage debt
Low mortgage rates have not only encouraged many consumers to pack their moving boxes, but have also pushed others into refinancing their home loans.

Wednesday, February 02 2011 10:55

Mortgage lending to decline in 2011 amid slow refinancing
Homeowners will refinance their homes at a slower pace this year, as mortgage rates continue to push the boundaries of affordability. Buyers, on the others, will still demand purchase mortgages to finance their relocation into a new home.

Tuesday, February 01 2011 10:07

Many borrowers unaware of mortgage help programs
Mortgage borrowers in Nevada are walking away from their home loans, even though programs exist that could help them mediate their mortgage problems and aid in their relocation to a new, more affordable home.

Monday, January 31 2011 09:48

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Relocation.com
In the Press

A Moving Company's Moving Story
June, 2012

Relocation.com's survey was recently featured on the front page of USA Today. The headline entitled "Moving in Hard Times" highlighted our results that moving and relocating behaviors were only moderately influenced by the economy.

Our lifestyle survey found that Americans are seeking smaller homes and a suburban lifestyle. These riveting results were recently featured on USAToday.com in an article entitled "American dream shrinks as smaller homes gain favor."

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"Relocation.com provides you with all the tools you need to get quotes quickly from movers in your area."

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