{"id":12531,"date":"2017-10-18T14:02:38","date_gmt":"2017-10-18T14:02:38","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/?p=12531"},"modified":"2018-03-12T13:19:18","modified_gmt":"2018-03-12T13:19:18","slug":"why-you-should-check-your-credit-score-before-you-move-home","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/why-you-should-check-your-credit-score-before-you-move-home\/","title":{"rendered":"Why You Should Check Your Credit Score Before You Move Home"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p>Buying or <a class=\"wl-entity-page-link\" title=\"rental\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/renting\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/renting;http:\/\/rdf.freebase.com\/ns\/m.01y857;http:\/\/dbpedia.org\/resource\/Renting\" >renting<\/a> a new <a class=\"wl-entity-page-link\" title=\"houses\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/house\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/house;http:\/\/rdf.freebase.com\/ns\/m.03jm5;http:\/\/dbpedia.org\/resource\/House\" >house<\/a> can be stressful enough without nasty surprises like a poor credit rating slowing things down, especially when it may be easy to improve if you know about it in advance.<\/p>\n<p>Take renting, for example. <a class=\"wl-entity-page-link\" title=\"Letting agent\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/letting-agent\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/letting_agent;http:\/\/rdf.freebase.com\/ns\/m.02qpgdf;http:\/\/yago-knowledge.org\/resource\/Letting_agent;http:\/\/dbpedia.org\/resource\/Letting_agent\" >Letting agents<\/a> and landlords want to know you\u2019re credible and can pay your rent on time. An easy way for them to check this is to look at your credit report. Know your score in advance and you can plug any holes in your credit history, consolidate any debts and help make sure you get the <a class=\"wl-entity-page-link\" title=\"homes\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/home\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/home;http:\/\/rdf.freebase.com\/ns\/m.01l0mw;http:\/\/dbpedia.org\/resource\/Home\" >home<\/a> you want.<\/p>\n<p>Homebuyers are subject to similar scrutiny. Each time you apply for a <a class=\"wl-entity-page-link\" title=\"Mortgage loan\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/mortgage-loan\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/mortgage_loan;http:\/\/rdf.freebase.com\/ns\/m.0273t5w;http:\/\/dbpedia.org\/resource\/Mortgage_loan\" >mortgage<\/a> (or any other credit like a <a class=\"wl-entity-page-link\" title=\"lenders\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/loan\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/loan;http:\/\/rdf.freebase.com\/ns\/m.01dnzs;http:\/\/dbpedia.org\/resource\/Loan\" >loan<\/a> or credit card for that matter), it leaves a record on your credit report. Lenders and mortgage companies checking your report will worry if they see <a class=\"wl-entity-page-link\" title=\"lot\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/land-lot\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/land_lot;http:\/\/rdf.freebase.com\/ns\/m.0gs32y;http:\/\/dbpedia.org\/resource\/Land_lot\" >lots<\/a> of credit applications in a short period of time, as that makes them think you could be too dependent on credit. And that makes your credit score go down.<\/p>\n<p>So <a href=\"http:\/\/www.awin1.com\/cread.php?awinmid=7716&amp;awinaffid=304715&amp;clickref=&amp;p=https%3A%2F%2Fwww.experian.co.uk%2Fconsumer%2Fcreditmatcher%2Findex.html\" target=\"_blank\" rel=\"noopener\">checking your Experian Credit Score<\/a> in advance gives you a great idea of how lenders see your financial standing, and whether you need to explore your Experian Credit Report in more detail.<\/p>\n<h2>So, what exactly is your <a href=\"https:\/\/www.thehouseshop.com\/property-blog\/why-is-a-good-credit-score-so-important\/15869\/\">credit score<\/a>?<\/h2>\n<p>Simply put, it\u2019s a number that lenders calculate based on a range of different factors to decide whether they\u2019ll lend to you or not. The higher your score \u2013 typically up to a maximum of 999 \u2013 the better your credit standing and so your chance of being approved for a mortgage with a good interest rate that best suits you.<\/p>\n<p>While that sounds simple enough, there\u2019s a lot that goes into calculating it. Along with the information you provide in your credit application, lenders also have their own criteria that could include your income, how much you want to borrow and whether you have defaults or similar on your credit report.<\/p>\n<p>But by <a href=\"http:\/\/www.awin1.com\/cread.php?awinmid=7716&amp;awinaffid=304715&amp;clickref=&amp;p=https%3A%2F%2Fwww.experian.co.uk%2Fconsumer%2Fcreditmatcher%2Findex.html\" target=\"_blank\" rel=\"noopener\">checking your Experian Credit Score<\/a> \u2013 which is based on your credit history to give you an idea of how lenders may view you &#8211; \u00a0you can see where you stand and if you need to improve it.<\/p>\n<h2>How do you <a href=\"https:\/\/www.thehouseshop.com\/property-blog\/why-is-a-good-credit-score-so-important\/15869\/\">improve your credit score<\/a> before you apply?<\/h2>\n<p>If your Experian Credit Score isn\u2019t where you\u2019d like it to be, there are <a class=\"wl-entity-page-link\" title=\"Stairs\" href=\"https:\/\/www.thehouseshop.com\/property-blog\/stairs\/\" data-id=\"http:\/\/data.wordlift.io\/wl0502\/entity\/stairs;http:\/\/rdf.freebase.com\/ns\/m.01lynh;http:\/\/dbpedia.org\/resource\/Stairs\" >steps<\/a> you can take to improve it.<\/p>\n<p>If you have credit it\u2019s important to manage it well, as that\u2019s what lenders want to see. That means avoiding late payments and paying back anything overdue, and then making sure your future payments are on time. If you can, try to pay back more than the minimum each month to help reduce your overall debt.<\/p>\n<p>It\u2019s important as well to make sure you don\u2019t apply for credit too often especially in a short period of time. This can make any lender you apply to think you\u2019re dependent on credit.<\/p>\n<p>The Experian Credit Score helps you understand your financial standing and how lenders and landlords are likely to view you. Good news too \u2013 it\u2019s completely free so you can check it and use Experian to compare mortgages.<\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"text-align: center;\"><strong><a href=\"http:\/\/www.awin1.com\/cread.php?awinmid=7716&amp;awinaffid=304715&amp;clickref=&amp;p=https%3A%2F%2Fwww.experian.co.uk%2Fconsumer%2Fcreditmatcher%2Findex.html\" target=\"_blank\" rel=\"noopener\">Check your FREE Experian Credit Score<\/a><\/strong><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Buying or renting a new house can be stressful enough without nasty surprises like a poor credit rating slowing things down, especially when it may be easy to improve if you know about it in advance. Take renting, for example.<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/why-you-should-check-your-credit-score-before-you-move-home\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":12536,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[7,14,16,8],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2017\/10\/experian-rent-image.jpg","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/why_you_should_check_your_credit_score_before_you_move_home","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/12531"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=12531"}],"version-history":[{"count":7,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/12531\/revisions"}],"predecessor-version":[{"id":15944,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/12531\/revisions\/15944"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media\/12536"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=12531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=12531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=12531"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=12531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}