Remember to Notify When Moving

You’ve moved and are surrounded by boxes. It’s a moment of glory hampered by the extensive list of utilities to transfer, boxes to unpack and other lifestyle changes to make before you can truly relax and enjoy your new home. The Equifax Finance Blog reminds about some particular transfers to make sure are on that list in the new article, “Tell the IRS and Your State When You Move.”

It’s important to let the IRS, state tax agencies and other financial groups you work with are aware of where you are. While this adds another item to your list of moving chores, it can save you a lot of trouble in the long run. This is because when you don’t receive notices from financial groups, time doesn’t stop. With taxes, proposed assessment values for taxes will turn into assessed values. If you don’t get those messages, the cost of the assessments could grow with penalties and interest. By the time the letters finally catch up to you, there may be a big charge for not doing something as simple as notifying.

Avoid Risky Business when Saving for Big Purchases

Your credit report will be instrumental
in securing your home loan

When you are saving up for a big purchase like a car or a home, it is important to keep the goal in mind when making everyday purchases. If you can’t keep your self control when it comes to buying, your credit report will show. Then, you will end up paying for it with a higher interest rate. The Equifax Finance Blog explains how your credit report tells on you in the article, “Are You Receiving the Best Interest Rates on Your Loans?”

Your credit report keeps track of your financial habits, and it forms the score which determines your interest rates. If you borrow too much, have too many accounts or check your score too often, the report shows and lowers your score. Thankfully, the financial institutions that check your credit score for issuing you a loan now have to inform you when you don’t qualify for the best rate.