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Moving EssentialsBy Becky Frost

Packing up and moving can be challenging. With so many things to remember and do, it is easy to place thoughts about your credit’s well-being in the background. Moving will occasionally be part of your life story, and there are ways to approach this new chapter — and protect your credit score in the process.

Notify your creditors

Notifying your creditors that you will have an address change may take some time, but it helps ensure all bills and correspondence are sent to the right location. Otherwise, you can run the risk of paying a bill later or missing the payment entirely. Your on-time payments are a key factor in determining your credit score. Visit your local post office or the United States Postal Service’s website to have your mail forwarded.

Give yourself time

If you are relocating with your current company, or have a new job lined up, notify your employer of how long you think it will take you to move to and get settled in your new location. Moving is a big thing. Make sure you give yourself ample time to make the adjustment. Proper planning and enough time can give you pause to circle back and check off all the essentials that can possibly affect your credit score, such as making sure that home security, newspaper, mail, utility and cell provider services have been turned off or forwarded.

Sell your old furniture or buy new?

There is always that temptation to stock your new home or apartment with new furniture. Many stores offer attractive financing options that make owning new furniture a possibility. Just keep in mind that having too many sources pull your credit in a short period may have a negative impact on your credit score. In addition, if you plan on buying new furniture, give yourself plenty of time to sell the furniture you no longer need.

Monitor your credit report

There are still identity thieves who do not mind going through someone else’s garbage to steal personal information, such as utility bills, credit cards, medical insurance information and bank statements. There is always a possibility, even though you have canceled services, that mail containing your personal information will find its way to your prior address. Monitoring your credit report can help you stay on the alert for key changes to your report that may indicate identity theft.

Related:

Becky Frost is Senior Manager of Consumer Education for Experian Consumer Services, which offers credit monitoring products like freecreditscore.com™. Find Becky on Google Plus.

This article is provided for general guidance and information. It is not intended as, nor should it be construed to be, legal, financial or other professional advice. Please consult with your attorney or financial advisor to discuss any legal or financial issues involved with credit decisions.

Note: The views and opinions expressed in this article are those of the author and do not necessarily reflect the opinion or position of Zillow.

About the Author

Experian Consumer Services offers credit monitoring products like freecreditscore.com™, which has resources and calculators that help you understand how credit can impact your life. Credit is an important component when buying, renting or refinancing your home.

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