How much does moving impact one's credit score?

[nuyorican]

I've been mulling over taking out a loan. My credit rating is pretty decent, been in my current place for fifteen years. However, I will be moving within the next few months. So if I do decide to take out the loan, is it best to do it before I move? How much realistically will the move affect my score, and ergo - rates.

[Hustle_]

Will you be applying for a mortgage when you move?

[nuyorican]

No.

[bunchofkeys]

Do it before you move.

From past experience, I found it harder to obtain better rates or even an offer within the first 2 years of moving.
Things are much easier when you've been at an address for 3 years or more.

[walamai]

I believe how long you've been at an address does impact a little bit. I went from a 'perfect' 999 to something less than that (9xx something, I forget), with the only change AFAIK being a move.

I think being on the electoral roll at your current address is also a factor. So if you want to get a loan soon after moving, electoral records may not quite have caught up yet. 'Not on electoral roll at current address' would be a bigger impact I think than the move itself.

[nuyorican]

bunchofkeys said:

Do it before you move.

From past experience, I found it harder to obtain better rates or even an offer within the first 2 years of moving.
Things are much easier when you've been at an address for 3 years or more.

As I suspected. That long eh?

Thanks.

[bunchofkeys]

nuyorican said:

bunchofkeys said:

Do it before you move.

From past experience, I found it harder to obtain better rates or even an offer within the first 2 years of moving.
Things are much easier when you've been at an address for 3 years or more.

As I suspected. That long eh?

Thanks.

What was offered during the first 2 years were high APR cards/loans which would normally be associated to someone with bad credit.
After three years, most of the lenders were practically throwing great deals my way.

[CLX]

I've recently moved. Sold my mortgaged house and went in to rented. Credit score went from 999 to 630.