Moving Day
How to Improve Your Credit Credit scores play a big role in determining whether you’ll qualify for a loan and what your loan terms will be. So, keep your credit score high by doing the following:
Check for errors in your credit report. Thanks to an act of Congress, you can download one free credit report each year at annualcreditreport.com. If you find any errors, correct them immediately.
Pay down credit card bills. If possible, pay off the entire balance every month. Transferring credit card debt from one card to another could lower your score.
Don’t charge your credit cards to the max.
USE THE MOVING DAY CHECKLIST TO MAKE YOUR MOVE AS STRESS FREE AND EFFICIENT AS POSSIBLE. • • • • • • • • • • •
Pay down as much as you can every month.
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Wait 12 months after credit difficulties to apply for a mortgage.
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You’re penalized less severely for problems after a year.
Don’t order items for your new home on credit. Wait until after your home loan is approved to charge appliances and furniture, as that will add to Your donation supports our ongoing research, programs & services within the community. your debt. COMMUNITY DEVELOPMENT COUNCIL OF QUINTE
Don’t open new credit card accounts. the Community Development Council of Quinte (CDCQuinte) is
If you’re applying for a mortgage, having too much a non-profit, charitable organization. since 1989, we have been availablethe credit canandlower yourof score. promoting planning provision health and social services to ensure residents of the Quinte community are provided with the Shop for mortgage rates all at once. necessities of life and an opportunity to improve one’s quality of life.
Having too many credit applications can lower your Community score. However, multiple inquiries about your credit Good scoreGood from the sameGardens type of lender are counted as Food Box Baby Box one if submitted over a short period of time. Social Planning
Avoid finance companies. Good Community
Food Market Kitchens Even if you pay off their loan on time, the interest is the CDC is a registered charitable organization (Charity registration#104996182) high and it may be considered a sign of poor credit management.
W W W. C D C Q U I N T E . C O M 65 Station Street, Belleville, ON K8N 2S6
613.968.2466
24 | Buyer’s & Seller’s Guide
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Arrange for the transportation of your household goods. Notify everyone of the date of your move and your new address. Hire a moving company or rent a truck. Arrange for transport of items that require special attention. (pianos, pets, etc.) Do an inventory of your home. Dispose of things you no longer need. Donate to charity or have a yard sale. Dispose of hazardous materials. (paint, thinners, gasoline) Pack seldom used items as soon as possible. Have appliances cleaned and serviced before the move. Don’t forget to defrost the fridge and freezer. Decide where you want furnishings placed in your new home and label them accordingly. Hire a sitter for moving day. It’s going to be a hectic day. Plan on being present at the loading and unloading of your belongings. Keep a record of all moving expenses for income tax deductions (if applicable). Have your car serviced and keep emergency supplies in the trunk. Make a last check of the house - closets, basement, garage, yard - make sure nothing is left behind.
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