Applying for a credit card, shortly after moving house

ncfc1980

Hi all,

So my question isn't so much around eligibility, but more around process and Credit Reference Agencies.

I moved into my new house last Saturday 26th, having completed on 25th. I've subsequently amended my address with my bank, notified electoral roll, and sorted all utilities and insurance, just driving licence left to do.

As with any new house there's quite a bit that needs doing, but it's turned out to be a bit more than I anticipated. So I was toying with the idea of rather than using all my savings, looking at a credit card with a decent interest free period on purchases.

Having looked at the eligibility calculator on here, it's not finding my details with the Credit Bureau, which I assume is down to the fact that my address details and the fact I am now a homeowner won't have updated that quickly. So I assume that if I am finding that to be the case with the soft check performed via here, the same will be true if I was to actually apply for a card direct with the lender?

So simply put, my question is, will I have to wait a month or so before applying, otherwise risk being rejected due to the inconsistency and therefore affecting my credit file?

Any advice greatly appreciated.

Thanks

user1168934

Given your situation I would wait for a couple of months before applying. If you have any existing credit cards whose interest free periods have expired you can speak to the providers and see if they can offer you something on the existing card. In most cases they do make an offer just to keep you as a customer. Also this wont require a credit check so no chance of ruining your credit history.

HelpfulTips

As stated above, it may take a little while for your electoral roll data to update, and for the addresses on your actor accounts to update with the rest reference agencies. It's better to wait rather than risk possible flags being added because you've applied at an address that isn't associated with you. I would suggest 3 months ideally, but again as mentioned above you would be surprised how often 0% purchase offers are available to existing customers, so definitely try yor current providers first. Good luck with the house

Ben8282

It really would be a good idea to wait a while. All sorts of credit searches could have been carried out by utility companies etc in conjunction with your moving to a new address. Also if you have taken out a new mortgage or have increased your mortgage give lenders time to see that you can afford to keep up the payments on the mortgage and household bills and other credit commitments and that you have not become overstretched. Give things time to settle down.

HappyMJ

ncfc1980 wrote: »

Hi all,

So my question isn't so much around eligibility, but more around process and Credit Reference Agencies.

I moved into my new house last Saturday 26th, having completed on 25th. I've subsequently amended my address with my bank, notified electoral roll, and sorted all utilities and insurance, just driving licence left to do.

As with any new house there's quite a bit that needs doing, but it's turned out to be a bit more than I anticipated. So I was toying with the idea of rather than using all my savings, looking at a credit card with a decent interest free period on purchases.

Having looked at the eligibility calculator on here, it's not finding my details with the Credit Bureau, which I assume is down to the fact that my address details and the fact I am now a homeowner won't have updated that quickly. So I assume that if I am finding that to be the case with the soft check performed via here, the same will be true if I was to actually apply for a card direct with the lender?

So simply put, my question is, will I have to wait a month or so before applying, otherwise risk being rejected due to the inconsistency and therefore affecting my credit file?

Any advice greatly appreciated.

Thanks

Wait until the credit reference agencies at least acknowledge you live where you live and show your existing credit agreements as all showing your current address. Applying without this will look like you have no credit and you'll be rejected. You only need wait a month or so.

user1168934

user1168934 wrote: »

Given your situation I would wait for a couple of months before applying. If you have any existing credit cards whose interest free periods have expired you can speak to the providers and see if they can offer you something on the existing card. In most cases they do make an offer just to keep you as a customer. Also this wont require a credit check so no chance of ruining your credit history.

.... having said that I did successfully apply for a credit card 3-4 days after moving into the property I bought but in my case I had access to my old rented property for another month or so, I simply used this address. If you can use your old address to receive the cards and pin then go for it. You can also try mail redirection but I don't know if it will work or not.