credit rating when just moved house?

bright_side

Hi, I moved house almost 3 months ago and I assume this effects credit ratings as I have been unable to acquire a Next Directory account.

I was wondering if there's anything I can do to improve the credit rating at my new home, or if it's just a case of sitting it out?

I don't really need any credit at the moment, but would like to know I could get it if need be!

I have a credit card that I don't use, would it make any difference to my rating if I were to make purchases and pay the balance off immediately?

Thanks for any advice

stephane_2

You need to make sure that you are on the electoral roll at new address.....and yes some lenders will see negatively someone who has just moved in to a new address.

bright_side

Ah good point, I have changed my electoral details, but I think the letter I received mentioned about a time scale for actually showing up. Thank you.

sfax

You have to wait for

a. the council publishing the updated register (call them for when this will happen) and;
b. the CRAs updating their records

Until the CRAs are up to date it's seen as a big negative mark. I wouldn't apply for anything until that point as it could be a wasted credit search

bris

Usually they just ask for a previous address if you have been in the current one less than 3 years, so your credit rating shouldn't be affected.

stephane_2

bris wrote: »

Usually they just ask for a previous address if you have been in the current one less than 3 years, so your credit rating shouldn't be affected.

This is not the point.....he moved to new address 3 months ago.

Hazzinho

Check your report in a few months hopefully it will all report correctly as mentioned get on the electoral roll. When you move it takes a while for everything to update plus lenders want to see everything is still paid ok,a new address could potentially be fraud so lenders are cautious for a while. I always get credit before moving if i know I'll need it soon.

bright_side

Yes I transferred my cc balance to a new 0% card before moving for that reason

I was really just wondering if I used another card for purchases instead of debit card and paid balance straight away, would that make my credit worthiness at this house appear better? I assume everything you do regarding credit ends up on your report.

sfax

bright_side wrote: »

Yes I transferred my cc balance to a new 0% card before moving for that reason

I was really just wondering if I used another card for purchases instead of debit card and paid balance straight away, would that make my credit worthiness at this house appear better? I assume everything you do regarding credit ends up on your report.

As a general point, it's better to demonstrate well managed use of credit than to have no credit history or very limited credit history. With this in mind, yes to using a CC over a debit card

Gentoo365

I moved house and almost immediately applied for a Tesco credit card.

They asked my old address and I passed the credit check. The only issue was having to send in more stuff for proof of address and proof of ID. It was a bit annoying because I sent my council tax bill, but it was not accepted as it did not have my full name. So I ended up having to send in a certified copy of my drivers licence (which only took a few weeks to update to my new address).

So I would be less concerned about your 'credit score' when it comes to proving you are good making payments. The issue is more regarding the 'Know Your Customer' or KYC score, which is more about proving who you are, and that you do live at the new address.